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% APRpaid last 24h −0.002%
Price spread now: ApeX Omni against Paradex+0.062%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$240.243% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.062%, 7d avg 0.000%
Together, before fees−0.018%+ Points / potential airdropParadex: Active · farm board−$2 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: ApeX Omni is 0.062% dearer against Paradex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex PAXG-USD-PERP4,3500.0100pay 0.0100% / 8h6h 42m$80K$3.7M50x
ShortApeX Omni PAXGUSDT4,352.70.0100get 0.0013% / 1h42m 56s$263K$787K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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: +0.062% → 0.000%
$6.16
Slippage, 4 orders
−$10.27
Fee Paradex: 2 bp × 2 orders
−$4
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$18.11
Costs to cover
0.243%
Break-even
1657992.4 days
Slippage from Paradex: live order book, 1 min ago; ApeX Omni: live order book, 26 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 Paradex live order book, 1 min ago2.24 bp4.2 bp −$498.3 bp −$983doesn't fitdoesn't fit
Sell ApeX Omni live order book, 26 min ago2.61 bp7.9 bp −$879.8 bp −$798doesn'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%1h4,350.4+0.009%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,349.6−0.010%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,345.3−0.109%$2K$3.8M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,353.1+0.070%$7.9M$873K50xas long as short
HTX PAXG-USDT0.0000%4h4,357.1+0.162%$905K$632K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.063%$1K$151K30xas long as short
Hibachi PAXG/USDT-P+0.0064%1h4,350.2+0.003%$42K$160K20xas long as short
Lighter PAXG+0.0096%1h4,348.1−0.044%$1.4M$300K25xas long as short
Paradex PAXG-USD-PERPlong+0.0100%8h4,350long leg$80K$3.7M50x
Hyperliquid PAXG+0.0100%1h4,348.5−0.035%$20.7M$2.1M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,347.5−0.058%$907K$29K50xas long as short
Pacifica PAXG+0.0100%1h4,352.2+0.050%$1.0M$367K10xas long as short
Binance PAXGUSDT+0.0100%4h4,347.1−0.068%$80.2M$70.9M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,349.3−0.017%$15.1M$3.5M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,348.9−0.027%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,350.2+0.004%$28.4M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,347.5−0.058%$9.7M$15.1M50xas long as short
BingX PAXG-USDT+0.0100%4h4,348.7−0.030%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,349.1−0.021%$1.4M$806K50xas long as short
Variational Omni PAXG+0.0100%4h4,353.3+0.075%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,351.3+0.029%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDTshort+0.0100%1h4,352.7+0.062%$263K$787K50x
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,349−0.024%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,350−0.001%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,346.5−0.080%$380K$1.4M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,349.5−0.012%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0247%1h4,349.2−0.020%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0312%1h4,359.1+0.210%$973K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0992%1h4,361.5+0.264%$29K$23K10xas long as short