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 0.000%
Price spread now: Orderly against Bybit−0.016%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
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PAXGUSDT4,359.20.0100pay 0.0050% / 4h50m 40s$15.2M$3.6M75x
ShortOrderly PERP_PAXG_USDC_mythos4,358.50.0100get 0.0050% / 4h50m 40s$55910x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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: −0.016% → 0.000%
−$1.61
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$18.61
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; 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 Bybit live order book, 3 min ago0.12 bp6.8 bp −$710.5 bp −$10528.2 bp −$2,821doesn'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
Injective PAXG/USDC PERP−0.0007%1h4,347.3−0.273%$1K$151K30xas long as short
dYdX PAXG-USD0.0000%1h4,358.3−0.020%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,360.6+0.032%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,353.9−0.122%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,362.3+0.071%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,361.4+0.050%$911K$634K75xas long as short
Lighter PAXG+0.0088%1h4,357.7−0.035%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,358.1−0.026%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,358.8−0.009%$20.4M$1.8M10xas long as short
Aster PAXGUSDT+0.0100%4h4,358.5−0.015%$909K$30K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,360.1+0.020%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,358.4−0.018%$80.0M$68.4M75xas long as short
Bybit PAXGUSDTlong+0.0100%4h4,359.2long leg$15.2M$3.6M75x
MEXC PAXG_USDT+0.0100%4h4,357.1−0.049%$16.1M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,361+0.041%$27.0M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,360+0.019%$9.9M$13.9M50xas long as short
BingX PAXG-USDT+0.0100%4h4,359.7+0.012%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,359.9+0.015%$1.4M$955K50xas long as short
Variational Omni PAXG+0.0100%4h4,358.1−0.026%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,360.1+0.020%$1.6M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,357.2−0.046%$263K$795K50xas long as short
Orderly PERP_PAXG_USDC_mythosshort+0.0100%4h4,358.5−0.016%$55910x
Phemex PAXGUSDT+0.0100%4h4,356−0.073%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,357.5−0.039%$378K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0152%1h4,359.7+0.010%$48K$139K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,359.1−0.003%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0286%1h4,360.2+0.022%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,362.5+0.077%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1040%1h4,369.8+0.243%$29K$23K10xas long as short