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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.024%
Price spread now: Aster against SunX+0.113%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$730.731% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.179%+$18 on $10k
Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.113%, 7d avg +0.115%
Together, before fees+0.160%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.115%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,340.60get 0.0000% / 4h1h 43m$2K$4.0M20x
ShortAster PAXGUSDT4,345.50.0100get 0.0050% / 4h1h 43m$907K$28K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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
$21
Price spread: +0.113% → +0.115%
−$0.19
Slippage, 4 orders
−$57.14
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$52.33
Costs to cover
0.731%
Break-even
24.4 days
Slippage from SunX: live order book, 4 min ago; Aster: live order book, 39 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 SunX live order book, 4 min ago21.53 bp38.3 bp −$3867.5 bp −$675doesn't fitdoesn't fit
Sell Aster live order book, 39 min ago0.61 bp4.7 bp −$55.4 bp −$54doesn'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%1h4,343.7+0.072%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,347.5+0.159%$15.8M$3.6M100xas long as short
SunX PAXG-USDTlong0.0000%4h4,340.6long leg$2K$4.0M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,349.2+0.198%$7.9M$865K50xas long as short
HTX PAXG-USDT0.0000%4h4,347.6+0.162%$909K$655K75xas long as short
Hibachi PAXG/USDT-P+0.0032%1h4,346+0.125%$47K$142K20xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,337−0.083%$1K$121K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,346.9+0.144%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,344.6+0.093%$1.4M$273K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,345.3+0.108%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,345.5+0.114%$20.3M$1.8M10xas long as short
Aster PAXGUSDTshort+0.0100%4h4,345.5+0.113%$907K$28K50x
Pacifica PAXG+0.0100%1h4,346.7+0.141%$1.0M$368K10xas long as short
Binance PAXGUSDT+0.0100%4h4,345.1+0.104%$80.0M$67.8M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,345.8+0.120%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,342.4+0.042%$16.0M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,347.5+0.159%$26.8M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,346.2+0.128%$9.3M$13.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,345.6+0.115%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,346.5+0.137%$1.4M$952K50xas long as short
Variational Omni PAXG+0.0100%4h4,345.3+0.109%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,345.5+0.112%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,343.6+0.069%$263K$798K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,345.5+0.113%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,340−0.014%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,344.3+0.086%$378K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,345.3+0.107%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,347.6+0.161%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1416%1h4,363.7+0.532%$29K$21K10xas long as short