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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.1024%/8h= −112.1% APRpaid last 24h −0.242%
Price spread now: HTX against 01 Exchange−0.118%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 −$31 a day on $10k at the current rate, and HTX is 0.118% cheaper against 01 Exchange than usual: you would sell low and buy high (−$12 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 PAXGUSD4,368.70.1024pay 0.0128% / 1h34m 57s$29K$23K10x
ShortHTX PAXG-USDT4,363.60get 0.0000% / 4h3h 34m$907K$659K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$215.04
Price spread: −0.118% → 0.000%
−$11.77
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
−$245.81
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 39 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 HTX live order book, 39 min ago0.01 bp11.5 bp −$1213.2 bp −$13216.5 bp −$1,655doesn'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
dYdX PAXG-USD0.0000%1h4,359.2−0.217%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,358.3−0.238%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,352.9−0.362%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,360.8−0.180%$7.9M$871K50xas long as short
HTX PAXG-USDTshort0.0000%4h4,363.6−0.118%$907K$659K75x
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.490%$1K$151K30xas long as short
Lighter PAXG+0.0096%1h4,356.1−0.288%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,357−0.268%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,357.5−0.256%$20.8M$2.1M10xas long as short
Aster PAXGUSDT+0.0100%4h4,357.2−0.264%$909K$29K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,358.7−0.229%$1.0M$368K10xas long as short
Binance PAXGUSDT+0.0100%4h4,357−0.268%$80.1M$71.0M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,358.4−0.236%$15.1M$3.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,357.4−0.259%$16.2M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,359.6−0.209%$28.4M$5.6M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,357.6−0.253%$9.7M$15.0M50xas long as short
BingX PAXG-USDT+0.0100%4h4,357.9−0.248%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,358−0.244%$1.4M$853K50xas long as short
Variational Omni PAXG+0.0100%4h4,358.3−0.239%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,356.3−0.284%$1.6M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,355.5−0.303%$263K$785K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,357.5−0.256%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,355−0.314%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,356−0.292%$379K$1.6M25xas long as short
Hibachi PAXG/USDT-P+0.0136%1h4,358.1−0.243%$42K$157K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,357.3−0.261%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0208%1h4,357.7−0.251%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0304%1h4,366.2−0.058%$976K$1.1M50xas long as short
01 Exchange PAXGUSDlong+0.1024%1h4,368.7long leg$29K$23K10x