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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.039%
Price spread now: Orderly against Hibachi+0.013%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi PAXG/USDT-P4,367.30.0136pay 0.0017% / 1h53m 24s$42K$155K20x
ShortOrderly PERP_PAXG_USDC_mythos4,367.80.0100get 0.0050% / 4h3h 53m$56010x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Hibachi. 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
−$7.56
Price spread: +0.013% → 0.000%
$1.26
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$21.3
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Hibachi: live order book, 20 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi live order book, 20 min ago0.14 bp14.6 bp −$1549.9 bp −$499doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PAXG-USD0.0000%1h4,367.1−0.003%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,369.8+0.058%$15.8M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,362.1−0.119%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,370.3+0.071%$8.0M$871K50xas long as short
HTX PAXG-USDT0.0000%4h4,369.2+0.045%$912K$657K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.457%$1K$151K30xas long as short
Lighter PAXG+0.0096%1h4,366.7−0.014%$1.4M$265K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,367.2−0.002%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,367.7+0.010%$20.7M$2.0M10xas long as short
Aster PAXGUSDT+0.0100%4h4,368.5+0.029%$911K$30K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,368.5+0.029%$1.0M$365K10xas long as short
Binance PAXGUSDT+0.0100%4h4,368+0.016%$80.3M$70.8M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,369.1+0.041%$15.2M$3.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,365.6−0.039%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,370.4+0.073%$28.5M$5.6M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,368.6+0.030%$9.7M$15.4M50xas long as short
BingX PAXG-USDT+0.0100%4h4,368.4+0.025%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,367.7+0.009%$1.4M$973K50xas long as short
Variational Omni PAXG+0.0100%4h4,369.4+0.048%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,369.6+0.054%$1.6M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,367.7+0.010%$264K$793K50xas long as short
Orderly PERP_PAXG_USDC_mythosshort+0.0100%4h4,367.8+0.013%$56010x
Phemex PAXGUSDT+0.0100%4h4,362−0.120%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,367.1−0.004%$379K$1.2M25xas long as short
Hibachi PAXG/USDT-Plong+0.0136%1h4,367.3long leg$42K$155K20x
Reya PAXGRUSDPERP+0.0189%1h4,368.1+0.020%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0208%1h4,367.6+0.009%$1.3M$1.5M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0304%1h4,371.6+0.099%$977K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1016%1h4,378.5+0.258%$29K$23K10xas long as short