Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0089%/8h= +9.8% APRpaid last 24h +0.027%

Price spread now: Reya against BingX−0.046%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.046% cheaper against BingX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 41 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PAXG-USDT	4,331.8	0.0100	pay 0.0050% / 4h	3h 03m	—	$6.8M	—
Short	Reya PAXGRUSDPERP	4,329.8	0.0189	get 0.0024% / 1h	3m 50s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee ReyabpOrdersPrice spread, now −0.046%Rate

Funding earned: $18.79
Price spread: −0.046% → 0.000%: −$4.55
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$1.76
Costs to cover: 0.160%
Break-even: 7.7 days

Slippage unknown: BingX: live order book, 9 min ago; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 9 min ago	0.15 bp	6.0 bp −$6	8.3 bp −$83	11.4 bp −$1,136	32.4 bp −$16.2K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PAXG on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PAXG-USD	−0.0257%	1h	4,332.2	+0.010%	$115K	$15K	5x	as long as short
Lighter PAXG	−0.0144%	1h	4,329.1	−0.061%	$1.4M	$634K	25x	as long as short
GRVT PAXG_USDT_Perp	−0.0098%	4h	4,330.7	−0.025%	$1.5M	$1.9M	10x	as long as short
Kraken Futures PF_PAXGUSD	−0.0096%	1h	4,332.3	+0.013%	$1.2M	$2.1M	20x	as long as short
Hibachi PAXG/USDT-P	−0.0048%	1h	4,333.1	+0.030%	$47K	$188K	20x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,332.7	+0.021%	$15.7M	$4.1M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,327.1	−0.109%	$2K	$3.1M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,335.2	+0.079%	$7.9M	$429K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,333.9	+0.048%	$909K	$823K	75x	as long as short
MEXC PAXG_USDT	+0.0012%	4h	4,333.8	+0.047%	$16.7M	$1.2M	100x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PAXG-USD	+0.0016%	1h	4,329.8	−0.045%	$375K	$1.5M	25x	as long as short
Bitget PAXGUSDT	+0.0016%	4h	4,331.7	−0.001%	$9.2M	$16.4M	50x	as long as short
Binance PAXGUSDT	+0.0017%	4h	4,331.8	+0.001%	$80.3M	$81.9M	75x	as long as short
ApeX Omni PAXGUSDT	+0.0027%	1h	4,329.7	−0.048%	$262K	$806K	50x	as long as short
Aster PAXGUSDT	+0.0033%	4h	4,331.6	−0.005%	$907K	$38K	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.359%	$1K	$151K	30x	as long as short
Hyperliquid PAXG	+0.0073%	1h	4,331.5	−0.006%	$21.3M	$2.6M	10x	as long as short
Paradex PAXG-USD-PERP	+0.0085%	8h	4,329.6	−0.051%	$80K	$4.4M	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,332	+0.005%	$1.0M	$308K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,331.7	−0.003%	$15.0M	$4.6M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,333.8	+0.046%	$28.9M	$5.5M	30x	as long as short
BingX PAXG-USDTlong	+0.0100%	4h	4,331.8	long leg	—	$6.8M	—
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,330.7	−0.025%	$1.2M	$857K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,331.7	−0.001%	$12.2M	$291K	—	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,330.4	−0.032%	$556	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,326	−0.133%	$1.5M	$79K	50x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,329.8	−0.046%	$20K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0232%	1h	4,333.4	+0.037%	$934K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.1128%	1h	4,387.5	+1.287%	$29K	$24K	10x	as long as short