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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.023%
Price spread now: ApeX Omni against Injective+0.203%7-day average −0.104% · 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 7 days+0.051%+$5 on $10k
Price spread, last 3 days (all we have)−0.348%−$35 · spread now +0.203%, 7d avg −0.104%
Together, before fees−0.298%−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.307% dearer against Injective than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.104%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective PAXG/USDC PERP4,347.30.0033pay 0.0004% / 1h38m 08s$1K$151K30x
ShortApeX Omni PAXGUSDT4,356.10.0100get 0.0013% / 1h38m 08s$263K$785K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
$14
Price spread: +0.203% → −0.104%
$30.66
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$34.64
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 36 min ago. 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 Injective no order-book sample
Sell ApeX Omni live order book, 36 min ago2.77 bp8.0 bp −$876.1 bp −$761doesn't fitdoesn't fit
Injective: 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
dYdX PAXG-USD0.0000%1h4,359.2+0.274%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,358.3+0.253%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,352.3+0.114%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,360.3+0.298%$7.9M$871K50xas long as short
HTX PAXG-USDT0.0000%4h4,363.9+0.382%$907K$661K75xas long as short
Injective PAXG/USDC PERPlong+0.0033%1h4,347.3long leg$1K$151K30x
Lighter PAXG+0.0096%1h4,355.6+0.190%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,355.7+0.193%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,357.3+0.230%$20.8M$2.1M10xas long as short
Aster PAXGUSDT+0.0100%4h4,358.4+0.256%$909K$30K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,357.3+0.230%$1.0M$368K10xas long as short
Binance PAXGUSDT+0.0100%4h4,357+0.223%$80.2M$71.2M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,358.1+0.248%$15.1M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,357.6+0.237%$16.2M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,359+0.268%$28.4M$5.6M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,356.7+0.217%$9.7M$15.6M50xas long as short
BingX PAXG-USDT+0.0100%4h4,357+0.222%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,357.3+0.229%$1.4M$856K50xas long as short
Variational Omni PAXG+0.0100%4h4,359.4+0.278%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,361+0.315%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDTshort+0.0100%1h4,356.1+0.203%$263K$785K50x
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,356.4+0.209%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,355+0.177%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,356.1+0.202%$381K$1.6M25xas long as short
Hibachi PAXG/USDT-P+0.0128%1h4,357.5+0.234%$42K$157K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,357.4+0.231%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0208%1h4,357.2+0.227%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0304%1h4,366.2+0.434%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1032%1h4,367.1+0.455%$29K$23K10xas long as short