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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0856%/8h= +93.7% APRpaid last 24h +0.250%
Price spread now: 01 Exchange against HTX+0.205%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and 01 Exchange is 0.205% dearer against HTX than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PAXG-USDT4,346.40get 0.0000% / 4h25m 41s$906K$680K75x
Short01 Exchange PAXGUSD4,355.30.0856get 0.0107% / 1h25m 41s$29K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$179.76
Price spread: +0.205% → 0.000%
$20.45
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$181.21
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: HTX: live order book, 33 min ago; 01 Exchange: 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 HTX live order book, 33 min ago3.35 bp18.4 bp −$1820.2 bp −$202doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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
Hibachi PAXG/USDT-P−0.0128%1h4,343.3−0.072%$42K$155K20xas long as short
dYdX PAXG-USD0.0000%1h4,345.5−0.021%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,346.1−0.007%$15.6M$3.3M100xas long as short
SunX PAXG-USDT0.0000%4h4,341.7−0.108%$2K$3.6M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,347.9+0.035%$7.9M$868K50xas long as short
HTX PAXG-USDTlong0.0000%4h4,346.4long leg$906K$680K75x
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.020%$1K$151K30xas long as short
Lighter PAXG+0.0048%1h4,343.5−0.067%$1.4M$357K25xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,343.5−0.067%$55710xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,344−0.054%$81K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,345.3−0.026%$20.8M$2.4M10xas long as short
Aster PAXGUSDT+0.0100%4h4,346.1−0.007%$907K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,346−0.009%$1.0M$339K10xas long as short
Binance PAXGUSDT+0.0100%4h4,343.8−0.060%$80.3M$70.7M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,345.1−0.030%$14.9M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,344.9−0.035%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,347.5+0.024%$28.6M$5.4M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,345.3−0.026%$9.7M$14.9M50xas long as short
BingX PAXG-USDT+0.0100%4h4,345.1−0.031%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,345.3−0.025%$1.3M$804K50xas long as short
Variational Omni PAXG+0.0100%4h4,344.3−0.047%$12.5M$97Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,342.2−0.096%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,341.4−0.116%$263K$788K50xas long as short
Phemex PAXGUSDT+0.0100%4h4,342−0.101%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,342.7−0.086%$379K$1.5M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,344.6−0.042%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0210%1h4,345.2−0.029%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,348.9+0.058%$968K$1.1M50xas long as short
01 Exchange PAXGUSDshort+0.0856%1h4,355.3+0.205%$29K$23K10x