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 +0.007%
Price spread now: Orderly against Bitget−0.048%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.048% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PAXGUSDT4,342.70.0100pay 0.0050% / 4h28m 19s$9.7M$14.8M50x
ShortOrderly PERP_PAXG_USDC_mythos4,340.60.0100get 0.0050% / 4h28m 19s$55710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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: −0.048% → 0.000%
−$4.81
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$22.81
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, just now; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, just now0.01 bp7.5 bp −$78.2 bp −$82doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi PAXG/USDT-P−0.0128%1h4,341.9−0.019%$43K$154K20xas long as short
dYdX PAXG-USD0.0000%1h4,341.9−0.019%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,343.7+0.023%$15.6M$3.3M100xas long as short
SunX PAXG-USDT0.0000%4h4,338.4−0.098%$2K$3.6M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,344.6+0.045%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,343.3+0.015%$905K$675K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.106%$1K$151K30xas long as short
Lighter PAXG+0.0064%1h4,340.5−0.052%$1.4M$347K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,341.6−0.025%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,342.5−0.004%$20.8M$2.4M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,342.9+0.005%$906K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,343+0.007%$1.0M$339K10xas long as short
Binance PAXGUSDT+0.0100%4h4,341.1−0.036%$80.2M$70.4M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,342.3−0.009%$14.9M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,342.5−0.004%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,345.2+0.057%$28.6M$5.4M30xas long as short
Bitget PAXGUSDTlong+0.0100%4h4,342.7long leg$9.7M$14.8M50x
BingX PAXG-USDT+0.0100%4h4,342.1−0.014%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,341.9−0.019%$1.3M$804K50xas long as short
Variational Omni PAXG+0.0100%4h4,340.7−0.046%$12.4M$97Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,342.2−0.010%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,338.9−0.088%$262K$788K50xas long as short
Orderly PERP_PAXG_USDC_mythosshort+0.0100%4h4,340.6−0.048%$55710x
Phemex PAXGUSDT+0.0100%4h4,341−0.039%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,340.2−0.058%$379K$1.5M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,341.5−0.026%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0210%1h4,342.2−0.011%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,346.2+0.081%$968K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0864%1h4,351.9+0.212%$29K$23K10xas long as short