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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Aster against ApeX Omni+0.042%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$250.250% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.042%, 7d avg +0.032%
Together, before fees−0.020%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni PAXGUSDT4,352.90.0100pay 0.0013% / 1h3m 38s$263K$787K50x
ShortAster PAXGUSDT4,354.70.0100get 0.0050% / 4h3h 03m$908K$29K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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: +0.042% → +0.032%
$1.02
Slippage, 4 orders
−$6.96
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$23.94
Costs to cover
0.250%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 5 min ago; Aster: live order book, 4 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 ApeX Omni live order book, 5 min ago2.61 bp7.9 bp −$885.4 bp −$854doesn't fitdoesn't fit
Sell Aster live order book, 4 min ago0.01 bp5.0 bp −$58.5 bp −$85doesn't fitdoesn'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%1h4,354.3+0.033%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,356.8+0.091%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,350.9−0.046%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,358.1+0.121%$7.9M$873K50xas long as short
HTX PAXG-USDT0.0000%4h4,356.5+0.085%$905K$642K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.128%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0086%4h4,354.7+0.043%$1.6M$2.0M10xas long as short
Lighter PAXG+0.0096%1h4,353.5+0.015%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,354.1+0.029%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,354.7+0.043%$20.7M$2.1M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDTshort+0.0100%4h4,354.7+0.042%$908K$29K50x
Pacifica PAXG+0.0100%1h4,355.5+0.062%$1.0M$368K10xas long as short
Binance PAXGUSDT+0.0100%4h4,354.5+0.039%$80.3M$70.9M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,356.2+0.076%$15.1M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,354.3+0.033%$16.2M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,357.3+0.101%$28.4M$5.5M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,354.9+0.047%$9.7M$15.1M50xas long as short
BingX PAXG-USDT+0.0100%4h4,355.3+0.056%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,355.4+0.058%$1.4M$831K50xas long as short
Variational Omni PAXG+0.0100%4h4,355.1+0.053%$12.5M$104Kas long as short
ApeX Omni PAXGUSDTlong+0.0100%1h4,352.9long leg$263K$787K50x
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,353.8+0.022%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,354+0.026%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,353.5+0.016%$379K$1.4M25xas long as short
Hibachi PAXG/USDT-P+0.0112%1h4,354+0.025%$42K$154K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,354.7+0.043%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0208%1h4,355.4+0.058%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0304%1h4,357.1+0.097%$973K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0976%1h4,364.9+0.277%$29K$23K10xas long as short