Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0267%/8h= −29.3% APRpaid last 24h −0.048%

Price spread now: GRVT against Reya+0.057%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on GRVT

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.057% dearer against Reya than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PAXGRUSDPERP	4,329.4	0.0189	pay 0.0024% / 1h	2m 30s	$20K	—	100x
Short	GRVT PAXG_USDT_Perp	4,331.9	−0.0078	pay 0.0039% / 4h	3h 02m	$1.5M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee GRVTbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$56.17
Price spread: +0.057% → 0.000%: $5.74
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$65.43
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; GRVT: live order book, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell GRVT live order book, just now	0.01 bp	6.5 bp −$6	9.2 bp −$92	doesn't fit	doesn't fit

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PAXG-USD	−0.0248%	1h	4,332.2	+0.064%	$115K	$15K	5x	as long as short
Lighter PAXG	−0.0136%	1h	4,330.7	+0.029%	$1.4M	$635K	25x	as long as short
Kraken Futures PF_PAXGUSD	−0.0096%	1h	4,333.7	+0.099%	$1.2M	$2.1M	20x	as long as short
GRVT PAXG_USDT_Perpshort	−0.0078%	4h	4,331.9	+0.057%	$1.5M	$2.0M	10x
Hibachi PAXG/USDT-P	−0.0040%	1h	4,332.5	+0.071%	$47K	$186K	20x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,334.9	+0.126%	$15.7M	$4.1M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,328.9	−0.012%	$2K	$3.1M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,336.2	+0.155%	$7.9M	$428K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,333.6	+0.097%	$909K	$820K	75x	as long as short
Extended PAXG-USD	+0.0016%	1h	4,331.7	+0.051%	$375K	$1.5M	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PAXG_USDT	+0.0016%	4h	4,335.3	+0.136%	$16.7M	$1.2M	100x	as long as short
Binance PAXGUSDT	+0.0018%	4h	4,332.2	+0.064%	$80.4M	$81.9M	75x	as long as short
Bitget PAXGUSDT	+0.0020%	4h	4,332.4	+0.068%	$9.2M	$16.4M	50x	as long as short
ApeX Omni PAXGUSDT	+0.0030%	1h	4,330.4	+0.022%	$262K	$806K	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.413%	$1K	$151K	30x	as long as short
Aster PAXGUSDT	+0.0035%	4h	4,332.8	+0.078%	$907K	$38K	50x	as long as short
Hyperliquid PAXG	+0.0076%	1h	4,332.1	+0.062%	$21.3M	$2.6M	10x	as long as short
Paradex PAXG-USD-PERP	+0.0086%	8h	4,331.4	+0.044%	$80K	$4.4M	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,334.2	+0.110%	$1.0M	$308K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,332.1	+0.062%	$15.0M	$4.6M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,334.9	+0.127%	$28.9M	$5.5M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,332.9	+0.081%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,332.4	+0.068%	$1.2M	$857K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,331.7	+0.053%	$12.2M	$291K	—	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,332.2	+0.064%	$556	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,326	−0.079%	$1.5M	$80K	50x	as long as short
Reya PAXGRUSDPERPlong	+0.0189%	1h	4,329.4	long leg	$20K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0232%	1h	4,334	+0.105%	$935K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.1232%	1h	4,388.8	+1.371%	$29K	$24K	10x	as long as short