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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: dYdX against SunX+0.081%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1041.038% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.081%, 7d avg +0.109%
Together, before fees−0.055%−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.028% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.109%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,354.80get 0.0000% / 4h47m 59s$2K$3.9M20x
ShortdYdX PAXG-USD4,358.30get 0.0000% / 1h47m 59s$102K$12K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$0
Price spread: +0.081% → +0.109%
−$2.81
Slippage, 4 orders
−$85.76
Fee SunX: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$106.57
Costs to cover
1.038%
Break-even
never at this rate
Slippage from SunX: live order book, 10 min ago; dYdX: live order book, 31 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, 10 min ago21.54 bp38.3 bp −$3867.6 bp −$676doesn't fitdoesn't fit
Sell dYdX live order book, 31 min ago14.96 bp20.0 bp −$20109.9 bp −$1,099211.9 bp −$21.2K958.0 bp −$479.0K

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−0.0007%1h4,347.3−0.172%$1K$151K30xas long as short
dYdX PAXG-USDshort0.0000%1h4,358.3+0.081%$102K$12K5x
Gate PAXG_USDT0.0000%8h4,361.2+0.147%$15.8M$3.6M100xas long as short
SunX PAXG-USDTlong0.0000%4h4,354.8long leg$2K$3.9M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,362.9+0.185%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,361.4+0.151%$911K$634K75xas long as short
Lighter PAXG+0.0096%1h4,358.2+0.079%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,358.7+0.091%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,359.4+0.106%$20.4M$1.8M10xas long as short
Aster PAXGUSDT+0.0100%4h4,358.9+0.095%$909K$30K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,360.5+0.130%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,360+0.119%$80.0M$68.4M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,360.7+0.136%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,357.2+0.056%$16.1M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,361.5+0.154%$27.0M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,361.2+0.147%$9.9M$13.9M50xas long as short
BingX PAXG-USDT+0.0100%4h4,359.5+0.108%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,360.5+0.130%$1.4M$955K50xas long as short
Variational Omni PAXG+0.0100%4h4,358.7+0.090%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,359.2+0.102%$1.6M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,358.3+0.081%$264K$796K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,358.5+0.085%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,356+0.028%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,359.1+0.099%$378K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0152%1h4,360+0.119%$48K$139K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,359.5+0.108%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0286%1h4,360.9+0.140%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,362.5+0.178%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1016%1h4,370+0.349%$29K$23K10xas long as short