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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: ApeX Omni against Orderly+0.009%50s7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_PAXG_USDC_mythos4,3470.0100pay 0.0050% / 4h1h 27m$55810x
ShortApeX Omni PAXGUSDT4,347.40.0100get 0.0013% / 1h27m 30s$263K$797K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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: +0.009% → 0.000%
$0.92
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$15.08
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 56 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 Orderly no order-book sample
Sell ApeX Omni live order book, 56 min ago2.54 bp7.8 bp −$878.7 bp −$787doesn't fitdoesn't fit
Orderly: 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
dYdX PAXG-USD0.0000%1h4,347.3+0.006%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,349.6+0.060%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,342.1−0.113%$2K$4.0M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,351.6+0.107%$7.9M$865K50xas long as short
HTX PAXG-USDT0.0000%4h4,350.4+0.078%$909K$652K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,337−0.230%$1K$121K30xas long as short
Hibachi PAXG/USDT-P+0.0072%1h4,348+0.023%$47K$139K20xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,349.2+0.050%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,346.6−0.009%$1.4M$273K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,347.2+0.004%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,347.9+0.021%$20.3M$1.9M10xas long as short
Aster PAXGUSDT+0.0100%4h4,348+0.024%$907K$27K50xas long as short
Pacifica PAXG+0.0100%1h4,348.6+0.037%$1.0M$348K10xas long as short
Binance PAXGUSDT+0.0100%4h4,347.7+0.015%$80.1M$67.3M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,348.4+0.031%$15.2M$3.5M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,345.1−0.045%$16.0M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,349.6+0.060%$26.8M$5.2M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,347.4+0.009%$9.3M$13.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,347.5+0.012%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,348.3+0.030%$1.4M$954K50xas long as short
Variational Omni PAXG+0.0100%4h4,346.3−0.016%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,348.1+0.024%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDTshort+0.0100%1h4,347.4+0.009%$263K$797K50x
Orderly PERP_PAXG_USDC_mythoslong+0.0100%4h4,347long leg$55810x
Phemex PAXGUSDT+0.0100%4h4,345−0.046%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,346.9−0.002%$378K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,347.3+0.007%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,351.8+0.111%$975K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1440%1h4,364.6+0.405%$29K$21K10xas long as short