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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.1275%/8h= +139.6% APRnext payment +$1.59 per $10,000 · paid last 24h +0.179%
Price spread now: 01 Exchange against Reya+0.387%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and 01 Exchange is 0.387% dearer against Reya than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya PAXGRUSDPERP4,334.30.0189pay 0.0024% / 1h3m 18s$20K100x
Short01 Exchange PAXGUSD4,351.10.1464get 0.0183% / 1h3m 18s$29K$21K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Reya. 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
$267.65
Price spread: +0.387% → 0.000%
$38.67
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$293.33
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample
Sell 01 Exchange no order-book sample
Reya and 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
Injective PAXG/USDC PERP−0.0101%1h4,337+0.061%$1K$121K30xas long as short
Hibachi PAXG/USDT-P−0.0072%1h4,333.7−0.015%$41K$150K20xas long as short
dYdX PAXG-USD0.0000%1h4,336.4+0.047%$101K$18K5xas long as short
Gate PAXG_USDT0.0000%8h4,335.8+0.034%$15.7M$4.3M100xas long as short
SunX PAXG-USDT0.0000%4h4,329.2−0.118%$2K$4.1M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,337.3+0.068%$7.9M$865K50xas long as short
HTX PAXG-USDT0.0000%4h4,339.2+0.112%$907K$661K75xas long as short
Lighter PAXG+0.0096%1h4,332−0.054%$1.4M$521K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,333−0.032%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,334−0.008%$20.3M$2.0M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,333.4−0.021%$905K$75K50xas long as short
Pacifica PAXG+0.0100%1h4,334.3−0.002%$1.0M$371K10xas long as short
Binance PAXGUSDT+0.0100%4h4,333.8−0.012%$79.8M$70.8M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,334.7+0.008%$15.1M$3.9M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,335.5+0.026%$15.9M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,336.2+0.043%$26.7M$5.5M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,334.30.000%$9.2M$14.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,334.2−0.004%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,334.9+0.013%$1.4M$1.3M50xas long as short
Variational Omni PAXG+0.0100%4h4,334.3−0.002%$12.4M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,334−0.007%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,333.4−0.021%$262K$799K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,334.4+0.001%$55610xas long as short
Phemex PAXGUSDT+0.0100%4h4,331−0.077%$1.5M$40K50xas long as short
Extended PAXG-USD+0.0104%1h4,332.6−0.041%$377K$1.2M25xas long as short
Reya PAXGRUSDPERPlong+0.0189%1h4,334.3long leg$20K100x
Kraken Futures PF_PAXGUSD+0.0224%1h4,334.6+0.005%$1.3M$1.6M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,337.8+0.080%$1.0M$1.1M50xas long as short
01 Exchange PAXGUSDshort+0.1464%1h4,351.1+0.387%$29K$21K10x