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 +0.030%
Price spread now: Orderly against SunX+0.087%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.087% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,357.90get 0.0000% / 4h2m 01s$2K$3.9M20x
ShortOrderly PERP_PAXG_USDC_mythos4,361.70.0100get 0.0050% / 4h2m 01s$56010x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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: +0.087% → 0.000%
$8.74
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
$15.74
Costs to cover
0.140%
Break-even
1.8 days
Slippage unknown: SunX: live order book, 6 min ago; Orderly: 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 SunX live order book, 6 min ago21.53 bp38.3 bp −$3867.5 bp −$675doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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−0.0007%1h4,347.3−0.243%$1K$151K30xas long as short
dYdX PAXG-USD0.0000%1h4,362.4+0.103%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,364.1+0.143%$15.8M$3.7M100xas long as short
SunX PAXG-USDTlong0.0000%4h4,357.9long leg$2K$3.9M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,365.1+0.166%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,365.2+0.167%$910K$651K75xas long as short
Lighter PAXG+0.0096%1h4,360.9+0.070%$1.4M$272K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,361.4+0.081%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,361.7+0.087%$20.5M$1.9M10xas long as short
Aster PAXGUSDT+0.0100%4h4,362.9+0.116%$910K$30K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,362.5+0.107%$1.0M$363K10xas long as short
Binance PAXGUSDT+0.0100%4h4,363.7+0.133%$80.1M$69.9M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,364.7+0.155%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,360.5+0.059%$16.2M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,364+0.141%$28.4M$5.7M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,364.6+0.153%$9.6M$15.0M50xas long as short
BingX PAXG-USDT+0.0100%4h4,362.9+0.114%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,362.9+0.116%$1.4M$972K50xas long as short
Variational Omni PAXG+0.0100%4h4,362.5+0.105%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,361.4+0.081%$1.5M$2.1M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,360.9+0.070%$264K$794K50xas long as short
Orderly PERP_PAXG_USDC_mythosshort+0.0100%4h4,361.7+0.087%$56010x
Phemex PAXGUSDT+0.0100%4h4,359+0.025%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,361.4+0.081%$379K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0152%1h4,362.4+0.104%$42K$149K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,362.9+0.116%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0285%1h4,362.8+0.114%$1.3M$1.5M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,367.6+0.223%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0960%1h4,373+0.347%$29K$23K10xas long as short