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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%
Price spread now: Extended against Bybit−0.029%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$190.194% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.056%−$6 on $10k
Price spread, last 7 days−0.058%−$6 · spread now −0.029%, 7d avg −0.070%
Together, before fees−0.114%+ Points / potential airdropExtended: Active · farm board−$11 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: Extended is 0.041% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PAXGUSDT4,333.80.0100pay 0.0050% / 4h1h 48m$14.9M$4.7M75x
ShortExtended PAXG-USD4,332.50.0104get 0.0013% / 1h48m 23s$374K$1.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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
$0.84
Price spread: −0.029% → −0.070%
$4.1
Slippage, 4 orders
−$3.38
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$14.44
Costs to cover
0.194%
Break-even
127.4 days
Slippage from Bybit: live order book, 3 min ago; Extended: 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 Bybit live order book, 3 min ago0.12 bp6.9 bp −$711.2 bp −$11227.5 bp −$2,749doesn't fit
Sell Extended live order book, 3 min ago0.12 bp2.7 bp −$34.1 bp −$41doesn't fitdoesn't fit

PAXG on 29 exchanges

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-USD−0.0836%1h4,332.7−0.025%$117K$16K5xas long as short
Gate PAXG_USDT0.0000%8h4,335.6+0.042%$15.7M$4.0M100xas long as short
SunX PAXG-USDT0.0000%4h4,329.4−0.102%$2K$2.8M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,337.7+0.089%$7.9M$180K50xas long as short
HTX PAXG-USDT0.0000%4h4,338.8+0.116%$913K$824K75xas long as short
Lighter PAXG+0.0032%1h4,331.3−0.058%$1.4M$499K25xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.312%$1K$151K30xas long as short
Paradex PAXG-USD-PERP+0.0098%8h4,331.3−0.058%$80K$4.3M50xas long as short
Hyperliquid PAXG+0.0100%1h4,333.4−0.009%$21.3M$2.5M10xas long as short
Aster PAXGUSDT+0.0100%4h4,334.7+0.022%$907K$41K50xas long as short
Show all 29 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,333.9+0.003%$1.0M$306K10xas long as short
Binance PAXGUSDT+0.0100%4h4,334.1+0.006%$80.3M$81.7M75xas long as short
Bybit PAXGUSDTlong+0.0100%4h4,333.8long leg$14.9M$4.7M75x
MEXC PAXG_USDT+0.0100%4h4,336.7+0.068%$16.6M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,336+0.050%$28.9M$5.9M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,333.9+0.002%$9.2M$16.8M50xas long as short
BingX PAXG-USDT+0.0100%4h4,334.4+0.013%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,333.2−0.014%$1.2M$872K50xas long as short
Variational Omni PAXG+0.0100%4h4,333.6−0.004%$12.2M$279Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,333.3−0.011%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,333.6−0.004%$262K$798K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,333.1−0.016%$55610xas long as short
Phemex PAXGUSDT+0.0100%4h4,329−0.111%$1.5M$82K50xas long as short
Extended PAXG-USDshort+0.0104%1h4,332.5−0.029%$374K$1.5M25x
Kraken Futures PF_PAXGUSD+0.0187%1h4,334.8+0.023%$1.2M$2.1M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,333.6−0.004%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0264%1h4,337.6+0.087%$928K$1.1M50xas long as short
Hibachi PAXG/USDT-P+0.0320%1h4,334.6+0.019%$43K$181K20xas long as short
01 Exchange PAXGUSD+0.0960%1h4,343.4+0.222%$29K$23K10xas long as short