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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Pacifica against Hyperliquid+0.022%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.195% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 7 days+0.017%+$2 · spread now +0.022%, 7d avg +0.022%
Together, before fees+0.066%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PAXG4,336.80.0100pay 0.0013% / 1h9m 42s$20.3M$1.9M10x
ShortPacifica PAXG4,337.80.0100get 0.0013% / 1h9m 42s$1.0M$353K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.022% → +0.022%
−$0.01
Slippage, 4 orders
−$2.52
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$19.54
Costs to cover
0.195%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Pacifica: live order book, 4 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, 3 min ago0.12 bp4.6 bp −$57.3 bp −$73doesn't fitdoesn't fit
Sell Pacifica live order book, 4 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
Injective PAXG/USDC PERP−0.0102%1h4,337+0.005%$1K$121K30xas long as short
Hibachi PAXG/USDT-P−0.0048%1h4,337.4+0.013%$41K$156K20xas long as short
dYdX PAXG-USD0.0000%1h4,336.2−0.013%$101K$18K5xas long as short
Gate PAXG_USDT0.0000%8h4,339.3+0.058%$15.7M$4.3M100xas long as short
SunX PAXG-USDT0.0000%4h4,333.5−0.076%$2K$4.1M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,341.2+0.101%$7.9M$837K50xas long as short
HTX PAXG-USDT0.0000%4h4,341.1+0.098%$906K$662K75xas long as short
Lighter PAXG+0.0096%1h4,335.8−0.024%$1.4M$521K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,336.7−0.002%$80K$3.7M50xas long as short
Hyperliquid PAXGlong+0.0100%1h4,336.8long leg$20.3M$1.9M10x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,336.8−0.001%$906K$76K50xas long as short
Pacifica PAXGshort+0.0100%1h4,337.8+0.022%$1.0M$353K10x
Binance PAXGUSDT+0.0100%4h4,336.7−0.003%$79.9M$69.9M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,336.7−0.002%$14.8M$3.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,338.8+0.047%$15.9M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,338.6+0.041%$26.7M$5.4M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,337.3+0.011%$9.2M$14.2M50xas long as short
BingX PAXG-USDT+0.0100%4h4,336.9+0.001%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,338.6+0.041%$1.4M$1.3M50xas long as short
Variational Omni PAXG+0.0100%4h4,336.9+0.002%$12.4M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,337.1+0.006%$1.5M$2.1M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,335.9−0.022%$262K$795K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,336.80.000%$55610xas long as short
Phemex PAXGUSDT+0.0100%4h4,335−0.042%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,336.3−0.013%$377K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,337.4+0.013%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0212%1h4,338.7+0.043%$1.3M$1.5M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0312%1h4,341.6+0.112%$998K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1544%1h4,354.8+0.415%$29K$21K10xas long as short