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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0828%/8h= +90.7% APRpaid last 24h +0.234%
Price spread now: 01 Exchange against KuCoin+0.229%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and 01 Exchange is 0.229% dearer against KuCoin than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PAXGUSDTM4,312.40.0100pay 0.0050% / 4h15m 48s$28.6M$5.3M30x
Short01 Exchange PAXGUSD4,322.30.0928get 0.0116% / 1h15m 48s$29K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$173.88
Price spread: +0.229% → 0.000%
$22.91
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$177.79
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago0.64 bp8.6 bp −$925.2 bp −$252doesn'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
Lighter PAXG−0.0192%1h4,308.6−0.089%$1.4M$496K25xas long as short
Hibachi PAXG/USDT-P−0.0144%1h4,312.7+0.006%$42K$170K20xas long as short
GRVT PAXG_USDT_Perp−0.0110%4h4,313.2+0.017%$1.5M$2.0M10xas long as short
Kraken Futures PF_PAXGUSD−0.0055%1h4,310.7−0.040%$1.2M$1.7M20xas long as short
dYdX PAXG-USD0.0000%1h4,313.4+0.022%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,312.7+0.006%$15.5M$3.7M100xas long as short
SunX PAXG-USDT0.0000%4h4,307.3−0.119%$2K$3.2M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,316+0.082%$7.9M$659K50xas long as short
HTX PAXG-USDT0.0000%4h4,316.6+0.096%$902K$795K75xas long as short
MEXC PAXG_USDT+0.0022%4h4,318.3+0.137%$16.6M$1.1M100xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PAXGUSDT+0.0023%4h4,310.4−0.046%$79.6M$76.0M75xas long as short
Extended PAXG-USD+0.0024%1h4,309.2−0.074%$376K$1.5M25xas long as short
Aster PAXGUSDT+0.0028%4h4,311.6−0.019%$899K$30K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.809%$1K$151K30xas long as short
ApeX Omni PAXGUSDT+0.0041%1h4,312.8+0.008%$261K$774K50xas long as short
Bitget PAXGUSDT+0.0056%4h4,310.1−0.053%$9.5M$15.9M50xas long as short
Paradex PAXG-USD-PERP+0.0097%8h4,311.2−0.029%$85K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,310.2−0.051%$20.7M$2.3M10xas long as short
Pacifica PAXG+0.0100%1h4,313+0.013%$1.0M$302K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,310.9−0.035%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTMlong+0.0100%4h4,312.4long leg$28.6M$5.3M30x
BingX PAXG-USDT+0.0100%4h4,311.9−0.012%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,310.8−0.037%$1.3M$834K50xas long as short
Variational Omni PAXG+0.0100%4h4,310.3−0.050%$12.2M$218Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,311.3−0.026%$55310xas long as short
Phemex PAXGUSDT+0.0100%4h4,312−0.010%$1.5M$53K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,310.8−0.037%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0224%1h4,316.2+0.087%$953K$1.0M50xas long as short
01 Exchange PAXGUSDshort+0.0928%1h4,322.3+0.229%$29K$23K10x