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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0855%/8h= +93.6% APRpaid last 24h +0.234%
Price spread now: 01 Exchange against Paradex+0.264%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and 01 Exchange is 0.264% dearer against Paradex than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex PAXG-USD-PERP4,312.30.0097pay 0.0097% / 8h21m 59s$85K$3.6M50x
Short01 Exchange PAXGUSD4,323.70.0952get 0.0119% / 1h21m 59s$29K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$179.51
Price spread: +0.264% → 0.000%
$26.37
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$194.87
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Paradex: live order book, 2 min ago; 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 Paradex live order book, 2 min ago2.30 bp4.3 bp −$497.4 bp −$974doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
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
Lighter PAXG−0.0192%1h4,309.5−0.065%$1.4M$493K25xas long as short
Hibachi PAXG/USDT-P−0.0144%1h4,313.1+0.019%$42K$170K20xas long as short
GRVT PAXG_USDT_Perp−0.0106%4h4,310.8−0.036%$1.5M$2.0M10xas long as short
Kraken Futures PF_PAXGUSD−0.0055%1h4,312.5+0.003%$1.2M$1.8M20xas long as short
dYdX PAXG-USD0.0000%1h4,313.4+0.024%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,313.5+0.027%$15.6M$3.7M100xas long as short
SunX PAXG-USDT0.0000%4h4,308.5−0.088%$2K$3.2M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,316.2+0.089%$7.9M$659K50xas long as short
HTX PAXG-USDT0.0000%4h4,315.4+0.070%$902K$794K75xas long as short
Extended PAXG-USD+0.0016%1h4,311.3−0.025%$376K$1.5M25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC PAXG_USDT+0.0016%4h4,318+0.132%$16.6M$1.1M100xas long as short
Binance PAXGUSDT+0.0017%4h4,312.4+0.003%$79.4M$75.7M75xas long as short
Aster PAXGUSDT+0.0025%4h4,312.6+0.005%$899K$30K50xas long as short
ApeX Omni PAXGUSDT+0.0028%1h4,311.2−0.026%$261K$773K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.811%$1K$151K30xas long as short
Bitget PAXGUSDT+0.0064%4h4,312.1−0.006%$9.5M$15.9M50xas long as short
Paradex PAXG-USD-PERPlong+0.0097%8h4,312.3long leg$85K$3.6M50x
Hyperliquid PAXG+0.0100%1h4,312.5+0.004%$20.7M$2.3M10xas long as short
Pacifica PAXG+0.0100%1h4,313.8+0.034%$1.0M$302K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,312.8+0.012%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,313.3+0.023%$28.6M$5.3M30xas long as short
BingX PAXG-USDT+0.0100%4h4,313.2+0.020%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,312.6+0.005%$1.3M$840K50xas long as short
Variational Omni PAXG+0.0100%4h4,309.6−0.064%$12.2M$218Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,311.6−0.017%$55310xas long as short
Phemex PAXGUSDT+0.0100%4h4,312−0.008%$1.5M$53K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,311−0.030%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0224%1h4,316.2+0.089%$953K$1.0M50xas long as short
01 Exchange PAXGUSDshort+0.0952%1h4,323.7+0.264%$29K$23K10x