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 −0.006%
Price spread now: Aster against Bybit−0.005%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.242% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.031%−$3 on $10k
Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.005%, 7d avg −0.007%
Together, before fees−0.061%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PAXGUSDT4,357.90.0100pay 0.0050% / 4h57m 42s$15.2M$3.6M75x
ShortAster PAXGUSDT4,357.70.0100get 0.0050% / 4h57m 42s$909K$30K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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: −0.005% → −0.007%
$0.18
Slippage, 4 orders
−$5.2
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$24.03
Costs to cover
0.242%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Aster: live order book, 20 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 Bybit live order book, 1 min ago0.12 bp6.4 bp −$610.0 bp −$10026.3 bp −$2,628doesn't fit
Sell Aster live order book, 20 min ago0.01 bp4.4 bp −$44.8 bp −$48doesn't fitdoesn'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
Injective PAXG/USDC PERP−0.0007%1h4,347.3−0.243%$1K$151K30xas long as short
dYdX PAXG-USD0.0000%1h4,358.3+0.010%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,359.5+0.037%$15.8M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,351.4−0.149%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,360.5+0.059%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,359.8+0.045%$911K$634K75xas long as short
Lighter PAXG+0.0096%1h4,356.4−0.034%$1.4M$269K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,356.7−0.027%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,357.2−0.016%$20.4M$1.8M10xas long as short
Aster PAXGUSDTshort+0.0100%4h4,357.7−0.005%$909K$30K50x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,358.4+0.011%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,357.1−0.019%$80.2M$67.9M75xas long as short
Bybit PAXGUSDTlong+0.0100%4h4,357.9long leg$15.2M$3.6M75x
MEXC PAXG_USDT+0.0100%4h4,355.8−0.048%$15.9M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,359.6+0.038%$27.0M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,358.2+0.006%$9.2M$13.4M50xas long as short
BingX PAXG-USDT+0.0100%4h4,357.6−0.007%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,358.1+0.004%$1.4M$955K50xas long as short
Variational Omni PAXG+0.0100%4h4,359+0.024%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,359.8+0.043%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,357.6−0.007%$264K$796K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,357.5−0.009%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,354−0.089%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,356.2−0.040%$378K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0152%1h4,357.90.000%$48K$139K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,357.5−0.009%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0286%1h4,358.5+0.014%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,362.5+0.106%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1080%1h4,369+0.255%$29K$22K10xas long as short