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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h +0.018%
Price spread now: GRVT against Gate−0.018%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$320.319% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.150%+$15 on $10k
Price spread, last 7 days−0.039%−$4 · spread now −0.018%, 7d avg −0.054%
Together, before fees+0.110%+ Points / potential airdropGRVT: Active · farm board+$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.036% dearer against Gate than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.054%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours. Mind the row above: over the last 7 days funding on this pair paid +0.150%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PAXG_USDT4,324.90get 0.0000% / 8h1h 59m$15.6M$3.7M100x
ShortGRVT PAXG_USDT_Perp4,324.1−0.0076pay 0.0038% / 4h1h 59m$1.5M$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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: −0.018% → −0.054%
$3.61
Slippage, 4 orders
−$7.89
Fee Gate: 7.5 bp × 2 orders
−$15
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$44.24
Costs to cover
0.319%
Break-even
never at this rate
Slippage from Gate: 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 Gate live order book, 4 min ago0.93 bp10.1 bp −$1013.0 bp −$13027.0 bp −$2,69760.2 bp −$30.1K
Sell GRVT live order book, 4 min ago0.01 bp4.5 bp −$56.0 bp −$60doesn'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
Lighter PAXG−0.0136%1h4,320.5−0.102%$1.4M$392K25xas long as short
Hibachi PAXG/USDT-P−0.0128%1h4,322.9−0.046%$42K$165K20xas long as short
Kraken Futures PF_PAXGUSD−0.0102%1h4,324.3−0.013%$1.2M$1.9M20xas long as short
GRVT PAXG_USDT_Perpshort−0.0076%4h4,324.1−0.018%$1.5M$2.0M10x
ApeX Omni PAXGUSDT−0.0001%1h4,323.5−0.033%$261K$782K50xas long as short
dYdX PAXG-USD0.0000%1h4,325.2+0.008%$101K$12K5xas long as short
Gate PAXG_USDTlong0.0000%8h4,324.9long leg$15.6M$3.7M100x
SunX PAXG-USDT0.0000%4h4,320.5−0.102%$2K$3.4M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,328+0.072%$7.9M$835K50xas long as short
HTX PAXG-USDT0.0000%4h4,328.8+0.090%$902K$747K75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PAXG-USD+0.0008%1h4,321.2−0.086%$376K$1.4M25xas long as short
Binance PAXGUSDT+0.0009%4h4,322.3−0.059%$79.7M$74.2M75xas long as short
MEXC PAXG_USDT+0.0010%4h4,324.6−0.007%$16.5M$1.0M100xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.518%$1K$151K30xas long as short
Aster PAXGUSDT+0.0034%4h4,324.4−0.011%$902K$27K50xas long as short
Paradex PAXG-USD-PERP+0.0098%8h4,322.5−0.056%$81K$3.2M50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,323.4−0.035%$55510xas long as short
Hyperliquid PAXG+0.0100%1h4,322.4−0.058%$20.7M$2.4M10xas long as short
Pacifica PAXG+0.0100%1h4,324.5−0.009%$1.0M$320K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,323.3−0.037%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,324.8−0.003%$28.5M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,322.4−0.058%$9.3M$16.1M50xas long as short
BingX PAXG-USDT+0.0100%4h4,323.7−0.028%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,324.5−0.009%$1.3M$811K50xas long as short
Variational Omni PAXG+0.0100%4h4,323.7−0.029%$12.3M$221Kas long as short
Phemex PAXGUSDT+0.0100%4h4,321−0.090%$1.5M$46K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,323.6−0.030%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0248%1h4,333.5+0.198%$978K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0776%1h4,333.1+0.190%$29K$24K10xas long as short