data as of
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Funding arb /

PAXG

all PAXG markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC0.0000%/8h
next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 7 days−0.050%to open and close $10k−$21
Long on BackpackShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack PAXG_USDC_PERP4,343.40.0100pay 0.0013% / 1h57m 32s$1.1M$766K50x
ShortHyperliquid PAXG4,341.90.0100get 0.0013% / 1h57m 32s$20.3M$1.6M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$1.92
Fee Backpack: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$20.92
Break-even
never at this rate
Slippage from Backpack: live order book, 3 min ago; Hyperliquid: live order book, 7 min ago.

Price risk

price view
Price gap now
−0.034%
Avg gap 7d
−0.016%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 3 min ago0.01 bp5.5 bp −$56.5 bp −$65112.0 bp −$11.2Kdoesn't fit
Sell Hyperliquid live order book, 7 min ago0.12 bp5.7 bp −$66.9 bp −$69doesn't fitdoesn't fit

PAXG on 28 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX PAXG-USD0.0000%1h$102K$18K5xas long as short
Gate PAXG_USDT0.0000%8h$15.9M$3.8M100xas long as short
SunX PAXG-USDT0.0000%4h$2K$3.6M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h$7.9M$830K50xas long as short
HTX PAXG-USDT0.0000%4h$916K$543K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h$1K$88K30xas long as short
Lighter PAXG+0.0096%1h$1.4M$678K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h$80K$2.5M50xas long as short
Hyperliquid PAXGshort+0.0100%1h$20.3M$1.6M10x
Aster PAXGUSDT+0.0100%4h$905K$70K50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica PAXG+0.0100%1h$1.0M$429K10xas long as short
Binance PAXGUSDT+0.0100%4h$78.5M$57.3M75xas long as short
Bybit PAXGUSDT+0.0100%4h$15.1M$2.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h$16.3M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h$27.5M$4.5M30xas long as short
Bitget PAXGUSDT+0.0100%4h$9.2M$10.8M50xas long as short
BingX PAXG-USDT+0.0100%4h—$6.7M—as long as short
Backpack PAXG_USDC_PERPlong+0.0100%1h$1.1M$766K50x
Variational Omni PAXG+0.0100%4h$12.5M$68K—as long as short
ApeX Omni PAXGUSDT+0.0100%1h$263K$790K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h$557—10xas long as short
Phemex PAXGUSDT+0.0100%4h$1.5M$25K50xas long as short
Extended PAXG-USD+0.0104%1h$377K$1.2M25xas long as short
Kraken Futures PF_PAXGUSD+0.0144%1h$1.3M$945K20xas long as short
Hibachi PAXG/USDT-P+0.0144%1h$44K$139K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h$21K—100xas long as short
Coinbase International PAXG-PERP-INTX+0.0240%1h$804K$485K50xas long as short
01 Exchange PAXGUSD+0.0840%1h$15K$7K10xas long as short