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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: HTX against Deribit−0.016%7-day average +0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$520.515% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.121%+$12 on $10k
Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.016%, 7d avg +0.087%
Together, before fees+0.227%+$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.103% cheaper against Deribit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit PAXG_USDC-PERPETUAL4,333.40get 0.0000% / 1h27m 19s$7.9M$180K50x
ShortHTX PAXG-USDT4,332.80get 0.0000% / 4h1h 27m$912K$818K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$0
Price spread: −0.016% → +0.087%
−$10.28
Slippage, 4 orders
−$32.53
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
−$61.8
Costs to cover
0.515%
Break-even
never at this rate
Slippage from Deribit: live order book, 5 min ago; HTX: live order book, 19 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, 5 min ago4.79 bp8.3 bp −$814.4 bp −$144doesn't fitdoesn't fit
Sell HTX live order book, 19 min ago2.24 bp16.8 bp −$1719.7 bp −$19723.8 bp −$2,375doesn't fit

PAXG on 29 exchanges

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-USD−0.0362%1h4,329.2−0.097%$116K$16K5xas long as short
Gate PAXG_USDT0.0000%8h4,330.8−0.061%$15.7M$4.0M100xas long as short
SunX PAXG-USDT0.0000%4h4,326.3−0.165%$2K$2.7M20xas long as short
Deribit PAXG_USDC-PERPETUALlong0.0000%1h4,333.4long leg$7.9M$180K50x
HTX PAXG-USDTshort0.0000%4h4,332.8−0.016%$912K$818K75x
Lighter PAXG+0.0008%1h4,328.6−0.111%$1.4M$499K25xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.320%$1K$151K30xas long as short
Paradex PAXG-USD-PERP+0.0099%8h4,328.3−0.118%$80K$4.2M50xas long as short
Hyperliquid PAXG+0.0100%1h4,329.3−0.096%$21.3M$2.4M10xas long as short
Aster PAXGUSDT+0.0100%4h4,329.9−0.082%$906K$41K50xas long as short
Show all 29 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,331.3−0.050%$1.0M$329K10xas long as short
Binance PAXGUSDT+0.0100%4h4,329−0.103%$80.2M$81.4M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,330−0.079%$14.9M$4.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,333.1−0.009%$16.6M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,332.4−0.023%$28.8M$5.9M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,330.1−0.077%$9.2M$16.8M50xas long as short
BingX PAXG-USDT+0.0100%4h4,329.8−0.085%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,330.1−0.078%$1.2M$867K50xas long as short
Variational Omni PAXG+0.0100%4h4,329.2−0.097%$12.2M$278Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,330−0.079%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,328.9−0.105%$262K$797K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,328.7−0.109%$55510xas long as short
Phemex PAXGUSDT+0.0100%4h4,327−0.149%$1.5M$82K50xas long as short
Extended PAXG-USD+0.0104%1h4,328.8−0.106%$374K$1.5M25xas long as short
Kraken Futures PF_PAXGUSD+0.0187%1h4,330.6−0.067%$1.2M$2.1M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,328.3−0.119%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0264%1h4,337.6+0.096%$928K$1.1M50xas long as short
Hibachi PAXG/USDT-P+0.0328%1h4,331.2−0.052%$45K$180K20xas long as short
01 Exchange PAXGUSD+0.0968%1h4,340.5+0.163%$29K$23K10xas long as short