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 −0.002%
Price spread now: Bitget against Extended+0.026%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$240.236% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.026%, 7d avg +0.046%
Together, before fees+0.006%+ Points / potential airdropExtended: Active · farm board+$1 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: Bitget 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 +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PAXG-USD4,341.60.0104pay 0.0013% / 1h52m 37s$377K$1.2M25x
ShortBitget PAXGUSDT4,342.70.0100get 0.0050% / 4h1h 52m$9.2M$13.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.026% → +0.046%
−$2
Slippage, 4 orders
−$6.6
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$26.45
Costs to cover
0.236%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; Bitget: live order book, 1 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 Bitget live order book, 1 min ago0.01 bp8.6 bp −$912.2 bp −$122doesn'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%1h4,343.7+0.050%$101K$13K5xas long as short
Gate PAXG_USDT0.0000%8h4,345+0.079%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,337.7−0.089%$2K$4.0M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,346+0.103%$7.9M$865K50xas long as short
HTX PAXG-USDT0.0000%4h4,346+0.102%$909K$656K75xas long as short
Hibachi PAXG/USDT-P+0.0008%1h4,343.6+0.047%$47K$146K20xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,337−0.105%$1K$121K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,343.6+0.046%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,341.4−0.004%$1.4M$273K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,342+0.009%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,342.6+0.024%$20.3M$1.8M10xas long as short
Aster PAXGUSDT+0.0100%4h4,342.9+0.031%$907K$28K50xas long as short
Pacifica PAXG+0.0100%1h4,343.4+0.042%$1.0M$373K10xas long as short
Binance PAXGUSDT+0.0100%4h4,342.3+0.017%$80.0M$68.4M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,343.1+0.035%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,342.3+0.017%$15.9M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,344.4+0.066%$26.8M$5.3M30xas long as short
Bitget PAXGUSDTshort+0.0100%4h4,342.7+0.026%$9.2M$13.3M50x
BingX PAXG-USDT+0.0100%4h4,343.3+0.039%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,343.5+0.044%$1.4M$955K50xas long as short
Variational Omni PAXG+0.0100%4h4,343.3+0.040%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,344.2+0.061%$1.5M$2.1M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,342.7+0.026%$263K$798K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,343+0.033%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,339−0.059%$1.5M$38K50xas long as short
Extended PAXG-USDlong+0.0104%1h4,341.6long leg$377K$1.2M25x
Reya PAXGRUSDPERP+0.0189%1h4,342.4+0.018%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,347.6+0.139%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1464%1h4,359.8+0.420%$29K$21K10xas long as short