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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.1332%/8h= −145.9% APRpaid last 24h −0.215%
Price spread now: Bitget against 01 Exchange−0.391%7-day average · you buy dearer than you sell
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 3 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 against this trade now: funding costs −$40 a day on $10k at the current rate, and Bitget is 0.391% cheaper against 01 Exchange than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange PAXGUSD4,354.80.1432pay 0.0179% / 1h36m 28s$29K$21K10x
ShortBitget PAXGUSDT4,337.80.0100get 0.0050% / 4h2h 36m$9.2M$14.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against 01 Exchange. 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
−$279.72
Price spread: −0.391% → 0.000%
−$39.13
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$337.85
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Bitget: live order book, 2 min ago. 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 01 Exchange no order-book sample
Sell Bitget live order book, 2 min ago0.01 bp6.8 bp −$710.9 bp −$109doesn't fitdoesn't fit
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 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%1h4,337−0.409%$1K$121K30xas long as short
Hibachi PAXG/USDT-P−0.0032%1h4,337.3−0.402%$41K$156K20xas long as short
dYdX PAXG-USD0.0000%1h4,339.9−0.342%$101K$18K5xas long as short
Gate PAXG_USDT0.0000%8h4,339.4−0.354%$15.7M$4.2M100xas long as short
SunX PAXG-USDT0.0000%4h4,334.2−0.473%$2K$4.1M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,340.5−0.328%$7.9M$837K50xas long as short
HTX PAXG-USDT0.0000%4h4,342.3−0.286%$907K$658K75xas long as short
Lighter PAXG+0.0096%1h4,335.8−0.437%$1.4M$520K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,336.6−0.418%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,336.8−0.413%$20.3M$1.9M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,336.8−0.412%$906K$76K50xas long as short
Pacifica PAXG+0.0100%1h4,337.9−0.387%$1.0M$352K10xas long as short
Binance PAXGUSDT+0.0100%4h4,336.5−0.419%$79.9M$70.0M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,336.6−0.419%$14.8M$3.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,338.3−0.378%$15.9M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,339.4−0.354%$26.7M$5.4M30xas long as short
Bitget PAXGUSDTshort+0.0100%4h4,337.8−0.391%$9.2M$14.2M50x
BingX PAXG-USDT+0.0100%4h4,337.8−0.390%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,338.5−0.375%$1.4M$1.3M50xas long as short
Variational Omni PAXG+0.0100%4h4,336.6−0.419%$12.4M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,337.1−0.407%$1.5M$2.1M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,336.5−0.421%$262K$796K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,337.1−0.406%$55610xas long as short
Phemex PAXGUSDT+0.0100%4h4,334−0.478%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,336−0.432%$377K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,336.7−0.416%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0224%1h4,337.5−0.398%$1.3M$1.5M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,343−0.272%$998K$1.1M50xas long as short
01 Exchange PAXGUSDlong+0.1432%1h4,354.8long leg$29K$21K10x