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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.027%
Price spread now: Aster against Deribit−0.083%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$260.259% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.179%+$18 on $10k
Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.083%, 7d avg −0.044%
Together, before fees+0.203%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.038% cheaper against Deribit than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.044%). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit PAXG_USDC-PERPETUAL4,353.30get 0.0000% / 1h28m 47s$7.9M$873K50x
ShortAster PAXGUSDT4,349.70.0100get 0.0050% / 4h2h 28m$907K$29K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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
$21
Price spread: −0.083% → −0.044%
−$3.83
Slippage, 4 orders
−$10.88
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Aster: 4 bp × 2 orders
−$8
Net
−$8.71
Costs to cover
0.259%
Break-even
9.9 days
Slippage from Deribit: live order book, just now; Aster: live order book, 39 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 Deribit live order book, just now3.79 bp7.5 bp −$813.1 bp −$131doesn't fitdoesn't fit
Sell Aster live order book, 39 min ago0.01 bp5.0 bp −$58.5 bp −$85doesn'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
dYdX PAXG-USD0.0000%1h4,351.5−0.040%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,352−0.029%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,346.8−0.148%$2K$3.8M20xas long as short
Deribit PAXG_USDC-PERPETUALlong0.0000%1h4,353.3long leg$7.9M$873K50x
HTX PAXG-USDT0.0000%4h4,354.2+0.022%$906K$633K75xas long as short
Hibachi PAXG/USDT-P+0.0032%1h4,350.6−0.061%$42K$160K20xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.137%$1K$151K30xas long as short
Lighter PAXG+0.0096%1h4,349.3−0.092%$1.4M$304K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,348.7−0.106%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,349.6−0.085%$20.7M$2.1M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDTshort+0.0100%4h4,349.7−0.083%$907K$29K50x
Pacifica PAXG+0.0100%1h4,350.7−0.059%$1.0M$364K10xas long as short
Binance PAXGUSDT+0.0100%4h4,349.1−0.097%$80.2M$70.6M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,350.8−0.057%$15.2M$3.5M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,350.1−0.072%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,351.9−0.032%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,350−0.076%$9.6M$15.1M50xas long as short
BingX PAXG-USDT+0.0100%4h4,350.4−0.066%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,350.3−0.069%$1.4M$799K50xas long as short
Variational Omni PAXG+0.0100%4h4,351.2−0.048%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,350.8−0.057%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,349.1−0.097%$263K$788K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,352.4−0.020%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,349−0.098%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,347.8−0.125%$380K$1.4M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,351.2−0.048%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0247%1h4,350.4−0.067%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0312%1h4,356.3+0.069%$972K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1000%1h4,362.4+0.209%$29K$23K10xas long as short