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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0744%/8h= +81.5% APRnext payment +$0.93 per $10,000 · paid last 24h +0.233%
Price spread now: 01 Exchange against Extended+0.357%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and 01 Exchange is 0.357% dearer against Extended than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PAXG-USD4,328.50.0040pay 0.0005% / 1h36m 10s$379K$1.4M25x
Short01 Exchange PAXGUSD4,3440.0784get 0.0098% / 1h36m 10s$29K$24K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$156.24
Price spread: +0.357% → 0.000%
$35.71
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$179.95
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Extended: live order book, 2 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 2 min ago0.12 bp2.7 bp −$34.1 bp −$41doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hibachi PAXG/USDT-P−0.0168%1h4,334.2+0.130%$44K$160K20xas long as short
Lighter PAXG−0.0104%1h4,328.5−0.001%$1.4M$384K25xas long as short
Kraken Futures PF_PAXGUSD−0.0101%1h4,330+0.034%$1.2M$1.5M20xas long as short
ApeX Omni PAXGUSDT−0.0025%1h4,335+0.149%$262K$782K50xas long as short
dYdX PAXG-USD0.0000%1h4,338+0.218%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,331.6+0.071%$15.6M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,325.9−0.061%$2K$3.4M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,333.5+0.115%$7.9M$843K50xas long as short
HTX PAXG-USDT0.0000%4h4,338+0.218%$903K$702K75xas long as short
GRVT PAXG_USDT_Perp+0.0028%4h4,336.6+0.185%$1.5M$1.9M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.433%$1K$151K30xas long as short
Extended PAXG-USDlong+0.0040%1h4,328.5long leg$379K$1.4M25x
Binance PAXGUSDT+0.0042%4h4,329.9+0.032%$80.0M$71.2M75xas long as short
MEXC PAXG_USDT+0.0042%4h4,333.6+0.117%$16.1M$1.0M100xas long as short
Hyperliquid PAXG+0.0069%1h4,330.5+0.045%$20.7M$2.3M10xas long as short
Aster PAXGUSDT+0.0073%4h4,332.5+0.091%$904K$26K50xas long as short
Paradex PAXG-USD-PERP+0.0099%8h4,333.3+0.109%$81K$3.4M50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,330.6+0.048%$55610xas long as short
Pacifica PAXG+0.0100%1h4,335.1+0.151%$1.0M$348K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,330.4+0.043%$14.9M$3.9M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,332.4+0.089%$28.5M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,330.8+0.053%$9.7M$15.4M50xas long as short
BingX PAXG-USDT+0.0100%4h4,331+0.057%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,330.7+0.050%$1.3M$798K50xas long as short
Variational Omni PAXG+0.0100%4h4,342.2+0.316%$12.3M$222Kas long as short
Phemex PAXGUSDT+0.0100%4h4,330+0.034%$1.5M$33K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,329.4+0.021%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0248%1h4,347.5+0.439%$956K$1.1M50xas long as short
01 Exchange PAXGUSDshort+0.0784%1h4,344+0.357%$29K$24K10x