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% APRnext payment +$0.13 per $10,000 · paid last 24h +0.036%
Price spread now: ApeX Omni against dYdX−0.007%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$530.534% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.221%+$22 on $10k
Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.007%, 7d avg −0.025%
Together, before fees+0.291%+$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX PAXG-USD4,343.80get 0.0000% / 1h1m 30s$101K$12K5x
ShortApeX Omni PAXGUSDT4,343.50.0100get 0.0013% / 1h1m 30s$263K$791K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. 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: −0.007% → −0.025%
$1.82
Slippage, 4 orders
−$33.43
Fee dYdX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$30.62
Costs to cover
0.534%
Break-even
17.2 days
Slippage from dYdX: live order book, 2 min ago; ApeX Omni: live order book, 67 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 dYdX live order book, 2 min ago13.82 bp18.8 bp −$1933.8 bp −$338233.1 bp −$23.3K1113.0 bp −$556.5K
Sell ApeX Omni live order book, 67 min ago2.61 bp7.9 bp −$879.8 bp −$798doesn'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-USDlong0.0000%1h4,343.8long leg$101K$12K5x
Gate PAXG_USDT0.0000%8h4,346.7+0.067%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,340.5−0.075%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,348.8+0.115%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,347.7+0.089%$904K$644K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.081%$1K$151K30xas long as short
Hibachi PAXG/USDT-P+0.0040%1h4,346.4+0.059%$42K$156K20xas long as short
GRVT PAXG_USDT_Perp+0.0062%4h4,345.8+0.047%$1.5M$2.0M10xas long as short
Lighter PAXG+0.0096%1h4,343.4−0.009%$1.4M$305K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,343.3−0.011%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,344.8+0.023%$20.7M$2.2M10xas long as short
Aster PAXGUSDT+0.0100%4h4,344+0.005%$906K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,345.4+0.036%$1.0M$342K10xas long as short
Binance PAXGUSDT+0.0100%4h4,344.1+0.008%$80.0M$70.7M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,345.4+0.037%$15.1M$3.5M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,344.8+0.024%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,346.8+0.070%$28.5M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,344.3+0.012%$9.6M$15.1M50xas long as short
BingX PAXG-USDT+0.0100%4h4,345.6+0.042%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,345.8+0.047%$1.3M$803K50xas long as short
Variational Omni PAXG+0.0100%4h4,344.6+0.018%$12.5M$109Kas long as short
ApeX Omni PAXGUSDTshort+0.0100%1h4,343.5−0.007%$263K$791K50x
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,344.9+0.025%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,344+0.005%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,342.6−0.028%$378K$1.4M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,344.7+0.021%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0247%1h4,345.9+0.048%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0312%1h4,348.8+0.115%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1000%1h4,354.6+0.249%$29K$23K10xas long as short