Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.057%

Price spread now: Reya against Gate−0.042%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.042% cheaper against Gate than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 18 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PAXG_USDT	4,339.2	0	get 0.0000% / 8h	2h 24m	$15.7M	$4.2M	100x
Short	Reya PAXGRUSDPERP	4,337.4	0.0189	get 0.0024% / 1h	24m 53s	$21K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee GatebpFee ReyabpOrdersPrice spread, now −0.042%Rate

Funding earned: $39.79
Price spread: −0.042% → 0.000%: −$4.21
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $14.58
Costs to cover: 0.210%
Break-even: 4.4 days

Slippage unknown: Gate: live order book, 4 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 4 min ago	1.04 bp	11.0 bp −$11	15.9 bp −$159	29.0 bp −$2,898	64.1 bp −$32.1K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PAXG/USDC PERP	−0.0101%	1h	4,337	−0.051%	$1K	$121K	30x	as long as short
Hibachi PAXG/USDT-P	−0.0032%	1h	4,337.4	−0.041%	$41K	$156K	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,339.9	+0.016%	$101K	$18K	5x	as long as short
Gate PAXG_USDTlong	0.0000%	8h	4,339.2	long leg	$15.7M	$4.2M	100x
SunX PAXG-USDT	0.0000%	4h	4,334.6	−0.106%	$2K	$4.1M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,341.3	+0.049%	$7.9M	$837K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,342	+0.063%	$906K	$657K	75x	as long as short
Lighter PAXG	+0.0096%	1h	4,336.1	−0.071%	$1.4M	$520K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,336.9	−0.053%	$80K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,337.3	−0.044%	$20.3M	$1.9M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PAXGUSDT	+0.0100%	4h	4,337.6	−0.036%	$906K	$76K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,338.3	−0.020%	$1.0M	$351K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,337.2	−0.045%	$79.9M	$70.1M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,337.5	−0.038%	$14.8M	$3.7M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,338.6	−0.015%	$15.9M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,339.4	+0.005%	$26.7M	$5.4M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,337.5	−0.040%	$9.2M	$14.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,337.8	−0.032%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,338.9	−0.007%	$1.4M	$1.3M	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,337.4	−0.042%	$12.4M	$114K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,337.7	−0.035%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,336.7	−0.057%	$262K	$798K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,337.1	−0.048%	$556	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,334	−0.120%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,336.7	−0.057%	$377K	$1.2M	25x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,337.4	−0.042%	$21K	—	100x
Kraken Futures PF_PAXGUSD	+0.0224%	1h	4,338.3	−0.020%	$1.3M	$1.5M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0320%	1h	4,343	+0.087%	$998K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1400%	1h	4,354.9	+0.362%	$29K	$21K	10x	as long as short