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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%
Price spread now: dYdX against HTX−0.117%7-day average −0.142% · you buy dearer than you sell
Net, funding: paid 7d − costs−$240as in the Funding arb table
Net, price: spread back to 7d avg − costs−$220as in the Price arb table
costs, in and out, $10k−$2232.228% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.172%−$17 on $10k
Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.117%, 7d avg −0.142%
Together, before fees−0.220%−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.025% dearer against HTX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.142%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PAXG-USDT4,3110get 0.0000% / 4h3h 55m$904K$803K75x
ShortdYdX PAXG-USD4,3060get 0.0000% / 1h55m 57s$100K$12K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$0
Price spread: −0.117% → −0.142%
$2.46
Slippage, 4 orders
−$200.78
Fee HTX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$220.32
Costs to cover
2.228%
Break-even
never at this rate
Slippage from HTX: live order book, 43 min ago; dYdX: live order book, 43 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, 43 min ago1.02 bp20.6 bp −$2124.5 bp −$245doesn't fitdoesn't fit
Sell dYdX live order book, 43 min ago89.55 bp94.6 bp −$95140.9 bp −$1,409236.9 bp −$23.7K698.1 bp −$349.0K

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
GRVT PAXG_USDT_Perp−0.0326%4h4,301.6−0.218%$1.5M$1.9M10xas long as short
Lighter PAXG−0.0304%1h4,302.2−0.205%$1.4M$605K25xas long as short
Hibachi PAXG/USDT-P−0.0160%1h4,304.8−0.144%$41K$171K20xas long as short
Kraken Futures PF_PAXGUSD−0.0097%1h4,303.7−0.169%$1.2M$1.7M20xas long as short
dYdX PAXG-USDshort0.0000%1h4,306−0.117%$100K$12K5x
Gate PAXG_USDT0.0000%8h4,305.3−0.133%$15.6M$3.7M100xas long as short
SunX PAXG-USDT0.0000%4h4,299.3−0.271%$2K$3.2M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,307.3−0.086%$7.9M$599K50xas long as short
HTX PAXG-USDTlong0.0000%4h4,311long leg$904K$803K75x
ApeX Omni PAXGUSDT+0.0015%1h4,300.7−0.240%$260K$771K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PAXG-USD+0.0016%1h4,301.6−0.218%$377K$1.6M25xas long as short
MEXC PAXG_USDT+0.0018%4h4,309.5−0.036%$16.6M$1.1M100xas long as short
Binance PAXGUSDT+0.0019%4h4,303.5−0.174%$80.2M$79.3M75xas long as short
Aster PAXGUSDT+0.0028%4h4,303.3−0.180%$898K$32K50xas long as short
Bitget PAXGUSDT+0.0030%4h4,303.4−0.177%$9.4M$16.0M50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.841%$1K$151K30xas long as short
Bybit PAXGUSDT+0.0044%4h4,304.3−0.156%$14.9M$4.2M75xas long as short
Hyperliquid PAXG+0.0065%1h4,303.6−0.172%$20.9M$2.5M10xas long as short
BingX PAXG-USDT+0.0092%4h4,304.5−0.152%$6.8Mas long as short
Paradex PAXG-USD-PERP+0.0095%8h4,303.6−0.172%$85K$4.1M50xas long as short
Pacifica PAXG+0.0100%1h4,305.8−0.121%$1.0M$304K10xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,305.6−0.125%$28.5M$5.3M30xas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,304−0.163%$1.2M$856K50xas long as short
Variational Omni PAXG+0.0100%4h4,301.5−0.222%$12.2M$230Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,303.4−0.177%$55210xas long as short
Phemex PAXGUSDT+0.0100%4h4,302−0.209%$1.5M$66K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,302.4−0.200%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0232%1h4,307.2−0.088%$938K$1.0M50xas long as short
01 Exchange PAXGUSD+0.0848%1h4,314.8+0.087%$29K$23K10xas long as short