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 +0.005%
Price spread now: KuCoin against Bitget+0.099%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$320.320% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 7 days−0.056%−$6 · spread now +0.099%, 7d avg +0.044%
Together, before fees−0.018%−$2 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: KuCoin is 0.054% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PAXGUSDT4,325.10.0100pay 0.0050% / 4h2h 03m$9.3M$16.1M50x
ShortKuCoin PAXGUSDTM4,329.30.0100get 0.0050% / 4h2h 03m$28.5M$5.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.099% → +0.044%
$5.43
Slippage, 4 orders
−$8.01
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$26.59
Costs to cover
0.320%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 5 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 bp7.2 bp −$710.4 bp −$104doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago0.66 bp7.2 bp −$713.9 bp −$139doesn'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
Lighter PAXG−0.0128%1h4,324.6−0.011%$1.4M$392K25xas long as short
Hibachi PAXG/USDT-P−0.0112%1h4,328.3+0.074%$42K$165K20xas long as short
Kraken Futures PF_PAXGUSD−0.0102%1h4,327.8+0.063%$1.2M$1.9M20xas long as short
GRVT PAXG_USDT_Perp−0.0058%4h4,330.7+0.131%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT−0.0002%1h4,329.5+0.102%$262K$783K50xas long as short
dYdX PAXG-USD0.0000%1h4,328.9+0.089%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,328.5+0.080%$15.6M$3.8M100xas long as short
SunX PAXG-USDT0.0000%4h4,322.6−0.057%$2K$3.4M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,330.8+0.133%$7.9M$835K50xas long as short
HTX PAXG-USDT0.0000%4h4,332.7+0.177%$903K$745K75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PAXGUSDT+0.0014%4h4,326+0.023%$79.8M$74.3M75xas long as short
Extended PAXG-USD+0.0016%1h4,324.9−0.004%$376K$1.4M25xas long as short
MEXC PAXG_USDT+0.0016%4h4,328.1+0.069%$16.4M$1.1M100xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.514%$1K$151K30xas long as short
Aster PAXGUSDT+0.0040%4h4,328.9+0.088%$903K$27K50xas long as short
Paradex PAXG-USD-PERP+0.0097%8h4,325.7+0.014%$81K$3.2M50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,327.1+0.047%$55510xas long as short
Hyperliquid PAXG+0.0100%1h4,326.9+0.042%$20.8M$2.4M10xas long as short
Pacifica PAXG+0.0100%1h4,327.8+0.063%$1.0M$336K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,326.9+0.042%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTMshort+0.0100%4h4,329.3+0.099%$28.5M$5.3M30x
Bitget PAXGUSDTlong+0.0100%4h4,325.1long leg$9.3M$16.1M50x
BingX PAXG-USDT+0.0100%4h4,327.3+0.052%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,327+0.044%$1.3M$810K50xas long as short
Variational Omni PAXG+0.0100%4h4,330+0.114%$12.3M$221Kas long as short
Phemex PAXGUSDT+0.0100%4h4,325−0.001%$1.5M$45K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,326.4+0.030%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0248%1h4,333.5+0.194%$978K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0856%1h4,390.5+1.513%$29K$24K10xas long as short