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 −0.016%
Price spread now: GRVT against Extended−0.075%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$160.160% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 4 days (all we have)+0.396%+$40 · spread now −0.075%, 7d avg +0.063%
Together, before fees+0.418%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$42 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: GRVT is 0.139% cheaper against Extended than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PAXG-USD4,353.70.0104pay 0.0013% / 1h9m 23s$378K$1.2M25x
ShortGRVT PAXG_USDT_Perp4,350.50.0100get 0.0050% / 4h1h 09m$1.6M$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: −0.075% → +0.063%
−$13.87
Slippage, 4 orders
−$2.03
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$30.74
Costs to cover
0.160%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; GRVT: live order book, 4 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, 4 min ago0.12 bp2.7 bp −$34.1 bp −$41doesn't fitdoesn't fit
Sell GRVT live order book, 4 min ago0.01 bp4.5 bp −$54.6 bp −$4612.6 bp −$1,260doesn'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%1h4,354.3+0.013%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,356.8+0.070%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,348.3−0.125%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,358.5+0.109%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,355.7+0.044%$911K$646K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.148%$1K$151K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,355.8+0.047%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,353.1−0.016%$1.4M$273K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,354.2+0.010%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,354.8+0.024%$20.4M$1.8M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,355.1+0.032%$909K$27K50xas long as short
Pacifica PAXG+0.0100%1h4,354.6+0.020%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,354.9+0.027%$80.2M$67.2M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,355.5+0.041%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,350.7−0.070%$15.9M$1.3M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,356.1+0.054%$26.9M$5.2M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,355.3+0.035%$9.2M$13.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,354.7+0.022%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,355+0.029%$1.4M$955K50xas long as short
Variational Omni PAXG+0.0100%4h4,352.6−0.027%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perpshort+0.0100%4h4,350.5−0.075%$1.6M$1.9M10x
ApeX Omni PAXGUSDT+0.0100%1h4,350−0.087%$263K$796K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,354.5+0.018%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,351−0.063%$1.5M$38K50xas long as short
Extended PAXG-USDlong+0.0104%1h4,353.7long leg$378K$1.2M25x
Hibachi PAXG/USDT-P+0.0104%1h4,353.8+0.001%$47K$139K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,354.7+0.022%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,351.8−0.044%$975K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1296%1h4,365.4+0.268%$29K$22K10xas long as short