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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0107%/8h= +11.8% APRpaid last 24h +0.004%
Price spread now: Kraken Futures against Aster+0.034%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$250.247% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.369%+$37 on $10k
Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.034%, 7d avg +0.014%
Together, before fees+0.407%+ Points / potential airdropAster: Stage 5 · farm board+$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.021% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PAXGUSDT4,367.60.0100pay 0.0050% / 4h3h 57m$911K$30K50x
ShortKraken Futures PF_PAXGUSD4,369.10.0207get 0.0026% / 1h57m 07s$1.3M$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$22.56
Price spread: +0.034% → +0.014%
$2.07
Slippage, 4 orders
−$6.71
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$0.07
Costs to cover
0.247%
Break-even
7.0 days
Slippage from Aster: live order book, 16 min ago; Kraken Futures: live order book, 1 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, 16 min ago0.01 bp4.1 bp −$412.9 bp −$129doesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago0.34 bp7.0 bp −$712.2 bp −$12240.0 bp −$3,996doesn'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
dYdX PAXG-USD0.0000%1h4,362.4−0.119%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,369.7+0.048%$15.8M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,362.8−0.110%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,371.1+0.080%$8.0M$871K50xas long as short
HTX PAXG-USDT0.0000%4h4,370+0.055%$912K$656K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.465%$1K$151K30xas long as short
Lighter PAXG+0.0096%1h4,366.4−0.027%$1.4M$262K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,364.8−0.064%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,365.2−0.055%$20.5M$1.9M10xas long as short
Aster PAXGUSDTlong+0.0100%4h4,367.6long leg$911K$30K50x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,365.3−0.052%$1.0M$365K10xas long as short
Binance PAXGUSDT+0.0100%4h4,368.6+0.021%$80.3M$70.5M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,369.8+0.050%$15.2M$3.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,364.6−0.070%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,369.6+0.046%$28.5M$5.6M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,369.7+0.048%$9.6M$15.2M50xas long as short
BingX PAXG-USDT+0.0100%4h4,368.5+0.019%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,369.6+0.044%$1.4M$973K50xas long as short
Variational Omni PAXG+0.0100%4h4,365.6−0.047%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,365.9−0.040%$1.5M$2.1M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,364.1−0.080%$264K$792K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,366.3−0.030%$56010xas long as short
Phemex PAXGUSDT+0.0100%4h4,364−0.083%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,366.8−0.018%$379K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0136%1h4,364.8−0.065%$42K$155K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,366.1−0.036%$21K100xas long as short
Kraken Futures PF_PAXGUSDshort+0.0207%1h4,369.1+0.034%$1.3M$1.5M20x
Coinbase International PAXG-PERP-INTX+0.0304%1h4,370.1+0.057%$977K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0960%1h4,375.4+0.178%$29K$23K10xas long as short