Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0293%/8h= +32.1% APRpaid last 24h +0.039%

Price spread now: Reya against GRVT−0.029%64s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Reya

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 days—no price history on both exchanges yet

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

Funding pays, the price is against you. Reya is 0.029% cheaper against GRVT than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day). The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT PAXG_USDT_Perp	4,323.3	−0.0104	get 0.0052% / 4h	38m 06s	$1.5M	$2.0M	10x
Short	Reya PAXGRUSDPERP	4,322	0.0189	get 0.0024% / 1h	38m 06s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee GRVTbpFee ReyabpOrdersPrice spread, now −0.029%Rate

Funding earned: $61.63
Price spread: −0.029% → 0.000%: −$2.9
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $43.73
Costs to cover: 0.150%
Break-even: 2.0 days

Slippage unknown: GRVT: live order book, 5 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 GRVT live order book, 5 min ago	0.01 bp	6.0 bp −$6	9.7 bp −$97	7943.0 bp −$794.3K	doesn't fit
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
Lighter PAXG	−0.0176%	1h	4,320.1	−0.075%	$1.4M	$482K	25x	as long as short
GRVT PAXG_USDT_Perplong	−0.0104%	4h	4,323.3	long leg	$1.5M	$2.0M	10x
Hibachi PAXG/USDT-P	−0.0096%	1h	4,322	−0.029%	$41K	$168K	20x	as long as short
Kraken Futures PF_PAXGUSD	−0.0055%	1h	4,322.3	−0.022%	$1.2M	$1.8M	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,321.4	−0.043%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,323.9	+0.014%	$15.6M	$3.6M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,319.2	−0.094%	$2K	$3.2M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,326.1	+0.066%	$7.9M	$659K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,325.8	+0.058%	$903K	$783K	75x	as long as short
MEXC PAXG_USDT	+0.0012%	4h	4,327.6	+0.099%	$16.7M	$1.0M	100x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PAXGUSDT	+0.0012%	4h	4,322.1	−0.027%	$79.8M	$74.0M	75x	as long as short
Extended PAXG-USD	+0.0016%	1h	4,321	−0.052%	$376K	$1.6M	25x	as long as short
Aster PAXGUSDT	+0.0021%	4h	4,321.9	−0.033%	$902K	$29K	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.555%	$1K	$151K	30x	as long as short
Bitget PAXGUSDT	+0.0078%	4h	4,321.9	−0.033%	$9.4M	$15.9M	50x	as long as short
ApeX Omni PAXGUSDT	+0.0081%	1h	4,322.3	−0.023%	$262K	$775K	50x	as long as short
Paradex PAXG-USD-PERP	+0.0098%	8h	4,320.9	−0.055%	$85K	$3.5M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,321.4	−0.044%	$554	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,321.8	−0.035%	$20.8M	$2.4M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,323.3	−0.001%	$1.0M	$303K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,322.7	−0.013%	$14.9M	$4.0M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,324.2	+0.020%	$28.7M	$5.3M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,322.7	−0.014%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,322.3	−0.023%	$1.3M	$818K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,322.2	−0.025%	$12.3M	$223K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,323	−0.007%	$1.5M	$52K	50x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,322	−0.029%	$20K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0224%	1h	4,325.9	+0.061%	$950K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.0904%	1h	4,332.9	+0.222%	$29K	$23K	10x	as long as short