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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin−0.064%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$290.287% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 7 days+0.017%+$2 · spread now −0.064%, 7d avg −0.030%
Together, before fees+0.016%+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.034% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PAXGUSDTM4,346.90.0100pay 0.0050% / 4h22m 38s$28.6M$5.4M30x
ShortBingX PAXG-USDT4,344.10.0100get 0.0050% / 4h22m 38s$6.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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: −0.064% → −0.030%
−$3.39
Slippage, 4 orders
−$6.7
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$32.09
Costs to cover
0.287%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 15 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 KuCoin live order book, 6 min ago0.70 bp8.2 bp −$825.6 bp −$256doesn't fitdoesn't fit
Sell BingX live order book, 15 min ago0.24 bp5.2 bp −$55.3 bp −$539.1 bp −$90623.2 bp −$11.6K

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
Hibachi PAXG/USDT-P−0.0128%1h4,344.5−0.055%$42K$155K20xas long as short
dYdX PAXG-USD0.0000%1h4,345.5−0.032%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,345.9−0.023%$15.6M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,340.7−0.142%$2K$3.6M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,347.2+0.008%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,345.9−0.022%$906K$679K75xas long as short
Lighter PAXG+0.0024%1h4,342.5−0.101%$1.4M$357K25xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.010%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0096%4h4,344.6−0.053%$1.5M$1.9M10xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,343.3−0.082%$55710xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PAXG-USD-PERP+0.0100%8h4,343.3−0.083%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,344.3−0.059%$20.8M$2.4M10xas long as short
Aster PAXGUSDT+0.0100%4h4,344.4−0.057%$906K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,345.3−0.036%$1.0M$339K10xas long as short
Binance PAXGUSDT+0.0100%4h4,343−0.089%$80.1M$70.7M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,344.6−0.052%$14.9M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,344.8−0.048%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTMlong+0.0100%4h4,346.9long leg$28.6M$5.4M30x
Bitget PAXGUSDT+0.0100%4h4,343.9−0.069%$9.7M$14.9M50xas long as short
BingX PAXG-USDTshort+0.0100%4h4,344.1−0.064%$6.8M
Backpack PAXG_USDC_PERP+0.0100%1h4,344.2−0.063%$1.3M$804K50xas long as short
Variational Omni PAXG+0.0100%4h4,344.3−0.058%$12.5M$97Kas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,343.8−0.071%$263K$787K50xas long as short
Phemex PAXGUSDT+0.0100%4h4,341−0.135%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,341.8−0.117%$379K$1.5M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,343.7−0.072%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0210%1h4,344.4−0.057%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,348.9+0.047%$968K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0848%1h4,354.8+0.182%$29K$23K10xas long as short