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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Pacifica−0.016%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$230.235% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.028%−$3 · spread now −0.016%, 7d avg −0.011%
Together, before fees−0.027%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica PAXG4,3430.0100pay 0.0013% / 1h28m 48s$1.0M$339K10x
ShortBybit PAXGUSDT4,342.30.0100get 0.0050% / 4h28m 48s$14.9M$3.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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: −0.016% → −0.011%
−$0.5
Slippage, 4 orders
−$4.46
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$23.96
Costs to cover
0.235%
Break-even
never at this rate
Slippage from Pacifica: live order book, 5 min ago; Bybit: 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 Pacifica live order book, 5 min ago0.12 bp4.5 bp −$4doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.12 bp7.4 bp −$79.5 bp −$9526.6 bp −$2,657doesn'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
Hibachi PAXG/USDT-P−0.0128%1h4,341.9−0.026%$43K$154K20xas long as short
dYdX PAXG-USD0.0000%1h4,341.9−0.026%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,343.5+0.012%$15.6M$3.3M100xas long as short
SunX PAXG-USDT0.0000%4h4,338.7−0.099%$2K$3.6M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,345.2+0.050%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,343.3+0.007%$905K$675K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.099%$1K$151K30xas long as short
Lighter PAXG+0.0064%1h4,340.5−0.059%$1.4M$347K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,341.6−0.032%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,342.4−0.014%$20.8M$2.4M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,343.8+0.017%$906K$30K50xas long as short
Pacifica PAXGlong+0.0100%1h4,343long leg$1.0M$339K10x
Binance PAXGUSDT+0.0100%4h4,341−0.045%$80.2M$70.4M75xas long as short
Bybit PAXGUSDTshort+0.0100%4h4,342.3−0.016%$14.9M$3.8M75x
MEXC PAXG_USDT+0.0100%4h4,342.5−0.012%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,345.2+0.051%$28.6M$5.4M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,342.7−0.007%$9.7M$14.8M50xas long as short
BingX PAXG-USDT+0.0100%4h4,342.1−0.020%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,341.9−0.026%$1.3M$804K50xas long as short
Variational Omni PAXG+0.0100%4h4,340.7−0.053%$12.4M$97Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,342.2−0.017%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,338.9−0.096%$262K$788K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,340.8−0.051%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,341−0.046%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,340.2−0.066%$379K$1.5M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,341.8−0.028%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0210%1h4,342.2−0.018%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,346.2+0.074%$968K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0864%1h4,352.3+0.214%$29K$23K10xas long as short