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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.037%
Price spread now: Extended against dYdX+0.038%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$430.430% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.201%+$20 on $10k
Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.038%, 7d avg −0.049%
Together, before fees+0.100%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.087% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX PAXG-USD4,340.80get 0.0000% / 1h36m 41s$101K$12K5x
ShortExtended PAXG-USD4,342.40.0104get 0.0013% / 1h36m 41s$382K$1.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$21.84
Price spread: +0.038% → −0.049%
$8.71
Slippage, 4 orders
−$27.99
Fee dYdX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$12.44
Costs to cover
0.430%
Break-even
11.0 days
Slippage from dYdX: live order book, 27 min ago; Extended: live order book, 2 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, 27 min ago13.82 bp18.8 bp −$1933.8 bp −$338233.1 bp −$23.3K1113.0 bp −$556.5K
Sell Extended live order book, 2 min ago0.12 bp2.7 bp −$34.1 bp −$41doesn'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%1h4,340.8long leg$101K$12K5x
Gate PAXG_USDT0.0000%8h4,344.9+0.095%$15.6M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,337.9−0.067%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,345.6+0.110%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,346.9+0.142%$904K$656K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.150%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0048%4h4,341.5+0.016%$1.5M$1.9M10xas long as short
Hibachi PAXG/USDT-P+0.0048%1h4,342.1+0.031%$42K$154K20xas long as short
ApeX Omni PAXGUSDT+0.0066%1h4,340.7−0.002%$263K$789K50xas long as short
Lighter PAXG+0.0096%1h4,342.1+0.030%$1.4M$340K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PAXG-USD-PERP+0.0100%8h4,343+0.050%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,343.9+0.071%$20.8M$2.3M10xas long as short
Aster PAXGUSDT+0.0100%4h4,343.8+0.068%$906K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,344.1+0.076%$1.0M$340K10xas long as short
Binance PAXGUSDT+0.0100%4h4,343.2+0.055%$80.1M$70.5M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,344.7+0.089%$15.0M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,343.8+0.068%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,345.3+0.104%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,344.5+0.085%$9.6M$14.9M50xas long as short
BingX PAXG-USDT+0.0100%4h4,343.8+0.070%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,343.8+0.070%$1.3M$802K50xas long as short
Variational Omni PAXG+0.0100%4h4,338.4−0.055%$12.4M$104Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,340.5−0.007%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,339−0.041%$1.5M$39K50xas long as short
Extended PAXG-USDshort+0.0104%1h4,342.4+0.038%$382K$1.4M25x
Kraken Futures PF_PAXGUSD+0.0173%1h4,343.6+0.064%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,342.6+0.041%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.205%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0992%1h4,353.8+0.300%$29K$23K10xas long as short