Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against Orderly+0.041%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Gate

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.041% dearer against Orderly than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PAXG_USDC_mythos	4,360.9	0.0100	pay 0.0050% / 4h	4m 34s	$560	—	10x
Short	Gate PAXG_USDT	4,362.7	0	get 0.0000% / 8h	4m 34s	$15.8M	$3.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee OrderlybpFee GatebpOrdersPrice spread, now +0.041%Rate

Funding earned: −$21
Price spread: +0.041% → 0.000%: $4.13
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$37.87
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 4 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	0.92 bp	10.7 bp −$11	14.5 bp −$145	24.4 bp −$2,441	57.4 bp −$28.7K

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PAXG/USDC PERP	−0.0007%	1h	4,347.3	−0.312%	$1K	$151K	30x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,362.4	+0.034%	$102K	$12K	5x	as long as short
Gate PAXG_USDTshort	0.0000%	8h	4,362.7	+0.041%	$15.8M	$3.7M	100x
SunX PAXG-USDT	0.0000%	4h	4,357.2	−0.086%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,364.8	+0.091%	$7.9M	$866K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,366.5	+0.129%	$911K	$650K	75x	as long as short
Lighter PAXG	+0.0096%	1h	4,359.9	−0.024%	$1.4M	$272K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,360.1	−0.018%	$81K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,360.8	−0.002%	$20.5M	$1.9M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,361.7	+0.018%	$910K	$30K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PAXG	+0.0100%	1h	4,361.8	+0.021%	$1.0M	$363K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,362.3	+0.031%	$80.1M	$69.8M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,363.3	+0.054%	$15.2M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,358.6	−0.054%	$16.2M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,363.5	+0.059%	$28.4M	$5.7M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,362	+0.025%	$9.6M	$14.9M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,361.2	+0.007%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,361.8	+0.021%	$1.4M	$972K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,362.5	+0.036%	$12.5M	$104K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,362.3	+0.031%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,360.9	+0.001%	$264K	$795K	50x	as long as short
Orderly PERP_PAXG_USDC_mythoslong	+0.0100%	4h	4,360.9	long leg	$560	—	10x
Phemex PAXGUSDT	+0.0100%	4h	4,359	−0.044%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,359.9	−0.022%	$379K	$1.2M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0160%	1h	4,362.1	+0.028%	$48K	$143K	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,361.5	+0.013%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0285%	1h	4,362.5	+0.037%	$1.3M	$1.5M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0296%	1h	4,367.6	+0.154%	$976K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0960%	1h	4,372	+0.255%	$29K	$23K	10x	as long as short