data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb /

PAXG

all PAXG markets
SwapPrice view
Alert
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC0.0000%/8h
next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 7 days+0.050%to open and close $10k−$23
Long on HyperliquidShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PAXG4,325.70.0100pay 0.0013% / 1h52m 42s$20.2M$1.6M10x
ShortBackpack PAXG_USDC_PERP4,324.40.0100get 0.0013% / 1h52m 42s$1.1M$778K50x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$4.37
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$23.37
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Backpack: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.032%
Avg gap 7d
+0.016%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 12 min ago0.12 bp4.6 bp −$55.9 bp −$59doesn't fitdoesn't fit
Sell Backpack live order book, 3 min ago0.01 bp5.0 bp −$55.3 bp −$53doesn't fitdoesn't fit

PAXG on 28 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni PAXGUSDT−0.0314%1h$262K$791K50xas long as short
dYdX PAXG-USD0.0000%1h$101K$19K5xas long as short
Gate PAXG_USDT0.0000%8h$15.8M$4.0M100xas long as short
SunX PAXG-USDT0.0000%4h$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h$7.8M$831K50xas long as short
HTX PAXG-USDT0.0000%4h$911K$556K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h$1K$88K30xas long as short
Lighter PAXG+0.0080%1h$1.4M$689K25xas long as short
Hibachi PAXG/USDT-P+0.0096%1h$44K$139K20xas long as short
Paradex PAXG-USD-PERP+0.0100%8h$84K$2.5M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Hyperliquid PAXGlong+0.0100%1h$20.2M$1.6M10x
Aster PAXGUSDT+0.0100%4h$901K$70K50xas long as short
Pacifica PAXG+0.0100%1h$1.0M$429K10xas long as short
Binance PAXGUSDT+0.0100%4h$78.3M$59.7M75xas long as short
Bybit PAXGUSDT+0.0100%4h$14.9M$3.0M75xas long as short
MEXC PAXG_USDT+0.0100%4h$16.1M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h$26.8M$4.7M30xas long as short
Bitget PAXGUSDT+0.0100%4h$9.0M$11.4M50xas long as short
BingX PAXG-USDT+0.0100%4h—$6.7M—as long as short
Backpack PAXG_USDC_PERPshort+0.0100%1h$1.1M$778K50x
Variational Omni PAXG+0.0100%4h$12.5M$66K—as long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h$555—10xas long as short
Phemex PAXGUSDT+0.0100%4h$1.5M$33K50xas long as short
Extended PAXG-USD+0.0104%1h$375K$1.2M25xas long as short
Kraken Futures PF_PAXGUSD+0.0144%1h$1.3M$988K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h$20K—100xas long as short
Coinbase International PAXG-PERP-INTX+0.0240%1h$798K$802K50xas long as short
01 Exchange PAXGUSD+0.0920%1h$15K$7K10xas long as short