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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.001%
Price spread now: Bitget against Extended+0.029%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.207% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$2 on $10k
Price spread, last 7 days+0.058%+$6 · spread now +0.029%, 7d avg +0.060%
Together, before fees+0.073%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.031% cheaper against Extended than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.060%). If the spread goes back, that is −$3 on $10k: about 8.6 days of funding at the current rate ($0 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PAXG-USD4,302.20.0016pay 0.0002% / 1h32m 25s$374K$1.5M25x
ShortBitget PAXGUSDT4,303.50.0028get 0.0014% / 4h3h 32m$9.4M$15.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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
$2.52
Price spread: +0.029% → +0.060%
−$3.09
Slippage, 4 orders
−$3.7
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$21.27
Costs to cover
0.207%
Break-even
66.1 days
Slippage from Extended: live order book, 1 min ago; Bitget: live order book, 1 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 Extended live order book, 1 min ago0.12 bp2.7 bp −$34.1 bp −$41doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago0.01 bp7.2 bp −$79.2 bp −$92doesn'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
Lighter PAXG−0.0176%1h4,301.3−0.022%$1.4M$618K25xas long as short
Hibachi PAXG/USDT-P−0.0176%1h4,304+0.041%$42K$172K20xas long as short
GRVT PAXG_USDT_Perp−0.0144%4h4,304.1+0.044%$1.5M$1.9M10xas long as short
Kraken Futures PF_PAXGUSD−0.0097%1h4,303.6+0.032%$1.2M$1.7M20xas long as short
dYdX PAXG-USD−0.0013%1h4,306.3+0.093%$100K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,305.6+0.078%$15.6M$3.8M100xas long as short
SunX PAXG-USDT0.0000%4h4,298.3−0.092%$2K$3.2M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,306.7+0.103%$7.9M$599K50xas long as short
HTX PAXG-USDT0.0000%4h4,308.1+0.135%$904K$819K75xas long as short
MEXC PAXG_USDT+0.0012%4h4,310.1+0.182%$16.8M$1.2M100xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PAXGUSDT+0.0012%4h4,303.6+0.032%$80.1M$80.0M75xas long as short
Extended PAXG-USDlong+0.0016%1h4,302.2long leg$374K$1.5M25x
Aster PAXGUSDT+0.0026%4h4,303.4+0.028%$899K$34K50xas long as short
Bitget PAXGUSDTshort+0.0028%4h4,303.5+0.029%$9.4M$15.7M50x
Injective PAXG/USDC PERP+0.0033%1h4,347.3+1.047%$1K$151K30xas long as short
ApeX Omni PAXGUSDT+0.0075%1h4,303+0.017%$261K$772K50xas long as short
Paradex PAXG-USD-PERP+0.0097%8h4,302.6+0.007%$81K$4.4M50xas long as short
Hyperliquid PAXG+0.0100%1h4,302.6+0.008%$21.0M$2.6M10xas long as short
Pacifica PAXG+0.0100%1h4,305.4+0.073%$1.0M$304K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,303.7+0.033%$14.8M$4.3M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,305.2+0.069%$28.7M$5.4M30xas long as short
BingX PAXG-USDT+0.0100%4h4,304.2+0.046%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,302.5+0.007%$1.2M$859K50xas long as short
Variational Omni PAXG+0.0100%4h4,302.4+0.005%$12.2M$230Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,302.9+0.015%$55210xas long as short
Phemex PAXGUSDT+0.0100%4h4,303+0.018%$1.5M$67K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,302.6+0.009%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0232%1h4,309.3+0.164%$933K$1.0M50xas long as short
01 Exchange PAXGUSD+0.0840%1h4,313.6+0.264%$29K$23K10xas long as short