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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: HTX against Gate+0.112%50s7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$510.514% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.112%, 7d avg +0.092%
Together, before fees+0.094%+$9 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: HTX is 0.020% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.092%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PAXG_USDT4,358.30get 0.0000% / 8h7h 38m$15.7M$3.5M100x
ShortHTX PAXG-USDT4,363.20get 0.0000% / 4h3h 38m$907K$662K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$0
Price spread: +0.112% → +0.092%
$2
Slippage, 4 orders
−$24.38
Fee Gate: 7.5 bp × 2 orders
−$15
Fee HTX: 6 bp × 2 orders
−$12
Net
−$49.38
Costs to cover
0.514%
Break-even
never at this rate
Slippage from Gate: live order book, 5 min ago; HTX: live order book, 35 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, 5 min ago0.69 bp8.9 bp −$911.6 bp −$11627.5 bp −$2,74560.4 bp −$30.2K
Sell HTX live order book, 35 min ago0.01 bp11.5 bp −$1213.2 bp −$13216.5 bp −$1,655doesn'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%1h4,359.2+0.021%$102K$12K5xas long as short
Gate PAXG_USDTlong0.0000%8h4,358.3long leg$15.7M$3.5M100x
SunX PAXG-USDT0.0000%4h4,352−0.145%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,360+0.039%$7.9M$871K50xas long as short
HTX PAXG-USDTshort0.0000%4h4,363.2+0.112%$907K$662K75x
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.252%$1K$151K30xas long as short
Lighter PAXG+0.0096%1h4,355−0.075%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,355.7−0.060%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,357.3−0.023%$20.8M$2.1M10xas long as short
Aster PAXGUSDT+0.0100%4h4,357.9−0.010%$909K$30K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,357.3−0.023%$1.0M$368K10xas long as short
Binance PAXGUSDT+0.0100%4h4,357.1−0.027%$80.2M$71.2M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,358.1−0.005%$15.1M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,357.9−0.009%$16.2M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,359.1+0.019%$28.4M$5.6M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,357.4−0.021%$9.7M$15.6M50xas long as short
BingX PAXG-USDT+0.0100%4h4,357.5−0.018%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,356.9−0.033%$1.4M$856K50xas long as short
Variational Omni PAXG+0.0100%4h4,359.4+0.025%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,361+0.062%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,356.1−0.050%$263K$785K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,356.4−0.044%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,355−0.076%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,356.1−0.051%$381K$1.6M25xas long as short
Hibachi PAXG/USDT-P+0.0128%1h4,357.5−0.019%$42K$157K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,357.4−0.022%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0208%1h4,357−0.029%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0304%1h4,366.2+0.181%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1032%1h4,367.1+0.202%$29K$23K10xas long as short