Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h +0.031%

Price spread now: Reya against MEXC−0.187%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Reya

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.187% cheaper against MEXC than usual: you would sell low and buy high (spread −0.187% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 3.5 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PAXG_USDT	4,309.8	0.0012	pay 0.0006% / 4h	3h 30m	$16.8M	$1.2M	100x
Short	Reya PAXGRUSDPERP	4,301.8	0.0189	get 0.0024% / 1h	30m 49s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee MEXCbpFee ReyabpOrdersPrice spread, now −0.187%Rate

Funding earned: $37.27
Price spread: −0.187% → 0.000%: −$18.66
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: $8.61
Costs to cover: 0.100%
Break-even: 5.4 days

Slippage unknown: MEXC: live order book, 3 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	0.36 bp	3.0 bp −$3	11.6 bp −$116	57.6 bp −$5,765	124.4 bp −$62.2K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PAXG	−0.0184%	1h	4,298.5	−0.262%	$1.4M	$620K	25x	as long as short
Hibachi PAXG/USDT-P	−0.0176%	1h	4,303.3	−0.151%	$41K	$174K	20x	as long as short
GRVT PAXG_USDT_Perp	−0.0144%	4h	4,304.1	−0.133%	$1.5M	$1.9M	10x	as long as short
Kraken Futures PF_PAXGUSD	−0.0097%	1h	4,304.1	−0.133%	$1.2M	$1.7M	20x	as long as short
dYdX PAXG-USD	−0.0012%	1h	4,306.3	−0.083%	$100K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,304.4	−0.126%	$15.6M	$3.8M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,298.5	−0.263%	$2K	$3.2M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,307.1	−0.063%	$7.9M	$599K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,309.5	−0.008%	$904K	$819K	75x	as long as short
MEXC PAXG_USDTlong	+0.0012%	4h	4,309.8	long leg	$16.8M	$1.2M	100x

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PAXGUSDT	+0.0013%	4h	4,300.3	−0.222%	$80.0M	$79.9M	75x	as long as short
Extended PAXG-USD	+0.0016%	1h	4,300.8	−0.209%	$374K	$1.5M	25x	as long as short
Aster PAXGUSDT	+0.0028%	4h	4,300.8	−0.209%	$898K	$35K	50x	as long as short
Bitget PAXGUSDT	+0.0028%	4h	4,301.5	−0.193%	$9.4M	$15.7M	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.869%	$1K	$151K	30x	as long as short
ApeX Omni PAXGUSDT	+0.0061%	1h	4,301.7	−0.188%	$261K	$772K	50x	as long as short
Paradex PAXG-USD-PERP	+0.0097%	8h	4,301.3	−0.197%	$81K	$4.4M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,300.9	−0.207%	$21.0M	$2.6M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,305.1	−0.110%	$1.0M	$304K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,300.6	−0.214%	$14.8M	$4.3M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,304.2	−0.130%	$28.6M	$5.4M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,303.3	−0.153%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,302.6	−0.169%	$1.2M	$859K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,301.7	−0.188%	$12.2M	$230K	—	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,302.6	−0.168%	$552	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,304	−0.135%	$1.5M	$67K	50x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,301.8	−0.187%	$20K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0232%	1h	4,309.3	−0.013%	$933K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.0840%	1h	4,314.2	+0.101%	$29K	$23K	10x	as long as short