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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Orderly against Hyperliquid−0.018%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PAXG4,347.80.0100pay 0.0013% / 1h17m 54s$20.3M$1.8M10x
ShortOrderly PERP_PAXG_USDC_mythos4,3470.0100get 0.0050% / 4h1h 17m$55810x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Hyperliquid. 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: −0.018% → 0.000%
−$1.84
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$16.84
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 5 min ago0.12 bp5.3 bp −$56.4 bp −$64doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PAXG-USD0.0000%1h4,347.3−0.013%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,349.7+0.044%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,341.7−0.141%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,351.7+0.090%$7.9M$865K50xas long as short
HTX PAXG-USDT0.0000%4h4,350.5+0.063%$909K$647K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.012%$1K$151K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,349+0.027%$1.3M$1.4M20xas long as short
Hibachi PAXG/USDT-P+0.0088%1h4,348.1+0.007%$47K$139K20xas long as short
Lighter PAXG+0.0096%1h4,346.6−0.027%$1.4M$273K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,347−0.019%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXGlong+0.0100%1h4,347.8long leg$20.3M$1.8M10x
Aster PAXGUSDT+0.0100%4h4,347.5−0.008%$907K$27K50xas long as short
Pacifica PAXG+0.0100%1h4,348.7+0.021%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,347.6−0.006%$80.0M$67.1M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,348.8+0.022%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,345−0.065%$16.0M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,349.9+0.049%$26.8M$5.2M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,347.7−0.002%$9.3M$13.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,347.5−0.007%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,348.3+0.011%$1.4M$954K50xas long as short
Variational Omni PAXG+0.0100%4h4,348.2+0.009%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,348.1+0.006%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,346.3−0.035%$263K$796K50xas long as short
Orderly PERP_PAXG_USDC_mythosshort+0.0100%4h4,347−0.018%$55810x
Phemex PAXGUSDT+0.0100%4h4,346−0.041%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,346.7−0.026%$378K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,347.7−0.003%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,351.8+0.092%$975K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1360%1h4,359.3+0.265%$29K$22K10xas long as short