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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%
Price spread now: ApeX Omni against GRVT−0.012%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$250.253% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.012%, 7d avg −0.031%
Together, before fees−0.022%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT PAXG_USDT_Perp4,346.60.0100pay 0.0050% / 4h1h 28m$1.5M$2.0M10x
ShortApeX Omni PAXGUSDT4,346.10.0100get 0.0013% / 1h28m 59s$263K$797K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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: −0.012% → −0.031%
$1.98
Slippage, 4 orders
−$6.3
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$23.32
Costs to cover
0.253%
Break-even
never at this rate
Slippage from GRVT: live order book, 4 min ago; ApeX Omni: live order book, 55 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 GRVT live order book, 4 min ago0.01 bp5.1 bp −$57.7 bp −$77433.7 bp −$43.4Kdoesn't fit
Sell ApeX Omni live order book, 55 min ago2.54 bp7.8 bp −$878.7 bp −$787doesn'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-USD0.0000%1h4,347.3+0.015%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,349.4+0.065%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,342.1−0.104%$2K$4.0M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,351.5+0.113%$7.9M$865K50xas long as short
HTX PAXG-USDT0.0000%4h4,350.5+0.089%$909K$653K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,337−0.220%$1K$121K30xas long as short
Hibachi PAXG/USDT-P+0.0064%1h4,347.2+0.014%$47K$139K20xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,349.4+0.065%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,346.7+0.003%$1.4M$273K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,347+0.010%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,347.7+0.026%$20.3M$1.9M10xas long as short
Aster PAXGUSDT+0.0100%4h4,347.6+0.024%$907K$27K50xas long as short
Pacifica PAXG+0.0100%1h4,348.3+0.039%$1.0M$348K10xas long as short
Binance PAXGUSDT+0.0100%4h4,347.6+0.024%$80.1M$67.3M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,348.4+0.041%$15.2M$3.5M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,345−0.036%$16.0M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,349.6+0.069%$26.8M$5.2M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,348.1+0.035%$9.3M$13.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,347.4+0.019%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,348.2+0.037%$1.4M$954K50xas long as short
Variational Omni PAXG+0.0100%4h4,346.3−0.006%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perplong+0.0100%4h4,346.6long leg$1.5M$2.0M10x
ApeX Omni PAXGUSDTshort+0.0100%1h4,346.1−0.012%$263K$797K50x
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,347+0.010%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,343−0.082%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,346.8+0.005%$378K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,347.6+0.023%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,351.8+0.121%$975K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1432%1h4,364.1+0.403%$29K$21K10xas long as short