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−0.0004%/8h= −0.4% APRpaid last 24h −0.002%
Price spread now: Binance against Extended+0.024%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$150.154% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 7 days−0.009%−$1 · spread now +0.024%, 7d avg +0.051%
Together, before fees−0.015%+ Points / potential airdropExtended: Active · farm board−$2 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: Binance is 0.027% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PAXG-USD4,3380.0104pay 0.0013% / 1h40m 13s$382K$1.4M25x
ShortBinance PAXGUSDT4,3390.0100get 0.0050% / 4h1h 40m$80.0M$70.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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: +0.024% → +0.051%
−$2.71
Slippage, 4 orders
−$0.38
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$18.93
Costs to cover
0.154%
Break-even
never at this rate
Slippage from Extended: live order book, 3 min ago; Binance: 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 Extended live order book, 3 min ago0.12 bp2.7 bp −$34.1 bp −$41doesn't fitdoesn't fit
Sell Binance live order book, 2 min ago0.01 bp5.0 bp −$56.3 bp −$6310.1 bp −$1,012doesn'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%1h4,340.8+0.064%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,341.3+0.076%$15.6M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,334.4−0.082%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,342.6+0.106%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,344.8+0.158%$904K$652K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.214%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0048%4h4,339.2+0.028%$1.5M$1.9M10xas long as short
Hibachi PAXG/USDT-P+0.0056%1h4,338.4+0.010%$42K$154K20xas long as short
ApeX Omni PAXGUSDT+0.0058%1h4,338.7+0.016%$263K$789K50xas long as short
Lighter PAXG+0.0096%1h4,338.3+0.006%$1.4M$339K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PAXG-USD-PERP+0.0100%8h4,338.2+0.004%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,339.4+0.032%$20.7M$2.3M10xas long as short
Aster PAXGUSDT+0.0100%4h4,340+0.046%$905K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,339.6+0.038%$1.0M$340K10xas long as short
Binance PAXGUSDTshort+0.0100%4h4,339+0.024%$80.0M$70.6M75x
Bybit PAXGUSDT+0.0100%4h4,340+0.046%$14.9M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,340.5+0.058%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,341.8+0.087%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,340.5+0.058%$9.6M$15.0M50xas long as short
BingX PAXG-USDT+0.0100%4h4,340+0.046%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,340+0.047%$1.3M$803K50xas long as short
Variational Omni PAXG+0.0100%4h4,338.4+0.009%$12.4M$104Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,338.2+0.004%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,336−0.046%$1.5M$40K50xas long as short
Extended PAXG-USDlong+0.0104%1h4,338long leg$382K$1.4M25x
Kraken Futures PF_PAXGUSD+0.0173%1h4,340.1+0.048%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,339.5+0.035%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.269%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0992%1h4,349.3+0.260%$29K$23K10xas long as short