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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BingX−0.017%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.203% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 7 days+0.009%+$1 · spread now −0.017%, 7d avg −0.023%
Together, before fees−0.048%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PAXG-USDT4,3390.0100pay 0.0050% / 4h1h 41m$6.8M
ShortBinance PAXGUSDT4,338.30.0100get 0.0050% / 4h1h 41m$80.0M$70.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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
Price spread: −0.017% → −0.023%
$0.65
Slippage, 4 orders
−$0.29
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$19.63
Costs to cover
0.203%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Binance: 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 BingX live order book, 11 min ago0.10 bp5.2 bp −$55.8 bp −$589.7 bp −$96524.9 bp −$12.4K
Sell Binance live order book, 1 min ago0.01 bp5.0 bp −$56.3 bp −$6310.1 bp −$1,012doesn'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%1h4,340.8+0.042%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,340.1+0.026%$15.6M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,334−0.115%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,342.2+0.073%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,345.2+0.144%$904K$652K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.192%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0048%4h4,339.2+0.006%$1.5M$1.9M10xas long as short
Hibachi PAXG/USDT-P+0.0056%1h4,338.4−0.013%$42K$154K20xas long as short
ApeX Omni PAXGUSDT+0.0058%1h4,338.7−0.006%$263K$789K50xas long as short
Lighter PAXG+0.0096%1h4,336.9−0.049%$1.4M$339K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PAXG-USD-PERP+0.0100%8h4,337.5−0.034%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,3390.000%$20.7M$2.3M10xas long as short
Aster PAXGUSDT+0.0100%4h4,338.8−0.003%$905K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,338.5−0.011%$1.0M$340K10xas long as short
Binance PAXGUSDTshort+0.0100%4h4,338.3−0.017%$80.0M$70.6M75x
Bybit PAXGUSDT+0.0100%4h4,339.4+0.009%$14.9M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,340.5+0.035%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,340.4+0.033%$28.5M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,339.6+0.013%$9.6M$15.0M50xas long as short
BingX PAXG-USDTlong+0.0100%4h4,339long leg$6.8M
Backpack PAXG_USDC_PERP+0.0100%1h4,339.3+0.007%$1.3M$802K50xas long as short
Variational Omni PAXG+0.0100%4h4,339.4+0.009%$12.4M$104Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,338.2−0.018%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,336−0.069%$1.5M$40K50xas long as short
Extended PAXG-USD+0.0104%1h4,336.9−0.049%$382K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,339+0.001%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,338.5−0.011%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.246%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1000%1h4,348.1+0.210%$29K$23K10xas long as short