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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: KuCoin against ApeX Omni−0.012%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$330.332% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.012%, 7d avg +0.063%
Together, before fees+0.075%+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.075% cheaper against ApeX Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni PAXGUSDT4,344.30.0100pay 0.0013% / 1h51m 08s$263K$791K50x
ShortKuCoin PAXGUSDTM4,343.80.0100get 0.0050% / 4h1h 51m$28.6M$5.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.012% → +0.063%
−$7.53
Slippage, 4 orders
−$11.19
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$40.72
Costs to cover
0.332%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 13 min ago; KuCoin: live order book, 3 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, 13 min ago2.78 bp8.0 bp −$870.4 bp −$704doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago0.68 bp8.2 bp −$812.8 bp −$128doesn'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%1h4,344.3−0.001%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,342.6−0.039%$15.7M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,335−0.214%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,344.8+0.010%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,347.7+0.077%$904K$653K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.069%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0070%4h4,346.6+0.052%$1.5M$1.9M10xas long as short
Hibachi PAXG/USDT-P+0.0072%1h4,346.3+0.046%$42K$154K20xas long as short
Lighter PAXG+0.0096%1h4,341.2−0.072%$1.4M$305K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,342.1−0.051%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,340.6−0.085%$20.7M$2.2M10xas long as short
Aster PAXGUSDT+0.0100%4h4,342.6−0.040%$906K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,344.5+0.004%$1.0M$340K10xas long as short
Binance PAXGUSDT+0.0100%4h4,341.3−0.070%$80.0M$70.7M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,342.9−0.034%$14.9M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,343.3−0.023%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTMshort+0.0100%4h4,343.8−0.012%$28.6M$5.3M30x
Bitget PAXGUSDT+0.0100%4h4,342−0.052%$9.6M$15.0M50xas long as short
BingX PAXG-USDT+0.0100%4h4,341.6−0.062%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,342.4−0.044%$1.3M$804K50xas long as short
Variational Omni PAXG+0.0100%4h4,345.6+0.030%$12.5M$104Kas long as short
ApeX Omni PAXGUSDTlong+0.0100%1h4,344.3long leg$263K$791K50x
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,341.1−0.074%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,340−0.099%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,339.3−0.114%$382K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,342−0.052%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,339.6−0.108%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.124%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1008%1h4,351.4+0.163%$29K$23K10xas long as short