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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: Pacifica against MEXC−0.008%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$190.193% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 7 days+0.140%+$14 · spread now −0.008%, 7d avg −0.051%
Together, before fees+0.197%+ Points / potential airdropPacifica: Active · farm board+$20 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: Pacifica is 0.043% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PAXG_USDT4,338.80.0100pay 0.0050% / 4h2h 29m$15.9M$1.2M100x
ShortPacifica PAXG4,338.50.0100get 0.0013% / 1h29m 02s$1.0M$351K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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: −0.008% → −0.051%
$4.26
Slippage, 4 orders
−$7.3
Fee MEXC: 2 bp × 2 orders
−$4
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$15.04
Costs to cover
0.193%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; Pacifica: live order book, 5 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 MEXC live order book, 5 min ago2.14 bp4.7 bp −$531.6 bp −$31672.5 bp −$7,252147.3 bp −$73.6K
Sell Pacifica live order book, 5 min ago0.12 bp5.5 bp −$5doesn't fitdoesn'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
Injective PAXG/USDC PERP−0.0101%1h4,337−0.042%$1K$121K30xas long as short
Hibachi PAXG/USDT-P−0.0032%1h4,337.6−0.027%$41K$156K20xas long as short
dYdX PAXG-USD0.0000%1h4,339.9+0.025%$101K$18K5xas long as short
Gate PAXG_USDT0.0000%8h4,339.8+0.023%$15.7M$4.2M100xas long as short
SunX PAXG-USDT0.0000%4h4,334.8−0.094%$2K$4.1M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,341.4+0.059%$7.9M$837K50xas long as short
HTX PAXG-USDT0.0000%4h4,342.8+0.091%$907K$657K75xas long as short
Lighter PAXG+0.0096%1h4,336.5−0.054%$1.4M$520K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,337.1−0.039%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,337.9−0.021%$20.3M$1.9M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,337.6−0.028%$906K$76K50xas long as short
Pacifica PAXGshort+0.0100%1h4,338.5−0.008%$1.0M$351K10x
Binance PAXGUSDT+0.0100%4h4,337.5−0.030%$79.9M$70.0M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,337.9−0.022%$14.8M$3.7M75xas long as short
MEXC PAXG_USDTlong+0.0100%4h4,338.8long leg$15.9M$1.2M100x
KuCoin PAXGUSDTM+0.0100%4h4,339.5+0.015%$26.7M$5.4M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,338.1−0.017%$9.2M$14.2M50xas long as short
BingX PAXG-USDT+0.0100%4h4,338.1−0.016%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,338.7−0.004%$1.4M$1.3M50xas long as short
Variational Omni PAXG+0.0100%4h4,337.1−0.041%$12.4M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,337.4−0.033%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,335.6−0.074%$262K$797K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,337.4−0.033%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,335−0.088%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,337−0.041%$377K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,337.8−0.023%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0224%1h4,338.9+0.001%$1.3M$1.5M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,343+0.096%$998K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1400%1h4,354.8+0.368%$29K$21K10xas long as short