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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0932%/8h= +102.1% APRpaid last 24h +0.223%
Price spread now: 01 Exchange against Orderly+0.246%7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and 01 Exchange is 0.246% dearer against Orderly than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_PAXG_USDC_mythos4,356.40.0100pay 0.0050% / 4h3h 37m$55910x
Short01 Exchange PAXGUSD4,367.10.1032get 0.0129% / 1h37m 48s$29K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$195.72
Price spread: +0.246% → 0.000%
$24.56
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$207.28
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell 01 Exchange no order-book sample
Orderly and 01 Exchange: 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%1h4,359.2+0.065%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,358.6+0.051%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,352.3−0.095%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,360.3+0.089%$7.9M$871K50xas long as short
HTX PAXG-USDT0.0000%4h4,363.9+0.173%$907K$661K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.209%$1K$151K30xas long as short
Lighter PAXG+0.0096%1h4,355.6−0.019%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,355.7−0.016%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,356.5+0.002%$20.8M$2.1M10xas long as short
Aster PAXGUSDT+0.0100%4h4,358.1+0.039%$909K$30K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,357.3+0.021%$1.0M$368K10xas long as short
Binance PAXGUSDT+0.0100%4h4,356.2−0.004%$80.2M$71.2M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,357.5+0.025%$15.1M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,357.4+0.023%$16.2M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,358.5+0.048%$28.4M$5.6M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,357+0.014%$9.7M$15.6M50xas long as short
BingX PAXG-USDT+0.0100%4h4,357+0.013%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,357.3+0.020%$1.4M$856K50xas long as short
Variational Omni PAXG+0.0100%4h4,359.4+0.068%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,361+0.106%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,356.1−0.007%$263K$785K50xas long as short
Orderly PERP_PAXG_USDC_mythoslong+0.0100%4h4,356.4long leg$55910x
Phemex PAXGUSDT+0.0100%4h4,355−0.032%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,355.3−0.025%$379K$1.6M25xas long as short
Hibachi PAXG/USDT-P+0.0128%1h4,357.5+0.025%$42K$157K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,357.4+0.022%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0208%1h4,357.2+0.018%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0304%1h4,366.2+0.224%$976K$1.1M50xas long as short
01 Exchange PAXGUSDshort+0.1032%1h4,367.1+0.246%$29K$23K10x