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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%
Price spread now: Pacifica against HTX−0.059%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$450.448% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.075%+$7 on $10k
Price spread, last 4 days (all we have)−0.201%−$20 · spread now −0.059%, 7d avg −0.131%
Together, before fees−0.126%+ Points / potential airdropPacifica: Active · farm board−$13 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 Pacifica is 0.073% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.131%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PAXG-USDT4,342.80get 0.0000% / 4h1h 42m$903K$652K75x
ShortPacifica PAXG4,340.20.0100get 0.0013% / 1h42m 27s$1.0M$340K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: −0.059% → −0.131%
$7.26
Slippage, 4 orders
−$24.8
Fee HTX: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$16.54
Costs to cover
0.448%
Break-even
12.5 days
Slippage from HTX: live order book, 21 min ago; Pacifica: live order book, 1 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, 21 min ago1.15 bp23.3 bp −$2325.1 bp −$251doesn't fitdoesn't fit
Sell Pacifica live order book, 1 min ago0.12 bp5.3 bp −$5doesn't fitdoesn'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%1h4,340.8−0.045%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,340.5−0.052%$15.7M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,333.7−0.208%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,342.5−0.006%$7.9M$868K50xas long as short
HTX PAXG-USDTlong0.0000%4h4,342.8long leg$903K$652K75x
ApeX Omni PAXGUSDT+0.0028%1h4,337.1−0.131%$262K$790K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.105%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0056%4h4,339.4−0.078%$1.5M$1.9M10xas long as short
Hibachi PAXG/USDT-P+0.0064%1h4,338.7−0.094%$42K$154K20xas long as short
Lighter PAXG+0.0096%1h4,337.8−0.114%$1.4M$339K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PAXG-USD-PERP+0.0100%8h4,337.9−0.111%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,338.9−0.089%$20.7M$2.3M10xas long as short
Aster PAXGUSDT+0.0100%4h4,340−0.064%$905K$30K50xas long as short
Pacifica PAXGshort+0.0100%1h4,340.2−0.059%$1.0M$340K10x
Binance PAXGUSDT+0.0100%4h4,338.1−0.107%$80.0M$70.6M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,339.3−0.079%$14.9M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,341−0.041%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,340.8−0.046%$28.5M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,339.3−0.079%$9.6M$15.0M50xas long as short
BingX PAXG-USDT+0.0100%4h4,339.5−0.076%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,339.8−0.068%$1.3M$802K50xas long as short
Variational Omni PAXG+0.0100%4h4,339.4−0.078%$12.4M$104Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,339.2−0.082%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,337−0.133%$1.5M$40K50xas long as short
Extended PAXG-USD+0.0104%1h4,337−0.133%$382K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,339.8−0.068%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,338.4−0.100%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.159%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0992%1h4,349.4+0.153%$29K$23K10xas long as short