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+0.0100%/8h= +10.9% APRpaid last 24h +0.017%
Price spread now: ApeX Omni against HTX−0.145%7-day average −0.175% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$480.480% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$5 on $10k
Price spread, last 3 days (all we have)−0.054%−$5 · spread now −0.145%, 7d avg −0.175%
Together, before fees−0.009%−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.030% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.175%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PAXG-USDT4,356.10get 0.0000% / 4h3h 10m$905K$646K75x
ShortApeX Omni PAXGUSDT4,349.80.0100get 0.0013% / 1h10m 30s$263K$786K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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
$21
Price spread: −0.145% → −0.175%
$2.97
Slippage, 4 orders
−$25.99
Fee HTX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$24.03
Costs to cover
0.480%
Break-even
15.0 days
Slippage from HTX: live order book, 63 min ago; ApeX Omni: live order book, 63 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 HTX live order book, 63 min ago0.01 bp20.4 bp −$2027.3 bp −$273doesn't fitdoesn't fit
Sell ApeX Omni live order book, 63 min ago2.77 bp8.0 bp −$876.1 bp −$761doesn'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%1h4,350.8−0.123%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,353.6−0.058%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,347.5−0.197%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,354.5−0.038%$7.9M$875K50xas long as short
HTX PAXG-USDTlong0.0000%4h4,356.1long leg$905K$646K75x
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.203%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0046%4h4,350−0.142%$1.5M$2.0M10xas long as short
Lighter PAXG+0.0096%1h4,350.2−0.135%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,350.6−0.127%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,351.5−0.107%$20.7M$2.1M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,351.8−0.099%$908K$29K50xas long as short
Pacifica PAXG+0.0100%1h4,352.3−0.088%$1.0M$366K10xas long as short
Binance PAXGUSDT+0.0100%4h4,351.3−0.111%$80.3M$70.9M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,353−0.072%$15.1M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,351.2−0.113%$16.2M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,353.2−0.067%$28.4M$5.5M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,352.3−0.088%$9.7M$15.1M50xas long as short
BingX PAXG-USDT+0.0100%4h4,352.2−0.091%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,351.6−0.104%$1.4M$845K50xas long as short
Variational Omni PAXG+0.0100%4h4,351.6−0.103%$12.5M$104Kas long as short
ApeX Omni PAXGUSDTshort+0.0100%1h4,349.8−0.145%$263K$786K50x
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,350.6−0.127%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,348−0.187%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,350.4−0.131%$382K$1.4M25xas long as short
Hibachi PAXG/USDT-P+0.0136%1h4,351.4−0.108%$42K$148K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,351.8−0.099%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0208%1h4,351.9−0.097%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0304%1h4,356.6+0.011%$973K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0984%1h4,362+0.135%$29K$23K10xas long as short