Settings8H · net · $10k
Funding arb · Price arb /

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%
Price spread now: Extended against Aster−0.017%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$150.147% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.020%−$2 on $10k
Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.017%, 7d avg −0.057%
Together, before fees−0.070%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.040% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PAXGUSDT4,336.80.0100pay 0.0050% / 4h2h 43m$906K$76K50x
ShortExtended PAXG-USD4,3360.0104get 0.0013% / 1h43m 29s$377K$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: −0.017% → −0.057%
$3.97
Slippage, 4 orders
−$1.69
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$9.88
Costs to cover
0.147%
Break-even
89.3 days
Slippage from Aster: live order book, 44 min ago; Extended: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 44 min ago0.66 bp4.7 bp −$519.8 bp −$198doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago0.12 bp2.7 bp −$34.1 bp −$41doesn't fitdoesn't fit

PAXG on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PAXG/USDC PERP−0.0101%1h4,337+0.005%$1K$121K30xas long as short
Hibachi PAXG/USDT-P−0.0024%1h4,337.5+0.017%$41K$156K20xas long as short
dYdX PAXG-USD0.0000%1h4,339.9+0.072%$101K$18K5xas long as short
Gate PAXG_USDT0.0000%8h4,339.1+0.053%$15.7M$4.2M100xas long as short
SunX PAXG-USDT0.0000%4h4,333.8−0.068%$2K$4.1M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,341.1+0.100%$7.9M$837K50xas long as short
HTX PAXG-USDT0.0000%4h4,342.3+0.127%$906K$660K75xas long as short
Lighter PAXG+0.0096%1h4,335.6−0.027%$1.4M$520K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,336.6−0.005%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,336.80.000%$20.3M$1.9M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDTlong+0.0100%4h4,336.8long leg$906K$76K50x
Pacifica PAXG+0.0100%1h4,337.9+0.026%$1.0M$354K10xas long as short
Binance PAXGUSDT+0.0100%4h4,336.6−0.005%$79.9M$70.1M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,336.5−0.006%$14.8M$3.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,338.3+0.035%$15.9M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,338.8+0.047%$26.7M$5.4M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,337.7+0.021%$9.2M$14.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,337.8+0.024%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,338.2+0.034%$1.4M$1.3M50xas long as short
Variational Omni PAXG+0.0100%4h4,338.6+0.041%$12.4M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,337+0.005%$1.5M$2.1M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,337.2+0.009%$262K$798K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,337.1+0.007%$55610xas long as short
Phemex PAXGUSDT+0.0100%4h4,335−0.041%$1.5M$38K50xas long as short
Extended PAXG-USDshort+0.0104%1h4,336−0.017%$377K$1.2M25x
Reya PAXGRUSDPERP+0.0189%1h4,336.7−0.002%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0224%1h4,337.8+0.024%$1.3M$1.5M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,341.6+0.112%$998K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1424%1h4,354.8+0.415%$29K$21K10xas long as short