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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0536%/8h= +58.7% APRnext payment +$0.67 per $10,000 · paid last 24h +0.179%
Price spread now: 01 Exchange against Coinbase International−0.081%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. 01 Exchange is 0.081% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$16 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International PAXG-PERP-INTX4,347.50.0248pay 0.0031% / 1h36m 07s$956K$1.1M50x
Short01 Exchange PAXGUSD4,3440.0784get 0.0098% / 1h36m 07s$29K$24K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Coinbase International. 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
$112.56
Price spread: −0.081% → 0.000%
−$8.14
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$87.42
Costs to cover
0.170%
Break-even
1.6 days
Slippage unknown: Coinbase International: live order book, 2 min ago; 01 Exchange: 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 Coinbase International live order book, 2 min ago2.03 bp7.0 bp −$710.6 bp −$106doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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−0.0168%1h4,334.2−0.308%$44K$160K20xas long as short
Lighter PAXG−0.0104%1h4,328.5−0.438%$1.4M$384K25xas long as short
Kraken Futures PF_PAXGUSD−0.0101%1h4,330−0.403%$1.2M$1.5M20xas long as short
ApeX Omni PAXGUSDT−0.0025%1h4,335−0.288%$262K$782K50xas long as short
dYdX PAXG-USD0.0000%1h4,338−0.219%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,331.6−0.367%$15.6M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,325.9−0.498%$2K$3.4M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,333.5−0.322%$7.9M$843K50xas long as short
HTX PAXG-USDT0.0000%4h4,338−0.220%$903K$702K75xas long as short
GRVT PAXG_USDT_Perp+0.0028%4h4,336.6−0.253%$1.5M$1.9M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.006%$1K$151K30xas long as short
Extended PAXG-USD+0.0040%1h4,328.5−0.437%$379K$1.4M25xas long as short
Binance PAXGUSDT+0.0042%4h4,329.9−0.405%$80.0M$71.2M75xas long as short
MEXC PAXG_USDT+0.0042%4h4,333.6−0.320%$16.1M$1.0M100xas long as short
Hyperliquid PAXG+0.0069%1h4,330.5−0.392%$20.7M$2.3M10xas long as short
Aster PAXGUSDT+0.0073%4h4,332.5−0.346%$904K$26K50xas long as short
Paradex PAXG-USD-PERP+0.0099%8h4,333.3−0.329%$81K$3.4M50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,330.6−0.390%$55610xas long as short
Pacifica PAXG+0.0100%1h4,335.1−0.286%$1.0M$348K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,330.4−0.394%$14.9M$3.9M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,332.4−0.348%$28.5M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,330.8−0.385%$9.7M$15.4M50xas long as short
BingX PAXG-USDT+0.0100%4h4,331−0.380%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,330.7−0.387%$1.3M$798K50xas long as short
Variational Omni PAXG+0.0100%4h4,342.2−0.122%$12.3M$222Kas long as short
Phemex PAXGUSDT+0.0100%4h4,330−0.403%$1.5M$33K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,329.4−0.417%$20K100xas long as short
Coinbase International PAXG-PERP-INTXlong+0.0248%1h4,347.5long leg$956K$1.1M50x
01 Exchange PAXGUSDshort+0.0784%1h4,344−0.081%$29K$24K10x