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% APRpaid last 24h +0.010%
Price spread now: HTX against dYdX+0.114%7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$2232.228% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.172%+$17 on $10k
Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.114%, 7d avg +0.142%
Together, before fees+0.224%+$22 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: HTX is 0.028% cheaper against dYdX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.142%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX PAXG-USD4,321.40get 0.0000% / 1h34m 47s$101K$12K5x
ShortHTX PAXG-USDT4,326.40get 0.0000% / 4h34m 47s$903K$783K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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: +0.114% → +0.142%
−$2.83
Slippage, 4 orders
−$200.78
Fee dYdX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$225.61
Costs to cover
2.228%
Break-even
never at this rate
Slippage from dYdX: live order book, 4 min ago; HTX: live order book, 4 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 dYdX live order book, 4 min ago89.55 bp94.6 bp −$9594.6 bp −$94696.4 bp −$9,644638.6 bp −$319.3K
Sell HTX live order book, 4 min ago1.02 bp13.1 bp −$1315.9 bp −$15919.1 bp −$1,908doesn'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−0.0176%1h4,318.9−0.058%$1.4M$482K25xas long as short
GRVT PAXG_USDT_Perp−0.0104%4h4,321.8+0.009%$1.5M$2.0M10xas long as short
Hibachi PAXG/USDT-P−0.0104%1h4,321.6+0.003%$41K$168K20xas long as short
Kraken Futures PF_PAXGUSD−0.0055%1h4,321.4−0.002%$1.2M$1.8M20xas long as short
dYdX PAXG-USDlong0.0000%1h4,321.4long leg$101K$12K5x
Gate PAXG_USDT0.0000%8h4,323.3+0.043%$15.6M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,317.4−0.094%$2K$3.2M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,324.5+0.070%$7.9M$659K50xas long as short
HTX PAXG-USDTshort0.0000%4h4,326.4+0.114%$903K$783K75x
MEXC PAXG_USDT+0.0012%4h4,326.5+0.118%$16.7M$1.0M100xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PAXGUSDT+0.0014%4h4,321.2−0.005%$79.7M$74.1M75xas long as short
Extended PAXG-USD+0.0016%1h4,320−0.033%$376K$1.6M25xas long as short
Aster PAXGUSDT+0.0022%4h4,321.9+0.010%$902K$29K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.598%$1K$151K30xas long as short
ApeX Omni PAXGUSDT+0.0056%1h4,318.9−0.058%$262K$773K50xas long as short
Bitget PAXGUSDT+0.0074%4h4,321.1−0.009%$9.4M$15.9M50xas long as short
Paradex PAXG-USD-PERP+0.0098%8h4,320−0.034%$85K$3.5M50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,320.4−0.024%$55410xas long as short
Hyperliquid PAXG+0.0100%1h4,321.4−0.001%$20.8M$2.4M10xas long as short
Pacifica PAXG+0.0100%1h4,322.4+0.023%$1.0M$303K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,321.3−0.003%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,322.8+0.032%$28.7M$5.3M30xas long as short
BingX PAXG-USDT+0.0100%4h4,322.3+0.020%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,321.7+0.005%$1.3M$822K50xas long as short
Variational Omni PAXG+0.0100%4h4,320.3−0.026%$12.3M$218Kas long as short
Phemex PAXGUSDT+0.0100%4h4,322+0.013%$1.5M$52K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,319.9−0.036%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0224%1h4,325.9+0.104%$950K$1.0M50xas long as short
01 Exchange PAXGUSD+0.0912%1h4,331.5+0.233%$29K$23K10xas long as short