Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.035%

Price spread now: Reya against HTX−0.173%47s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.173% cheaper against HTX than usual: you would sell low and buy high (spread −0.173% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 3.0 days of funding at the current rate (+$6 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PAXG-USDT	4,363.1	0	get 0.0000% / 4h	38m 31s	$911K	$638K	75x
Short	Reya PAXGRUSDPERP	4,355.6	0.0189	get 0.0024% / 1h	38m 31s	$21K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee HTXbpFee ReyabpOrdersPrice spread, now −0.173%Rate

Funding earned: $39.79
Price spread: −0.173% → 0.000%: −$17.28
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $4.51
Costs to cover: 0.180%
Break-even: 6.2 days

Slippage unknown: HTX: live order book, 40 min ago; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 40 min ago	0.01 bp	24.8 bp −$25	27.3 bp −$273	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PAXG on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PAXG/USDC PERP	−0.0007%	1h	4,347.3	−0.362%	$1K	$151K	30x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,358.3	−0.110%	$102K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,358	−0.117%	$15.8M	$3.6M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,352.3	−0.248%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,359.2	−0.089%	$7.9M	$866K	50x	as long as short
HTX PAXG-USDTlong	0.0000%	4h	4,363.1	long leg	$911K	$638K	75x
Lighter PAXG	+0.0096%	1h	4,354.6	−0.195%	$1.4M	$270K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,355.2	−0.181%	$80K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,355.7	−0.170%	$20.4M	$1.8M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,356.9	−0.143%	$909K	$30K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PAXG	+0.0100%	1h	4,357	−0.141%	$1.0M	$339K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,355.4	−0.176%	$79.9M	$68.6M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,356.4	−0.154%	$15.2M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,356	−0.162%	$16.1M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,357.7	−0.124%	$27.0M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,356.4	−0.154%	$9.8M	$14.1M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,355.5	−0.174%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,356.9	−0.141%	$1.4M	$971K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,357.4	−0.131%	$12.5M	$104K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,358.5	−0.107%	$1.5M	$1.9M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,357.7	−0.125%	$263K	$795K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,357.4	−0.131%	$559	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,354	−0.209%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,354.6	−0.195%	$378K	$1.2M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0160%	1h	4,357.7	−0.125%	$48K	$141K	20x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,355.6	−0.173%	$21K	—	100x
Kraken Futures PF_PAXGUSD	+0.0286%	1h	4,357.2	−0.134%	$1.3M	$1.4M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0296%	1h	4,361.4	−0.038%	$976K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0984%	1h	4,366.3	+0.073%	$29K	$23K	10x	as long as short