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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: ApeX Omni against Hyperliquid−0.027%85s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$260.260% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.027%, 7d avg −0.027%
Together, before fees+0.009%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PAXG4,345.60.0100pay 0.0013% / 1h42m 07s$20.3M$1.8M10x
ShortApeX Omni PAXGUSDT4,344.40.0100get 0.0013% / 1h42m 07s$263K$796K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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: −0.027% → −0.027%
$0.02
Slippage, 4 orders
−$6.96
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$25.94
Costs to cover
0.260%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; ApeX Omni: live order book, 42 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 Hyperliquid live order book, 11 min ago0.12 bp5.4 bp −$56.7 bp −$67doesn't fitdoesn't fit
Sell ApeX Omni live order book, 42 min ago2.54 bp7.8 bp −$878.7 bp −$787doesn'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%1h4,343.7−0.043%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,347.6+0.046%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,340−0.128%$2K$4.0M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,349+0.078%$7.9M$865K50xas long as short
HTX PAXG-USDT0.0000%4h4,347.8+0.051%$909K$655K75xas long as short
Hibachi PAXG/USDT-P+0.0032%1h4,346+0.009%$47K$142K20xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,337−0.198%$1K$121K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,347.4+0.041%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,344.5−0.025%$1.4M$273K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,344.7−0.022%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXGlong+0.0100%1h4,345.6long leg$20.3M$1.8M10x
Aster PAXGUSDT+0.0100%4h4,345.3−0.006%$907K$28K50xas long as short
Pacifica PAXG+0.0100%1h4,346.5+0.020%$1.0M$368K10xas long as short
Binance PAXGUSDT+0.0100%4h4,345.60.000%$80.0M$67.7M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,345.5−0.003%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,342.4−0.073%$16.0M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,347.6+0.045%$26.8M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,346.2+0.015%$9.3M$13.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,345.4−0.005%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,346.6+0.023%$1.4M$952K50xas long as short
Variational Omni PAXG+0.0100%4h4,345.3−0.006%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,346+0.010%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDTshort+0.0100%1h4,344.4−0.027%$263K$796K50x
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,345.2−0.009%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,340−0.129%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,344.8−0.018%$378K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,345.2−0.009%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,347.6+0.046%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1424%1h4,363.4+0.410%$29K$21K10xas long as short