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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0808%/8h= +88.5% APRnext payment +$1.01 per $10,000 · paid last 24h +0.273%
Price spread now: 01 Exchange against dYdX+0.190%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and 01 Exchange is 0.190% dearer against dYdX than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX PAXG-USD4,310.30get 0.0000% / 1h45m 06s$101K$12K5x
Short01 Exchange PAXGUSD4,318.50.0808get 0.0101% / 1h45m 06s$29K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$169.68
Price spread: +0.190% → 0.000%
$18.98
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$171.66
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: dYdX: live order book, 54 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 54 min ago89.55 bp94.6 bp −$9594.6 bp −$94696.4 bp −$9,644638.6 bp −$319.3K
Sell 01 Exchange no order-book sample
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Lighter PAXG−0.0200%1h4,303.5−0.158%$1.4M$608K25xas long as short
Hibachi PAXG/USDT-P−0.0168%1h4,309.3−0.024%$42K$172K20xas long as short
Kraken Futures PF_PAXGUSD−0.0097%1h4,306.2−0.096%$1.2M$1.7M20xas long as short
GRVT PAXG_USDT_Perp−0.0074%4h4,310.7+0.009%$1.5M$1.9M10xas long as short
dYdX PAXG-USDlong0.0000%1h4,310.3long leg$101K$12K5x
Gate PAXG_USDT0.0000%8h4,308.2−0.049%$15.6M$3.8M100xas long as short
SunX PAXG-USDT0.0000%4h4,301.2−0.211%$2K$3.2M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,309.2−0.025%$7.9M$599K50xas long as short
HTX PAXG-USDT0.0000%4h4,312.6+0.052%$903K$811K75xas long as short
Extended PAXG-USD+0.0016%1h4,304.8−0.129%$377K$1.6M25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PAXGUSDT+0.0020%4h4,305.2−0.119%$80.1M$79.8M75xas long as short
MEXC PAXG_USDT+0.0020%4h4,314.1+0.087%$16.6M$1.2M100xas long as short
Aster PAXGUSDT+0.0030%4h4,306.1−0.098%$899K$32K50xas long as short
Bitget PAXGUSDT+0.0032%4h4,305−0.123%$9.4M$16.0M50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.858%$1K$151K30xas long as short
Paradex PAXG-USD-PERP+0.0096%8h4,307.7−0.060%$87K$4.1M50xas long as short
Hyperliquid PAXG+0.0100%1h4,305.3−0.116%$21.0M$2.5M10xas long as short
Pacifica PAXG+0.0100%1h4,309.8−0.012%$1.0M$304K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,305.9−0.103%$14.8M$4.3M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,308.3−0.046%$28.7M$5.4M30xas long as short
BingX PAXG-USDT+0.0100%4h4,308.8−0.036%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,305.4−0.114%$1.2M$856K50xas long as short
Variational Omni PAXG+0.0100%4h4,310−0.007%$12.2M$230Kas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,309.8−0.012%$261K$770K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,307.2−0.072%$55310xas long as short
Phemex PAXGUSDT+0.0100%4h4,306−0.100%$1.5M$66K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,306.4−0.092%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0232%1h4,309.1−0.028%$937K$1.0M50xas long as short
01 Exchange PAXGUSDshort+0.0808%1h4,318.5+0.190%$29K$23K10x