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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%
Price spread now: Variational Omni against Lighter−0.002%7-day average +0.005% · 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 3 days (all we have)+0.003%$0 on $10k
Price spread, last 7 days−0.060%−$6 · spread now −0.002%, 7d avg +0.005%
Together, before fees−0.057%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter PAXG4,338.50.0096pay 0.0012% / 1h39m 29s$1.4M$339K25x
ShortVariational Omni PAXG4,338.40.0100get 0.0050% / 4h1h 39m$12.4M$104K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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
$0.84
Price spread: −0.002% → +0.005%
−$0.67
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$0.17
Costs to cover
0.000%
Break-even
5.6 days
Slippage unknown: Lighter: live order book, 7 min ago; Variational Omni: RFQ quote, 5 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 Lighter live order book, 7 min ago1.14 bp1.2 bp −$12.4 bp −$2421.3 bp −$2,127doesn't fit
Sell Variational Omni RFQ quote, 5 min ago2.82 bpdoesn't fit6.9 bp −$69doesn't fitdoesn't fit

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%1h4,340.8+0.053%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,341.6+0.072%$15.6M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,334.4−0.094%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,342.6+0.095%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,344.8+0.146%$904K$652K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.203%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0048%4h4,339.2+0.017%$1.5M$1.9M10xas long as short
Hibachi PAXG/USDT-P+0.0048%1h4,339.3+0.019%$42K$154K20xas long as short
ApeX Omni PAXGUSDT+0.0058%1h4,338.7+0.005%$263K$789K50xas long as short
Lighter PAXGlong+0.0096%1h4,338.5long leg$1.4M$339K25x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PAXG-USD-PERP+0.0100%8h4,339+0.013%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,340.8+0.053%$20.7M$2.3M10xas long as short
Aster PAXGUSDT+0.0100%4h4,340+0.035%$905K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,340.9+0.055%$1.0M$340K10xas long as short
Binance PAXGUSDT+0.0100%4h4,340+0.035%$80.0M$70.6M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,340.8+0.053%$14.9M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,340.8+0.053%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,342.5+0.093%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,341+0.057%$9.6M$14.9M50xas long as short
BingX PAXG-USDT+0.0100%4h4,341+0.057%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,340+0.035%$1.3M$803K50xas long as short
Variational Omni PAXGshort+0.0100%4h4,338.4−0.002%$12.4M$104K
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,338.2−0.007%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,336−0.057%$1.5M$40K50xas long as short
Extended PAXG-USD+0.0104%1h4,338.8+0.008%$382K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,340.1+0.037%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,341+0.058%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.258%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1000%1h4,350.5+0.277%$29K$23K10xas long as short