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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: SunX against dYdX−0.147%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1021.015% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.042%+$4 on $10k
Price spread, last 3 days (all we have)+0.106%+$11 · spread now −0.147%, 7d avg −0.111%
Together, before fees+0.147%+$15 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: SunX is 0.036% cheaper against dYdX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.111%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX PAXG-USD4,336.40get 0.0000% / 1h9m 27s$101K$18K5x
ShortSunX PAXG-USDT4,3300get 0.0000% / 4h2h 09m$2K$4.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$0
Price spread: −0.147% → −0.111%
−$3.59
Slippage, 4 orders
−$83.52
Fee dYdX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$105.1
Costs to cover
1.015%
Break-even
never at this rate
Slippage from dYdX: live order book, 14 min ago; SunX: live order book, 8 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, 14 min ago13.84 bp18.8 bp −$1995.9 bp −$959266.6 bp −$26.7K1203.4 bp −$601.7K
Sell SunX live order book, 8 min ago21.54 bp25.5 bp −$2655.2 bp −$552doesn'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
Injective PAXG/USDC PERP−0.0101%1h4,337+0.015%$1K$121K30xas long as short
Hibachi PAXG/USDT-P−0.0064%1h4,333.9−0.056%$41K$150K20xas long as short
dYdX PAXG-USDlong0.0000%1h4,336.4long leg$101K$18K5x
Gate PAXG_USDT0.0000%8h4,336.3−0.001%$15.7M$4.3M100xas long as short
SunX PAXG-USDTshort0.0000%4h4,330−0.147%$2K$4.1M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,338.1+0.040%$7.9M$865K50xas long as short
HTX PAXG-USDT0.0000%4h4,338.7+0.054%$907K$661K75xas long as short
Lighter PAXG+0.0096%1h4,332.6−0.088%$1.4M$521K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,333.7−0.061%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,333.9−0.057%$20.2M$1.9M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,334.7−0.037%$905K$75K50xas long as short
Pacifica PAXG+0.0100%1h4,334.7−0.039%$1.0M$371K10xas long as short
Binance PAXGUSDT+0.0100%4h4,333.8−0.060%$79.8M$70.7M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,334.8−0.036%$15.1M$3.9M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,335−0.030%$15.9M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,336.1−0.006%$26.7M$5.5M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,334.2−0.049%$9.2M$14.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,334.9−0.034%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,335.5−0.019%$1.4M$1.3M50xas long as short
Variational Omni PAXG+0.0100%4h4,334.7−0.039%$12.4M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,334.6−0.042%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,332.6−0.086%$262K$798K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,334.1−0.052%$55610xas long as short
Phemex PAXGUSDT+0.0100%4h4,335−0.031%$1.5M$40K50xas long as short
Extended PAXG-USD+0.0104%1h4,333.3−0.071%$377K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,334.3−0.048%$20K100xas long as short
Kraken Futures PF_PAXGUSD+0.0224%1h4,334.7−0.038%$1.3M$1.6M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,337.8+0.033%$1.0M$1.1M50xas long as short
01 Exchange PAXGUSD+0.1440%1h4,353.4+0.393%$29K$21K10xas long as short