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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h −0.028%
Price spread now: HTX against Binance+0.072%7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$470.473% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.025%−$2 on $10k
Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.072%, 7d avg +0.163%
Together, before fees+0.092%+$9 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: HTX is 0.090% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.163%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PAXGUSDT4,317.40.0000pay 0.0000% / 4h1h 52m$79.6M$74.4M75x
ShortHTX PAXG-USDT4,320.50get 0.0000% / 4h1h 52m$906K$761K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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
−$0.08
Price spread: +0.072% → +0.163%
−$9.03
Slippage, 4 orders
−$25.26
Fee Binance: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$56.37
Costs to cover
0.473%
Break-even
never at this rate
Slippage from Binance: live order book, 5 min ago; HTX: live order book, 57 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 Binance live order book, 5 min ago0.01 bp5.0 bp −$55.2 bp −$529.0 bp −$899doesn't fit
Sell HTX live order book, 57 min ago1.64 bp12.3 bp −$1214.3 bp −$14317.5 bp −$1,754doesn'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
Lighter PAXG−0.0192%1h4,316.4−0.023%$1.4M$427K25xas long as short
Hibachi PAXG/USDT-P−0.0168%1h4,318.9+0.035%$46K$169K20xas long as short
GRVT PAXG_USDT_Perp−0.0086%4h4,319.2+0.041%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT−0.0066%1h4,319.2+0.043%$261K$771K50xas long as short
Kraken Futures PF_PAXGUSD−0.0044%1h4,318.3+0.022%$1.2M$1.9M20xas long as short
dYdX PAXG-USD0.0000%1h4,317.9+0.012%$101K$12K5xas long as short
Extended PAXG-USD0.0000%1h4,315.8−0.035%$378K$1.5M25xas long as short
Gate PAXG_USDT0.0000%8h4,319.6+0.052%$15.6M$3.7M100xas long as short
MEXC PAXG_USDT0.0000%4h4,322.4+0.116%$16.5M$1.0M100xas long as short
SunX PAXG-USDT0.0000%4h4,314.5−0.066%$2K$3.4M20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,321.7+0.100%$7.9M$841K50xas long as short
HTX PAXG-USDTshort0.0000%4h4,320.5+0.072%$906K$761K75x
Binance PAXGUSDTlong0.0000%4h4,317.4long leg$79.6M$74.4M75x
Aster PAXGUSDT+0.0024%4h4,320+0.061%$901K$27K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.693%$1K$151K30xas long as short
Paradex PAXG-USD-PERP+0.0097%8h4,318.3+0.021%$85K$3.2M50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,316−0.032%$55410xas long as short
Hyperliquid PAXG+0.0100%1h4,318.1+0.017%$20.7M$2.4M10xas long as short
Pacifica PAXG+0.0100%1h4,320.4+0.070%$1.0M$320K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,318.1+0.017%$14.9M$4.1M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,319.7+0.054%$28.4M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,317.6+0.005%$9.4M$16.4M50xas long as short
BingX PAXG-USDT+0.0100%4h4,318.6+0.028%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,318.1+0.017%$1.3M$811K50xas long as short
Variational Omni PAXG+0.0100%4h4,321.6+0.098%$12.3M$221Kas long as short
Phemex PAXGUSDT+0.0100%4h4,317−0.009%$1.5M$52K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,317.8+0.011%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0232%1h4,333.5+0.372%$978K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0800%1h4,329.2+0.274%$29K$23K10xas long as short