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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0927%/8h= +101.5% APRnext payment +$1.16 per $10,000 · paid last 24h +0.273%
Price spread now: 01 Exchange against Injective−0.405%7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. 01 Exchange is 0.405% cheaper against Injective than usual: you would sell low and buy high (spread −0.405% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 35 hours of funding at the current rate (+$28 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective PAXG/USDC PERP4,347.30.0033pay 0.0004% / 1h52m 00s$1K$151K30x
Short01 Exchange PAXGUSD4,329.70.0960get 0.0120% / 1h52m 00s$29K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$194.6
Price spread: −0.405% → 0.000%
−$40.48
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$147.1
Costs to cover
0.070%
Break-even
1.7 days
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample
Sell 01 Exchange no order-book sample
Injective and 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter PAXG−0.0024%1h4,317−0.697%$1.4M$495K25xas long as short
dYdX PAXG-USD−0.0004%1h4,321.5−0.593%$116K$16K5xas long as short
Gate PAXG_USDT0.0000%8h4,320.6−0.614%$15.6M$3.8M100xas long as short
SunX PAXG-USDT0.0000%4h4,313.8−0.771%$2K$2.6M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,321.9−0.584%$7.9M$203K50xas long as short
HTX PAXG-USDT0.0000%4h4,321.2−0.600%$910K$825K75xas long as short
Injective PAXG/USDC PERPlong+0.0033%1h4,347.3long leg$1K$151K30x
ApeX Omni PAXGUSDT+0.0047%1h4,318.9−0.652%$261K$798K50xas long as short
Paradex PAXG-USD-PERP+0.0099%8h4,317.8−0.679%$80K$4.2M50xas long as short
Hyperliquid PAXG+0.0100%1h4,318.5−0.662%$21.3M$2.5M10xas long as short
Show all 29 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,320−0.628%$903K$42K50xas long as short
Pacifica PAXG+0.0100%1h4,320.1−0.625%$1.0M$330K10xas long as short
Binance PAXGUSDT+0.0100%4h4,318.9−0.653%$80.2M$80.0M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,319.5−0.639%$14.8M$4.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,327.8−0.449%$16.5M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,321.5−0.594%$28.8M$6.0M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,318.8−0.656%$9.2M$16.7M50xas long as short
BingX PAXG-USDT+0.0100%4h4,319.9−0.629%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,319.2−0.647%$1.2M$859K50xas long as short
Variational Omni PAXG+0.0100%4h4,318.4−0.665%$12.2M$278Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,319.8−0.633%$1.5M$2.0M10xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,317.9−0.676%$55410xas long as short
Phemex PAXGUSDT+0.0100%4h4,320−0.628%$1.5M$82K50xas long as short
Extended PAXG-USD+0.0104%1h4,318.2−0.669%$376K$1.8M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,318.2−0.670%$20K100xas long as short
Hibachi PAXG/USDT-P+0.0192%1h4,319−0.651%$45K$178K20xas long as short
Kraken Futures PF_PAXGUSD+0.0263%1h4,319−0.651%$1.2M$2.1M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0280%1h4,331.7−0.359%$933K$1.0M50xas long as short
01 Exchange PAXGUSDshort+0.0960%1h4,329.7−0.405%$29K$23K10x