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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.2056%/8h= +225.1% APRpaid last 24h +0.278%
Price spread now: 01 Exchange against SunX+1.471%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 4 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 +$62 a day on $10k at the current rate, and 01 Exchange is 1.471% dearer against SunX than usual: you sell high and buy low: +$147 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,318.20get 0.0000% / 4h11m 00s$2K$2.4M20x
Short01 Exchange PAXGUSD4,381.70.2056get 0.0257% / 1h11m 00s$29K$24K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$431.76
Price spread: +1.471% → 0.000%
$147.12
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$563.88
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: SunX: live order book, 10 min ago; 01 Exchange: 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, 10 min ago21.53 bp38.3 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi PAXG/USDT-P−0.0112%1h4,319.9+0.040%$43K$187K20xas long as short
dYdX PAXG-USD−0.0001%1h4,321+0.065%$116K$16K5xas long as short
Gate PAXG_USDT0.0000%8h4,323.5+0.123%$15.6M$3.9M100xas long as short
SunX PAXG-USDTlong0.0000%4h4,318.2long leg$2K$2.4M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,325+0.159%$7.9M$148K50xas long as short
HTX PAXG-USDT0.0000%4h4,324.7+0.151%$910K$839K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.675%$1K$151K30xas long as short
Lighter PAXG+0.0064%1h4,320.9+0.063%$1.4M$563K25xas long as short
Paradex PAXG-USD-PERP+0.0098%8h4,319.1+0.021%$80K$4.1M50xas long as short
Hyperliquid PAXG+0.0100%1h4,321.6+0.078%$21.3M$2.5M10xas long as short
Show all 29 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,322.3+0.095%$903K$68K50xas long as short
Pacifica PAXG+0.0100%1h4,321.3+0.072%$1.0M$332K10xas long as short
Binance PAXGUSDT+0.0100%4h4,321.5+0.076%$80.5M$79.9M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,321.6+0.078%$14.8M$4.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,326.9+0.202%$16.6M$1.3M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,323.5+0.123%$28.8M$6.2M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,321.3+0.072%$9.3M$16.9M50xas long as short
BingX PAXG-USDT+0.0100%4h4,322.2+0.094%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,322.3+0.096%$1.2M$846K50xas long as short
Variational Omni PAXG+0.0100%4h4,317.9−0.006%$12.2M$278Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,319.4+0.030%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,317.4−0.018%$261K$797K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,320.7+0.059%$55410xas long as short
Phemex PAXGUSDT+0.0100%4h4,319+0.019%$1.5M$82K50xas long as short
Extended PAXG-USD+0.0104%1h4,320+0.043%$374K$2.1M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,319.7+0.036%$20K100xas long as short
Kraken Futures PF_PAXGUSD+0.0263%1h4,321.8+0.084%$1.2M$2.1M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0280%1h4,321.6+0.079%$936K$1.0M50xas long as short
01 Exchange PAXGUSDshort+0.2056%1h4,381.7+1.471%$29K$24K10x