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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.004%
Price spread now: KuCoin against Extended+0.089%7-day average +0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$210.210% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.056%+$6 on $10k
Price spread, last 7 days+0.037%+$4 · spread now +0.089%, 7d avg +0.105%
Together, before fees+0.093%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.105%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PAXG-USD4,3260.0024pay 0.0003% / 1h58m 44s$375K$1.5M25x
ShortKuCoin PAXGUSDTM4,329.80.0100get 0.0050% / 4h2h 58m$28.9M$5.5M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$15.96
Price spread: +0.089% → +0.105%
−$1.56
Slippage, 4 orders
−$3.96
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$6.57
Costs to cover
0.210%
Break-even
9.9 days
Slippage from Extended: live order book, 5 min ago; KuCoin: live order book, 10 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, 5 min ago0.12 bp2.7 bp −$34.1 bp −$41doesn't fitdoesn't fit
Sell KuCoin live order book, 10 min ago0.21 bp7.7 bp −$815.4 bp −$154doesn'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-USD−0.0235%1h4,328.5+0.058%$115K$15K5xas long as short
Lighter PAXG−0.0088%1h4,325.7−0.007%$1.4M$500K25xas long as short
GRVT PAXG_USDT_Perp−0.0056%4h4,328.1+0.050%$1.5M$2.0M10xas long as short
Hibachi PAXG/USDT-P−0.0016%1h4,329.9+0.090%$43K$189K20xas long as short
Gate PAXG_USDT0.0000%8h4,329.4+0.079%$15.7M$3.9M100xas long as short
SunX PAXG-USDT0.0000%4h4,323.7−0.054%$2K$3.1M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,331.9+0.137%$7.9M$428K50xas long as short
HTX PAXG-USDT0.0000%4h4,332.4+0.149%$910K$823K75xas long as short
MEXC PAXG_USDT+0.0022%4h4,334.1+0.187%$16.6M$1.2M100xas long as short
Bitget PAXGUSDT+0.0022%4h4,326.5+0.011%$9.2M$16.3M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PAXG-USDlong+0.0024%1h4,326long leg$375K$1.5M25x
Binance PAXGUSDT+0.0025%4h4,327.4+0.034%$80.2M$82.1M75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.493%$1K$151K30xas long as short
ApeX Omni PAXGUSDT+0.0040%1h4,328.1+0.050%$262K$805K50xas long as short
Aster PAXGUSDT+0.0041%4h4,329+0.069%$906K$38K50xas long as short
Kraken Futures PF_PAXGUSD+0.0085%1h4,328.1+0.048%$1.2M$2.1M20xas long as short
Paradex PAXG-USD-PERP+0.0087%8h4,328+0.046%$80K$4.4M50xas long as short
Hyperliquid PAXG+0.0100%1h4,326.8+0.019%$21.3M$2.6M10xas long as short
Pacifica PAXG+0.0100%1h4,330.3+0.099%$1.0M$309K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,326.8+0.018%$15.0M$4.6M75xas long as short
KuCoin PAXGUSDTMshort+0.0100%4h4,329.8+0.089%$28.9M$5.5M30x
BingX PAXG-USDT+0.0100%4h4,328.4+0.055%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,327.3+0.031%$1.2M$860K50xas long as short
Variational Omni PAXG+0.0100%4h4,326.8+0.020%$12.2M$291Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,328.4+0.056%$55510xas long as short
Phemex PAXGUSDT+0.0100%4h4,322−0.092%$1.5M$80K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,327.9+0.044%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0232%1h4,330.6+0.107%$933K$1.0M50xas long as short
01 Exchange PAXGUSD+0.4408%1h4,387.1+1.413%$29K$24K10xas long as short