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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%
Price spread now: HTX against SunX+0.148%7-day average +0.256% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$980.982% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.134%+$13 on $10k
Price spread, last 3 days (all we have)+0.120%+$12 · spread now +0.148%, 7d avg +0.256%
Together, before fees+0.254%+$25 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: HTX is 0.108% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.256%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,347.30get 0.0000% / 4h2h 21m$2K$3.8M20x
ShortHTX PAXG-USDT4,353.80get 0.0000% / 4h2h 21m$906K$628K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: +0.148% → +0.256%
−$10.8
Slippage, 4 orders
−$78.23
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$109.04
Costs to cover
0.982%
Break-even
never at this rate
Slippage from SunX: live order book, 6 min ago; HTX: live order book, 47 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, 6 min ago21.53 bp38.3 bp −$3867.5 bp −$675doesn't fitdoesn't fit
Sell HTX live order book, 47 min ago0.84 bp10.7 bp −$1112.6 bp −$12616.6 bp −$1,661doesn'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%1h4,351.5+0.097%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,354+0.154%$15.7M$3.5M100xas long as short
SunX PAXG-USDTlong0.0000%4h4,347.3long leg$2K$3.8M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,354.8+0.173%$7.9M$873K50xas long as short
HTX PAXG-USDTshort0.0000%4h4,353.8+0.148%$906K$628K75x
Hibachi PAXG/USDT-P+0.0024%1h4,350.6+0.076%$42K$160K20xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.30.000%$1K$151K30xas long as short
Lighter PAXG+0.0096%1h4,351.5+0.096%$1.4M$305K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,351.1+0.087%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,352.1+0.110%$20.7M$2.1M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,352+0.107%$908K$29K50xas long as short
Pacifica PAXG+0.0100%1h4,353+0.131%$1.0M$364K10xas long as short
Binance PAXGUSDT+0.0100%4h4,351.9+0.105%$80.2M$70.7M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,353.6+0.144%$15.2M$3.5M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,352+0.108%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,354.6+0.168%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,352.4+0.116%$9.6M$15.1M50xas long as short
BingX PAXG-USDT+0.0100%4h4,352.6+0.122%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,352.3+0.114%$1.4M$803K50xas long as short
Variational Omni PAXG+0.0100%4h4,350.7+0.078%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,350.6+0.076%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,351.5+0.097%$263K$789K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,351.6+0.098%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,352+0.108%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,350.5+0.073%$378K$1.5M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,352.7+0.123%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0247%1h4,351.9+0.106%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0312%1h4,356.3+0.206%$972K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0992%1h4,362.5+0.349%$29K$23K10xas long as short