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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against Bybit+0.015%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.251% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 7 days+0.020%+$2 · spread now +0.015%, 7d avg +0.012%
Together, before fees+0.019%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PAXGUSDT4,346.10.0100pay 0.0050% / 4h1h 56m$15.1M$3.5M75x
ShortPacifica PAXG4,346.80.0100get 0.0013% / 1h56m 20s$1.0M$340K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
Price spread: +0.015% → +0.012%
$0.33
Slippage, 4 orders
−$6.12
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$24.79
Costs to cover
0.251%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Pacifica: 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, 2 min ago0.12 bp7.0 bp −$710.2 bp −$10224.2 bp −$2,420doesn't fit
Sell Pacifica live order book, 3 min ago0.12 bp4.1 bp −$4doesn't fitdoesn'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
dYdX PAXG-USD0.0000%1h4,343.8−0.053%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,347.7+0.036%$15.7M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,340.6−0.127%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,348.4+0.053%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,349.3+0.072%$904K$644K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.027%$1K$151K30xas long as short
Hibachi PAXG/USDT-P+0.0056%1h4,347.3+0.027%$42K$154K20xas long as short
GRVT PAXG_USDT_Perp+0.0066%4h4,345.8−0.008%$1.5M$2.0M10xas long as short
Lighter PAXG+0.0096%1h4,344.4−0.039%$1.4M$304K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,344.6−0.034%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,345.9−0.005%$20.7M$2.2M10xas long as short
Aster PAXGUSDT+0.0100%4h4,345.9−0.006%$907K$30K50xas long as short
Pacifica PAXGshort+0.0100%1h4,346.8+0.015%$1.0M$340K10x
Binance PAXGUSDT+0.0100%4h4,344.8−0.031%$80.0M$70.7M75xas long as short
Bybit PAXGUSDTlong+0.0100%4h4,346.1long leg$15.1M$3.5M75x
MEXC PAXG_USDT+0.0100%4h4,345.8−0.007%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,347.4+0.029%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,345.8−0.006%$9.6M$15.0M50xas long as short
BingX PAXG-USDT+0.0100%4h4,346−0.003%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,346.6+0.011%$1.3M$803K50xas long as short
Variational Omni PAXG+0.0100%4h4,345.1−0.024%$12.5M$109Kas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,345.2−0.022%$263K$791K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,345−0.026%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,345−0.026%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,343.7−0.055%$382K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,345.8−0.008%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,345.1−0.024%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.082%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0976%1h4,356.3+0.234%$29K$23K10xas long as short