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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: KuCoin against Aster+0.067%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$260.262% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.067%, 7d avg +0.032%
Together, before fees+0.014%+ Points / potential airdropAster: Stage 5 · farm board+$1 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 0.035% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PAXGUSDT4,348.80.0100pay 0.0050% / 4h2h 39m$907K$29K50x
ShortKuCoin PAXGUSDTM4,351.70.0100get 0.0050% / 4h2h 39m$28.4M$5.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. 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: +0.067% → +0.032%
$3.49
Slippage, 4 orders
−$6.24
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$22.75
Costs to cover
0.262%
Break-even
never at this rate
Slippage from Aster: live order book, 29 min ago; KuCoin: live order book, 5 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 Aster live order book, 29 min ago0.01 bp4.2 bp −$413.5 bp −$135doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago0.21 bp7.6 bp −$812.9 bp −$129doesn'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%1h4,346.8−0.047%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,350.8+0.046%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,345.6−0.074%$2K$3.8M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,353.2+0.102%$7.9M$873K50xas long as short
HTX PAXG-USDT0.0000%4h4,354+0.120%$905K$629K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.034%$1K$151K30xas long as short
Hibachi PAXG/USDT-P+0.0056%1h4,349+0.004%$42K$160K20xas long as short
Lighter PAXG+0.0096%1h4,348.5−0.007%$1.4M$304K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,348−0.019%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,349.9+0.026%$20.7M$2.1M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDTlong+0.0100%4h4,348.8long leg$907K$29K50x
Pacifica PAXG+0.0100%1h4,350.2+0.033%$1.0M$366K10xas long as short
Binance PAXGUSDT+0.0100%4h4,349.5+0.016%$80.2M$70.6M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,350.9+0.049%$15.2M$3.5M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,350.4+0.036%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTMshort+0.0100%4h4,351.7+0.067%$28.4M$5.3M30x
Bitget PAXGUSDT+0.0100%4h4,350.8+0.045%$9.7M$15.1M50xas long as short
BingX PAXG-USDT+0.0100%4h4,350.2+0.033%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,349.5+0.017%$1.4M$803K50xas long as short
Variational Omni PAXG+0.0100%4h4,349.3+0.011%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,349.9+0.027%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,350.4+0.038%$263K$787K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,348.5−0.007%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,349+0.005%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,348.5−0.007%$380K$1.4M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,349.9+0.026%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0247%1h4,350.8+0.046%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0312%1h4,359.1+0.238%$973K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0992%1h4,359.8+0.253%$29K$23K10xas long as short