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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0868%/8h= +95.0% APRpaid last 24h +0.220%
Price spread now: 01 Exchange against Bybit+0.216%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and 01 Exchange is 0.216% dearer against Bybit than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PAXGUSDT4,364.80.0100pay 0.0050% / 4h14m 28s$15.2M$3.6M75x
Short01 Exchange PAXGUSD4,374.20.0968get 0.0121% / 1h14m 28s$29K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$182.28
Price spread: +0.216% → 0.000%
$21.63
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$185.91
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Bybit: live order book, 4 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 4 min ago0.12 bp7.6 bp −$811.5 bp −$11529.2 bp −$2,921doesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective PAXG/USDC PERP−0.0007%1h4,347.3−0.400%$1K$151K30xas long as short
dYdX PAXG-USD0.0000%1h4,362.4−0.054%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,365.3+0.012%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,359.5−0.121%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,365.8+0.024%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,365.7+0.021%$912K$645K75xas long as short
Lighter PAXG+0.0096%1h4,362.9−0.043%$1.4M$272K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,363.6−0.027%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,363.4−0.031%$20.5M$1.9M10xas long as short
Aster PAXGUSDT+0.0100%4h4,363.9−0.021%$910K$30K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,364.80.000%$1.0M$354K10xas long as short
Binance PAXGUSDT+0.0100%4h4,363.9−0.020%$80.1M$69.6M75xas long as short
Bybit PAXGUSDTlong+0.0100%4h4,364.8long leg$15.2M$3.6M75x
MEXC PAXG_USDT+0.0100%4h4,361.5−0.074%$16.1M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,365.5+0.017%$27.3M$5.4M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,364.7−0.002%$9.8M$14.7M50xas long as short
BingX PAXG-USDT+0.0100%4h4,364−0.016%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,364.5−0.005%$1.4M$972K50xas long as short
Variational Omni PAXG+0.0100%4h4,363.3−0.033%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,363.1−0.037%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,361.1−0.085%$264K$795K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,362.7−0.047%$56010xas long as short
Phemex PAXGUSDT+0.0100%4h4,359−0.132%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,363−0.040%$378K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0152%1h4,364.1−0.016%$48K$143K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,363.5−0.030%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0285%1h4,363.7−0.024%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,367.2+0.055%$976K$1.1M50xas long as short
01 Exchange PAXGUSDshort+0.0968%1h4,374.2+0.216%$29K$23K10x