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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Paradex against BingX−0.020%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$200.196% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.005%−$1 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.020%, 7d avg −0.039%
Together, before fees−0.018%+ Points / potential airdropParadex: Active · farm board−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PAXG-USDT4,358.30.0100pay 0.0050% / 4h41m 26s$6.8M
ShortParadex PAXG-USD-PERP4,357.50.0100get 0.0100% / 8h41m 26s$80K$3.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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: −0.020% → −0.039%
$1.9
Slippage, 4 orders
−$5.63
Fee BingX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$17.73
Costs to cover
0.196%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Paradex: 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 BingX live order book, 11 min ago0.14 bp5.9 bp −$68.0 bp −$8011.8 bp −$1,18224.7 bp −$12.3K
Sell Paradex live order book, 3 min ago2.28 bp4.3 bp −$497.3 bp −$973doesn'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
Injective PAXG/USDC PERP−0.0007%1h4,347.3−0.253%$1K$151K30xas long as short
dYdX PAXG-USD0.0000%1h4,358.30.000%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,359.3+0.022%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,353.6−0.107%$1K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,361.5+0.072%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,363.4+0.117%$911K$634K75xas long as short
Lighter PAXG+0.0096%1h4,356.9−0.032%$1.4M$270K25xas long as short
ApeX Omni PAXGUSDT+0.0097%1h4,354.4−0.091%$263K$796K50xas long as short
Paradex PAXG-USD-PERPshort+0.0100%8h4,357.5−0.020%$80K$3.7M50x
Hyperliquid PAXG+0.0100%1h4,358.2−0.003%$20.4M$1.8M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,358−0.008%$909K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,359.2+0.020%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,357.8−0.011%$80.0M$68.6M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,358.3−0.001%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,356.6−0.040%$16.1M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,360.1+0.042%$27.0M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,359.1+0.017%$9.9M$14.0M50xas long as short
BingX PAXG-USDTlong+0.0100%4h4,358.3long leg$6.8M
Backpack PAXG_USDC_PERP+0.0100%1h4,358.5+0.004%$1.4M$971K50xas long as short
Variational Omni PAXG+0.0100%4h4,357.9−0.010%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,359.7+0.032%$1.5M$1.9M10xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,357.4−0.021%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,355−0.076%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,357−0.030%$378K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0160%1h4,359.5+0.026%$48K$141K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,357.8−0.013%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0286%1h4,358.8+0.010%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,362.5+0.097%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0992%1h4,368.6+0.236%$29K$23K10xas long as short