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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.002%
Price spread now: Extended against HTX−0.062%7-day average −0.201% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$420.423% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 3 days (all we have)−0.160%−$16 · spread now −0.062%, 7d avg −0.201%
Together, before fees−0.141%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.139% dearer against HTX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.201%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PAXG-USDT4,358.80get 0.0000% / 4h1h 04m$911K$634K75x
ShortExtended PAXG-USD4,356.10.0104get 0.0013% / 1h4m 44s$378K$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against HTX. 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
$21.84
Price spread: −0.062% → −0.201%
$13.87
Slippage, 4 orders
−$25.32
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$6.61
Costs to cover
0.423%
Break-even
9.1 days
Slippage from HTX: live order book, 14 min ago; Extended: 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 HTX live order book, 14 min ago0.01 bp24.8 bp −$2527.3 bp −$273doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago0.12 bp2.7 bp −$34.1 bp −$41doesn'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
dYdX PAXG-USD0.0000%1h4,354.3−0.104%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,358.8−0.001%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,351.2−0.176%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,359.9+0.023%$7.9M$866K50xas long as short
HTX PAXG-USDTlong0.0000%4h4,358.8long leg$911K$634K75x
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.265%$1K$151K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,358.5−0.008%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,356.2−0.061%$1.4M$274K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,356.9−0.044%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,357.1−0.039%$20.4M$1.8M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,356.9−0.044%$909K$29K50xas long as short
Pacifica PAXG+0.0100%1h4,358.1−0.017%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,357.7−0.026%$80.3M$67.3M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,357.8−0.024%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,353.5−0.123%$16.0M$1.3M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,358.2−0.015%$26.9M$5.2M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,357.3−0.035%$9.2M$13.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,356.8−0.046%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,357.1−0.039%$1.4M$954K50xas long as short
Variational Omni PAXG+0.0100%4h4,356.4−0.057%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,355.3−0.081%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,354.7−0.094%$263K$797K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,355.3−0.081%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,352−0.157%$1.5M$38K50xas long as short
Extended PAXG-USDshort+0.0104%1h4,356.1−0.062%$378K$1.2M25x
Hibachi PAXG/USDT-P+0.0112%1h4,356.6−0.052%$48K$139K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,356.3−0.058%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,357.4−0.034%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1272%1h4,367+0.187%$29K$22K10xas long as short