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 0.000%
Price spread now: Gate against SunX+0.118%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$840.841% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.041%+$4 on $10k
Price spread, last 3 days (all we have)−0.004%$0 · spread now +0.118%, 7d avg +0.168%
Together, before fees+0.037%+$4 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: Gate is 0.049% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.168%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,334.30get 0.0000% / 4h2h 36m$2K$4.1M20x
ShortGate PAXG_USDT4,339.40get 0.0000% / 8h2h 36m$15.7M$4.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.118% → +0.168%
−$4.94
Slippage, 4 orders
−$61.09
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$89.04
Costs to cover
0.841%
Break-even
never at this rate
Slippage from SunX: live order book, 12 min ago; Gate: live order book, 2 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, 12 min ago21.53 bp38.3 bp −$3867.5 bp −$675doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago0.12 bp10.7 bp −$1115.5 bp −$15526.4 bp −$2,64259.5 bp −$29.8K

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+0.063%$1K$121K30xas long as short
Hibachi PAXG/USDT-P−0.0032%1h4,337.3+0.069%$41K$156K20xas long as short
dYdX PAXG-USD0.0000%1h4,339.9+0.130%$101K$18K5xas long as short
Gate PAXG_USDTshort0.0000%8h4,339.4+0.118%$15.7M$4.2M100x
SunX PAXG-USDTlong0.0000%4h4,334.3long leg$2K$4.1M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,340.7+0.149%$7.9M$837K50xas long as short
HTX PAXG-USDT0.0000%4h4,342.3+0.186%$907K$658K75xas long as short
Lighter PAXG+0.0096%1h4,335.8+0.035%$1.4M$520K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,336.6+0.054%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,336.8+0.058%$20.3M$1.9M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,336.8+0.059%$906K$76K50xas long as short
Pacifica PAXG+0.0100%1h4,337.9+0.085%$1.0M$352K10xas long as short
Binance PAXGUSDT+0.0100%4h4,336.5+0.052%$79.9M$70.0M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,336.5+0.052%$14.8M$3.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,338.4+0.094%$15.9M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,339.4+0.118%$26.7M$5.4M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,337.8+0.081%$9.2M$14.2M50xas long as short
BingX PAXG-USDT+0.0100%4h4,337.8+0.082%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,338.5+0.097%$1.4M$1.3M50xas long as short
Variational Omni PAXG+0.0100%4h4,336.6+0.053%$12.4M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,337.1+0.064%$1.5M$2.1M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,336.5+0.050%$262K$796K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,337.1+0.065%$55610xas long as short
Phemex PAXGUSDT+0.0100%4h4,334−0.006%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,336.1+0.041%$377K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,336.7+0.055%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0224%1h4,337.8+0.081%$1.3M$1.5M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,343+0.201%$998K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1432%1h4,354.8+0.474%$29K$21K10xas long as short