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 +0.002%
Price spread now: HTX against Gate+0.033%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$550.549% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.087%+$9 on $10k
Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.033%, 7d avg +0.088%
Together, before fees+0.166%+$17 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 0.054% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.088%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PAXG_USDT4,319.80get 0.0000% / 8h58m 00s$15.6M$3.6M100x
ShortHTX PAXG-USDT4,321.20get 0.0000% / 4h58m 00s$902K$775K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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: +0.033% → +0.088%
−$5.43
Slippage, 4 orders
−$27.89
Fee Gate: 7.5 bp × 2 orders
−$15
Fee HTX: 6 bp × 2 orders
−$12
Net
−$60.32
Costs to cover
0.549%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; HTX: live order book, 46 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 Gate live order book, 1 min ago0.81 bp9.6 bp −$1013.0 bp −$13025.6 bp −$2,56460.4 bp −$30.2K
Sell HTX live order book, 46 min ago1.41 bp14.0 bp −$1417.2 bp −$17227.8 bp −$2,776doesn'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−0.0184%1h4,315.9−0.090%$1.4M$478K25xas long as short
GRVT PAXG_USDT_Perp−0.0106%4h4,317.7−0.049%$1.5M$2.0M10xas long as short
Hibachi PAXG/USDT-P−0.0080%1h4,318−0.042%$42K$167K20xas long as short
Kraken Futures PF_PAXGUSD−0.0055%1h4,318.9−0.021%$1.2M$1.9M20xas long as short
MEXC PAXG_USDT−0.0004%4h4,322.8+0.069%$16.6M$1.0M100xas long as short
Binance PAXGUSDT−0.0003%4h4,318.7−0.025%$79.7M$75.1M75xas long as short
dYdX PAXG-USD0.0000%1h4,317.9−0.044%$101K$12K5xas long as short
Extended PAXG-USD0.0000%1h4,317.5−0.053%$374K$919K25xas long as short
Gate PAXG_USDTlong0.0000%8h4,319.8long leg$15.6M$3.6M100x
SunX PAXG-USDT0.0000%4h4,314.6−0.120%$2K$3.3M20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,322.1+0.054%$7.9M$814K50xas long as short
HTX PAXG-USDTshort0.0000%4h4,321.2+0.033%$902K$775K75x
Aster PAXGUSDT+0.0013%4h4,320+0.005%$901K$27K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.637%$1K$151K30xas long as short
ApeX Omni PAXGUSDT+0.0045%1h4,317.3−0.057%$261K$773K50xas long as short
Bitget PAXGUSDT+0.0094%4h4,317.7−0.048%$9.4M$16.4M50xas long as short
Paradex PAXG-USD-PERP+0.0098%8h4,318.1−0.039%$85K$3.3M50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,318−0.042%$55410xas long as short
Hyperliquid PAXG+0.0100%1h4,318.8−0.023%$20.8M$2.4M10xas long as short
Pacifica PAXG+0.0100%1h4,319.2−0.015%$1.0M$306K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,318.8−0.023%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,320.4+0.014%$28.6M$5.3M30xas long as short
BingX PAXG-USDT+0.0100%4h4,318.8−0.022%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,318.7−0.025%$1.3M$826K50xas long as short
Variational Omni PAXG+0.0100%4h4,316.8−0.070%$12.3M$223Kas long as short
Phemex PAXGUSDT+0.0100%4h4,316−0.088%$1.5M$52K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,317.4−0.055%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0224%1h4,322.2+0.055%$949K$1.0M50xas long as short
01 Exchange PAXGUSD+0.0824%1h4,329+0.213%$29K$23K10xas long as short