data as of
Settings8H · net · $10k
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Funding arb /

PAXG

all PAXG markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC−0.0148%/8h
next payment, per $10,000−$0.19paid, last 24h−0.048%paid, last 7 days−0.295%to open and close $10k−$27
Long on Coinbase InternationalShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International PAXG-PERP-INTX4,343.20.0248pay 0.0031% / 1h55m 19s$982K$1.1M50x
ShortHyperliquid PAXG4,340.30.0100get 0.0013% / 1h55m 19s$20.3M$1.7M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$31.08
Slippage, 4 orders
−$8.05
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$58.13
Break-even
never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Hyperliquid: live order book, 9 min ago.

Price risk

price view
Price gap now
−0.067%
Avg gap 7d
−0.080%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 5 min ago2.28 bp9.4 bp −$912.5 bp −$125doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago0.35 bp5.3 bp −$57.2 bp −$72doesn't fitdoesn't fit

PAXG on 28 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hibachi PAXG/USDT-P−0.0152%1h$41K$143K20xas long as short
Injective PAXG/USDC PERP−0.0038%1h$1K$116K30xas long as short
Kraken Futures PF_PAXGUSD−0.0017%1h$1.3M$1.0M20xas long as short
dYdX PAXG-USD0.0000%1h$101K$19K5xas long as short
Gate PAXG_USDT0.0000%8h$15.8M$4.3M100xas long as short
SunX PAXG-USDT0.0000%4h$2K$4.0M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h$7.9M$831K50xas long as short
HTX PAXG-USDT0.0000%4h$915K$600K75xas long as short
Lighter PAXG+0.0080%1h$1.4M$693K25xas long as short
Paradex PAXG-USD-PERP+0.0099%8h$81K$2.7M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Hyperliquid PAXGshort+0.0100%1h$20.3M$1.7M10x
Aster PAXGUSDT+0.0100%4h$904K$71K50xas long as short
Pacifica PAXG+0.0100%1h$1.0M$406K10xas long as short
Binance PAXGUSDT+0.0100%4h$79.1M$64.3M75xas long as short
Bybit PAXGUSDT+0.0100%4h$15.1M$3.2M75xas long as short
MEXC PAXG_USDT+0.0100%4h$16.1M$1.3M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h$26.8M$4.9M30xas long as short
Bitget PAXGUSDT+0.0100%4h$9.1M$12.0M50xas long as short
BingX PAXG-USDT+0.0100%4h—$6.8M—as long as short
Backpack PAXG_USDC_PERP+0.0100%1h$1.1M$833K50xas long as short
Variational Omni PAXG+0.0100%4h$12.5M$70K—as long as short
ApeX Omni PAXGUSDT+0.0100%1h$262K$790K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h$557—10xas long as short
Phemex PAXGUSDT+0.0100%4h$1.5M$35K50xas long as short
Extended PAXG-USD+0.0104%1h$375K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h$21K—100xas long as short
Coinbase International PAXG-PERP-INTXlong+0.0248%1h$982K$1.1M50x
01 Exchange PAXGUSD+0.0776%1h$15K$7K10xas long as short