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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Aster against Extended+0.036%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$150.148% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.036%, 7d avg +0.056%
Together, before fees+0.048%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$5 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: Aster is 0.020% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PAXG-USD4,349.10.0104pay 0.0013% / 1h12m 05s$378K$1.2M25x
ShortAster PAXGUSDT4,350.70.0100get 0.0050% / 4h1h 12m$908K$27K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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
−$0.84
Price spread: +0.036% → +0.056%
−$2.01
Slippage, 4 orders
−$1.77
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$17.61
Costs to cover
0.148%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; Aster: live order book, 6 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 Extended live order book, 1 min ago0.12 bp2.7 bp −$34.1 bp −$41doesn't fitdoesn't fit
Sell Aster live order book, 6 min ago0.01 bp4.4 bp −$44.8 bp −$48doesn'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-USD0.0000%1h4,347.3−0.043%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,353.1+0.091%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,344.3−0.111%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,353.5+0.101%$7.9M$865K50xas long as short
HTX PAXG-USDT0.0000%4h4,352.3+0.072%$910K$645K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.042%$1K$151K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,352.7+0.081%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,350+0.020%$1.4M$273K25xas long as short
Hibachi PAXG/USDT-P+0.0096%1h4,350+0.020%$47K$139K20xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,349.4+0.006%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,350.9+0.040%$20.4M$1.8M10xas long as short
Aster PAXGUSDTshort+0.0100%4h4,350.7+0.036%$908K$27K50x
Pacifica PAXG+0.0100%1h4,350.6+0.034%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,351.5+0.055%$80.1M$67.1M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,353.1+0.092%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,347−0.049%$16.0M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,352.5+0.078%$26.9M$5.2M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,351.2+0.047%$9.3M$13.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,351.3+0.049%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,351.8+0.061%$1.4M$954K50xas long as short
Variational Omni PAXG+0.0100%4h4,348.2−0.021%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,348.2−0.022%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,347.5−0.039%$263K$797K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,348.8−0.008%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,348−0.026%$1.5M$38K50xas long as short
Extended PAXG-USDlong+0.0104%1h4,349.1long leg$378K$1.2M25x
Reya PAXGRUSDPERP+0.0189%1h4,349.8+0.016%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,351.8+0.062%$975K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1320%1h4,360.5+0.261%$29K$22K10xas long as short