Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.035%

Price spread now: Reya against HTX−0.066%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

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

Funding pays, the price is against you. Reya is 0.066% cheaper against HTX than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 28 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PAXG-USDT	4,350.5	0	get 0.0000% / 4h	1h 29m	$909K	$653K	75x
Short	Reya PAXGRUSDPERP	4,347.6	0.0189	get 0.0024% / 1h	29m 02s	$21K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee HTXbpFee ReyabpOrdersPrice spread, now −0.066%Rate

Funding earned: $39.79
Price spread: −0.066% → 0.000%: −$6.56
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $15.22
Costs to cover: 0.180%
Break-even: 4.3 days

Slippage unknown: HTX: live order book, 55 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 HTX live order book, 55 min ago	1.75 bp	19.2 bp −$19	21.5 bp −$215	doesn't fit	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
dYdX PAXG-USD	0.0000%	1h	4,347.3	−0.074%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,349.4	−0.024%	$15.8M	$3.6M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,342.1	−0.193%	$2K	$4.0M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,351.5	+0.024%	$7.9M	$865K	50x	as long as short
HTX PAXG-USDTlong	0.0000%	4h	4,350.5	long leg	$909K	$653K	75x
Injective PAXG/USDC PERP	+0.0033%	1h	4,337	−0.309%	$1K	$121K	30x	as long as short
Hibachi PAXG/USDT-P	+0.0064%	1h	4,347.2	−0.075%	$47K	$139K	20x	as long as short
Kraken Futures PF_PAXGUSD	+0.0080%	1h	4,349.4	−0.024%	$1.3M	$1.4M	20x	as long as short
Lighter PAXG	+0.0096%	1h	4,346.7	−0.086%	$1.4M	$273K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,347	−0.079%	$80K	$3.7M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	4,347.7	−0.063%	$20.3M	$1.9M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,347.6	−0.065%	$907K	$27K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,348.3	−0.050%	$1.0M	$348K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,347.6	−0.065%	$80.1M	$67.3M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,348.4	−0.048%	$15.2M	$3.5M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,345	−0.125%	$16.0M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,349.6	−0.020%	$26.8M	$5.2M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,348.1	−0.054%	$9.3M	$13.3M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,347.4	−0.070%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,348.2	−0.051%	$1.4M	$954K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,346.3	−0.095%	$12.5M	$114K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,346.6	−0.089%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,346.1	−0.100%	$263K	$797K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,347	−0.079%	$558	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,343	−0.171%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,346.8	−0.084%	$378K	$1.2M	25x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,347.6	−0.066%	$21K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0320%	1h	4,351.8	+0.031%	$975K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1432%	1h	4,364.1	+0.314%	$29K	$21K	10x	as long as short