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 +0.009%
Price spread now: BingX against Bitget−0.026%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$280.276% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.037%+$4 on $10k
Price spread, last 7 days+0.023%+$2 · spread now −0.026%, 7d avg +0.014%
Together, before fees+0.060%+$6 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: BingX is 0.040% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PAXGUSDT4,348.60.0100pay 0.0050% / 4h1h 58m$9.6M$15.0M50x
ShortBingX PAXG-USDT4,347.40.0100get 0.0050% / 4h1h 58m$6.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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: −0.026% → +0.014%
−$4.01
Slippage, 4 orders
−$5.63
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$31.64
Costs to cover
0.276%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 9 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 Bitget live order book, 5 min ago0.01 bp7.8 bp −$89.3 bp −$93doesn't fitdoesn't fit
Sell BingX live order book, 9 min ago0.07 bp5.1 bp −$55.6 bp −$569.5 bp −$95026.2 bp −$13.1K

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%1h4,343.8−0.109%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,348.4−0.003%$15.7M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,340.5−0.184%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,348.5−0.001%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,349.9+0.031%$905K$645K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.029%$1K$151K30xas long as short
Hibachi PAXG/USDT-P+0.0056%1h4,345.8−0.063%$42K$156K20xas long as short
GRVT PAXG_USDT_Perp+0.0062%4h4,345.8−0.063%$1.5M$2.0M10xas long as short
Lighter PAXG+0.0096%1h4,346.3−0.052%$1.4M$304K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,345.8−0.062%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,347.3−0.029%$20.8M$2.2M10xas long as short
Aster PAXGUSDT+0.0100%4h4,346.8−0.041%$907K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,346.7−0.042%$1.0M$340K10xas long as short
Binance PAXGUSDT+0.0100%4h4,347.5−0.024%$80.1M$70.7M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,348.7+0.004%$15.2M$3.5M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,347.8−0.017%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,349.5+0.023%$28.6M$5.3M30xas long as short
Bitget PAXGUSDTlong+0.0100%4h4,348.6long leg$9.6M$15.0M50x
BingX PAXG-USDTshort+0.0100%4h4,347.4−0.026%$6.8M
Backpack PAXG_USDC_PERP+0.0100%1h4,345.9−0.060%$1.3M$803K50xas long as short
Variational Omni PAXG+0.0100%4h4,345.1−0.080%$12.5M$109Kas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,342.7−0.134%$263K$791K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,346.3−0.052%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,343−0.128%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,345.7−0.066%$378K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,345.7−0.066%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,346.6−0.045%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.026%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1008%1h4,357.3+0.201%$29K$23K10xas long as short