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: Bybit against Bitget+0.007%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$300.301% 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−0.004%$0 · spread now +0.007%, 7d avg +0.011%
Together, before fees+0.033%+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PAXGUSDT4,343.50.0100pay 0.0050% / 4h1h 12m$9.6M$14.9M50x
ShortBybit PAXGUSDT4,343.80.0100get 0.0050% / 4h1h 12m$14.9M$3.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.007% → +0.011%
−$0.33
Slippage, 4 orders
−$7.15
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$30.48
Costs to cover
0.301%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, just now.

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, 1 min ago0.01 bp7.6 bp −$89.4 bp −$94doesn't fitdoesn't fit
Sell Bybit live order book, just now0.12 bp8.6 bp −$911.4 bp −$11427.4 bp −$2,737doesn'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
Hibachi PAXG/USDT-P−0.0040%1h4,342−0.033%$41K$154K20xas long as short
dYdX PAXG-USD0.0000%1h4,344.9+0.032%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,343.4−0.001%$15.6M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,338.9−0.105%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,346.3+0.065%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,349.9+0.149%$904K$659K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.088%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0084%4h4,345.6+0.050%$1.5M$1.9M10xas long as short
Lighter PAXG+0.0096%1h4,341.5−0.045%$1.4M$351K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,342.2−0.029%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,343.6+0.003%$20.8M$2.4M10xas long as short
Aster PAXGUSDT+0.0100%4h4,341.7−0.040%$906K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,343.5+0.001%$1.0M$340K10xas long as short
Binance PAXGUSDT+0.0100%4h4,342.5−0.023%$80.1M$70.7M75xas long as short
Bybit PAXGUSDTshort+0.0100%4h4,343.8+0.007%$14.9M$3.8M75x
MEXC PAXG_USDT+0.0100%4h4,345+0.035%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,345.4+0.045%$28.6M$5.3M30xas long as short
Bitget PAXGUSDTlong+0.0100%4h4,343.5long leg$9.6M$14.9M50x
BingX PAXG-USDT+0.0100%4h4,343.3−0.003%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,343.3−0.003%$1.3M$801K50xas long as short
Variational Omni PAXG+0.0100%4h4,344.8+0.031%$12.5M$99Kas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,342.9−0.012%$263K$790K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,342.2−0.029%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,342−0.034%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,341.4−0.048%$382K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,343.5+0.001%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,343.1−0.009%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,353+0.219%$972K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1000%1h4,352.9+0.217%$29K$23K10xas long as short