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 −0.002%
Price spread now: Orderly against BingX−0.046%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.046% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PAXG-USDT4,317.90.0100pay 0.0050% / 4h1h 29m$6.8M
ShortOrderly PERP_PAXG_USDC_mythos4,315.90.0100get 0.0050% / 4h1h 29m$55410x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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: −0.046% → 0.000%
−$4.61
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$20.61
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 3 min ago0.12 bp5.3 bp −$55.8 bp −$589.1 bp −$90527.4 bp −$13.7K
Sell Orderly no order-book sample
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0184%1h4,314.9−0.070%$1.4M$466K25xas long as short
Hibachi PAXG/USDT-P−0.0152%1h4,318+0.003%$44K$166K20xas long as short
GRVT PAXG_USDT_Perp−0.0114%4h4,318.1+0.005%$1.5M$2.0M10xas long as short
Kraken Futures PF_PAXGUSD−0.0044%1h4,318+0.002%$1.2M$1.9M20xas long as short
Extended PAXG-USD−0.0008%1h4,315.7−0.052%$378K$625K25xas long as short
Binance PAXGUSDT−0.0005%4h4,316.8−0.026%$79.5M$74.9M75xas long as short
MEXC PAXG_USDT−0.0004%4h4,322.7+0.110%$16.5M$1.0M100xas long as short
dYdX PAXG-USD0.0000%1h4,317.90.000%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,318.9+0.023%$15.6M$3.8M100xas long as short
SunX PAXG-USDT0.0000%4h4,312.9−0.116%$2K$3.4M20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,321.1+0.074%$7.9M$850K50xas long as short
HTX PAXG-USDT0.0000%4h4,319.9+0.046%$903K$770K75xas long as short
ApeX Omni PAXGUSDT+0.0004%1h4,318.6+0.016%$261K$772K50xas long as short
Aster PAXGUSDT+0.0013%4h4,319.1+0.028%$901K$27K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.681%$1K$151K30xas long as short
Paradex PAXG-USD-PERP+0.0098%8h4,317−0.021%$85K$3.3M50xas long as short
Orderly PERP_PAXG_USDC_mythosshort+0.0100%4h4,315.9−0.046%$55410x
Hyperliquid PAXG+0.0100%1h4,317.3−0.014%$20.7M$2.4M10xas long as short
Pacifica PAXG+0.0100%1h4,319+0.026%$1.0M$316K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,317.4−0.011%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,319.2+0.029%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,316.3−0.037%$9.4M$16.4M50xas long as short
BingX PAXG-USDTlong+0.0100%4h4,317.9long leg$6.8M
Backpack PAXG_USDC_PERP+0.0100%1h4,317.2−0.016%$1.3M$814K50xas long as short
Variational Omni PAXG+0.0100%4h4,316.4−0.035%$12.3M$221Kas long as short
Phemex PAXGUSDT+0.0100%4h4,316−0.044%$1.5M$52K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,316.3−0.037%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0232%1h4,318.1+0.004%$972K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0792%1h4,327.2+0.216%$29K$23K10xas long as short