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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Hyperliquid against Pacifica−0.050%7-day average −0.022% · you buy dearer than you sell
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 7 days−0.049%−$5 on $10k
Price spread, last 7 days−0.011%−$1 · spread now −0.050%, 7d avg −0.022%
Together, before fees−0.060%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.028% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica PAXG4,352.90.0100pay 0.0013% / 1h32m 51s$1.0M$366K10x
ShortHyperliquid PAXG4,350.70.0100get 0.0013% / 1h32m 51s$20.7M$2.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: −0.050% → −0.022%
−$2.8
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$19.8
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 1 min ago; Hyperliquid: live order book, 10 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 Pacifica live order book, 1 min ago0.12 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago0.12 bp7.9 bp −$89.4 bp −$94doesn't fitdoesn'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
dYdX PAXG-USD0.0000%1h4,351.5−0.031%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,352.6−0.006%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,346.3−0.152%$2K$3.8M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,354.7+0.041%$7.9M$873K50xas long as short
HTX PAXG-USDT0.0000%4h4,354.7+0.041%$906K$635K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.128%$1K$151K30xas long as short
Hibachi PAXG/USDT-P+0.0040%1h4,353.1+0.004%$42K$160K20xas long as short
Lighter PAXG+0.0096%1h4,350.4−0.057%$1.4M$304K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,350.8−0.048%$80K$3.7M50xas long as short
Hyperliquid PAXGshort+0.0100%1h4,350.7−0.050%$20.7M$2.1M10x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,351−0.043%$908K$29K50xas long as short
Pacifica PAXGlong+0.0100%1h4,352.9long leg$1.0M$366K10x
Binance PAXGUSDT+0.0100%4h4,350.1−0.063%$80.2M$70.6M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,351.9−0.023%$15.2M$3.5M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,350.6−0.053%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,353+0.003%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,350.6−0.052%$9.6M$15.2M50xas long as short
BingX PAXG-USDT+0.0100%4h4,352.2−0.016%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,351.3−0.036%$1.4M$799K50xas long as short
Variational Omni PAXG+0.0100%4h4,350.1−0.064%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,352.8−0.002%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,351.9−0.022%$263K$788K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,351.7−0.027%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,349−0.089%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,349−0.089%$380K$1.4M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,350.9−0.045%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0247%1h4,352−0.020%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0312%1h4,356.3+0.078%$972K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1000%1h4,361.7+0.203%$29K$23K10xas long as short