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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%
Price spread now: GRVT against Bitget−0.069%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$260.261% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 7 days+0.055%+$6 · spread now −0.069%, 7d avg +0.013%
Together, before fees+0.063%+ Points / potential airdropGRVT: Active · farm board+$6 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: GRVT is 0.082% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PAXGUSDT4,353.40.0100pay 0.0050% / 4h1h 11m$9.3M$13.3M50x
ShortGRVT PAXG_USDT_Perp4,350.50.0100get 0.0050% / 4h1h 11m$1.6M$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Bitget. 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: −0.069% → +0.013%
−$8.18
Slippage, 4 orders
−$5.08
Fee Bitget: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$34.26
Costs to cover
0.261%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; GRVT: live order book, 2 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 Bitget live order book, 2 min ago0.01 bp8.2 bp −$811.8 bp −$118doesn't fitdoesn't fit
Sell GRVT live order book, 2 min ago0.01 bp4.5 bp −$54.6 bp −$4612.6 bp −$1,260doesn'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%1h4,350.7−0.062%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,354.6+0.027%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,347.2−0.144%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,355.9+0.056%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,352.3−0.027%$910K$645K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.141%$1K$151K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,354.3+0.020%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,351.6−0.042%$1.4M$273K25xas long as short
Hibachi PAXG/USDT-P+0.0096%1h4,350−0.080%$47K$139K20xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,352.3−0.026%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,352.5−0.022%$20.4M$1.8M10xas long as short
Aster PAXGUSDT+0.0100%4h4,352.4−0.025%$908K$27K50xas long as short
Pacifica PAXG+0.0100%1h4,353.2−0.005%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,352.8−0.014%$80.1M$67.1M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,353.6+0.004%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,349.3−0.096%$16.0M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,354.9+0.034%$26.9M$5.2M30xas long as short
Bitget PAXGUSDTlong+0.0100%4h4,353.4long leg$9.3M$13.3M50x
BingX PAXG-USDT+0.0100%4h4,352.3−0.025%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,351.8−0.038%$1.4M$954K50xas long as short
Variational Omni PAXG+0.0100%4h4,348.2−0.120%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perpshort+0.0100%4h4,350.5−0.069%$1.6M$1.9M10x
ApeX Omni PAXGUSDT+0.0100%1h4,350−0.080%$263K$796K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,351.1−0.054%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,348−0.125%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,352−0.034%$378K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,352.6−0.019%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,351.8−0.037%$975K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1312%1h4,363.6+0.233%$29K$22K10xas long as short