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 −0.008%
Price spread now: Bitget against Paradex+0.029%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$240.241% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.008%−$1 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.029%, 7d avg +0.020%
Together, before fees−0.033%+ Points / potential airdropParadex: Active · farm board−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex PAXG-USD-PERP4,350.10.0100pay 0.0100% / 8h7h 11m$80K$3.7M50x
ShortBitget PAXGUSDT4,351.40.0100get 0.0050% / 4h3h 11m$9.7M$15.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.029% → +0.020%
$0.91
Slippage, 4 orders
−$8.08
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$23.17
Costs to cover
0.241%
Break-even
1110919.7 days
Slippage from Paradex: live order book, 3 min ago; Bitget: live order book, 2 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, 3 min ago2.24 bp4.2 bp −$490.2 bp −$902doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago0.01 bp7.5 bp −$79.9 bp −$99doesn'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%1h4,350.8+0.016%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,353.1+0.069%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,347−0.072%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,354.9+0.110%$7.9M$875K50xas long as short
HTX PAXG-USDT0.0000%4h4,355.5+0.124%$905K$647K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.065%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0046%4h4,350−0.003%$1.5M$2.0M10xas long as short
Lighter PAXG+0.0096%1h4,349.6−0.012%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERPlong+0.0100%8h4,350.1long leg$80K$3.7M50x
Hyperliquid PAXG+0.0100%1h4,350.7+0.014%$20.7M$2.1M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,352+0.043%$908K$29K50xas long as short
Pacifica PAXG+0.0100%1h4,352.6+0.056%$1.0M$366K10xas long as short
Binance PAXGUSDT+0.0100%4h4,350.8+0.015%$80.3M$71.0M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,352.2+0.049%$15.1M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,351.1+0.023%$16.2M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,353.2+0.071%$28.4M$5.5M30xas long as short
Bitget PAXGUSDTshort+0.0100%4h4,351.4+0.029%$9.7M$15.1M50x
BingX PAXG-USDT+0.0100%4h4,352.4+0.052%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,352.7+0.060%$1.4M$845K50xas long as short
Variational Omni PAXG+0.0100%4h4,351.6+0.035%$12.5M$104Kas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,349.8−0.006%$263K$786K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,350.6+0.011%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,352+0.044%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,350.4+0.006%$382K$1.4M25xas long as short
Hibachi PAXG/USDT-P+0.0136%1h4,351.4+0.030%$42K$148K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,350.9+0.018%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0208%1h4,352.7+0.060%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0304%1h4,356.6+0.150%$973K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0984%1h4,361.7+0.267%$29K$23K10xas long as short