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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.1316%/8h= +144.1% APRnext payment +$1.64 per $10,000 · paid last 24h +0.206%
Price spread now: 01 Exchange against Hyperliquid+0.415%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and 01 Exchange is 0.415% dearer against Hyperliquid than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PAXG4,336.80.0100pay 0.0013% / 1h44m 34s$20.3M$1.9M10x
Short01 Exchange PAXGUSD4,354.80.1416get 0.0177% / 1h44m 34s$29K$21K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$276.36
Price spread: +0.415% → 0.000%
$41.51
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$301.87
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago0.12 bp4.8 bp −$57.9 bp −$79doesn'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
Injective PAXG/USDC PERP−0.0101%1h4,337+0.005%$1K$121K30xas long as short
Hibachi PAXG/USDT-P−0.0024%1h4,338.2+0.033%$41K$156K20xas long as short
dYdX PAXG-USD0.0000%1h4,339.9+0.071%$101K$18K5xas long as short
Gate PAXG_USDT0.0000%8h4,339.3+0.058%$15.7M$4.2M100xas long as short
SunX PAXG-USDT0.0000%4h4,333.7−0.073%$2K$4.1M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,341.1+0.100%$7.9M$837K50xas long as short
HTX PAXG-USDT0.0000%4h4,341.8+0.114%$906K$660K75xas long as short
Lighter PAXG+0.0096%1h4,336.1−0.017%$1.4M$520K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,336.7−0.003%$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%4h4,336.80.000%$906K$76K50xas long as short
Pacifica PAXG+0.0100%1h4,338.3+0.035%$1.0M$354K10xas long as short
Binance PAXGUSDT+0.0100%4h4,336.5−0.006%$79.9M$70.1M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,337.6+0.018%$14.8M$3.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,338.3+0.035%$15.9M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,339.1+0.052%$26.7M$5.4M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,337.1+0.006%$9.2M$14.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,337.9+0.026%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,338.3+0.036%$1.4M$1.3M50xas long as short
Variational Omni PAXG+0.0100%4h4,338.6+0.041%$12.4M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,338.7+0.043%$1.5M$2.1M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,337+0.005%$262K$798K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,337.1+0.007%$55610xas long as short
Phemex PAXGUSDT+0.0100%4h4,335−0.042%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,336.1−0.017%$377K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,336.80.000%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0224%1h4,337.9+0.026%$1.3M$1.5M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,341.6+0.112%$998K$1.1M50xas long as short
01 Exchange PAXGUSDshort+0.1416%1h4,354.8+0.415%$29K$21K10x