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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1007%/8h= +110.3% APRnext payment +$1.26 per $10,000 · paid last 24h +0.245%
Price spread now: 01 Exchange against Injective+2.194%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and 01 Exchange is 2.194% dearer against Injective than usual: you sell high and buy low: +$219 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective PAXG/USDC PERP4,347.3−0.0007get 0.0001% / 1h41m 43s$1K$151K30x
Short01 Exchange PAXGUSD4,442.70.1000get 0.0125% / 1h41m 43s$30K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Injective. 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
$211.53
Price spread: +2.194% → 0.000%
$219.45
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$423.96
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; 01 Exchange: 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 Injective no order-book sample
Sell 01 Exchange no order-book sample
Injective and 01 Exchange: 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
Injective PAXG/USDC PERPlong−0.0007%1h4,347.3long leg$1K$151K30x
dYdX PAXG-USD0.0000%1h4,358.3+0.253%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,359.1+0.271%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,353.6+0.146%$1K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,361.5+0.326%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,363.4+0.371%$911K$634K75xas long as short
Lighter PAXG+0.0096%1h4,356.9+0.221%$1.4M$270K25xas long as short
ApeX Omni PAXGUSDT+0.0097%1h4,354.4+0.162%$263K$796K50xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,358.1+0.248%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,358.2+0.251%$20.4M$1.8M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,357.9+0.244%$909K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,359.2+0.273%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,357.8+0.242%$80.0M$68.6M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,358.5+0.258%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,356.7+0.216%$16.1M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,360.1+0.294%$27.0M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,358.7+0.261%$9.9M$14.0M50xas long as short
BingX PAXG-USDT+0.0100%4h4,358.4+0.255%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,358.5+0.257%$1.4M$971K50xas long as short
Variational Omni PAXG+0.0100%4h4,357.9+0.244%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,355.6+0.192%$1.5M$1.9M10xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,358.6+0.260%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,355+0.177%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,356.7+0.217%$378K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0152%1h4,357.5+0.235%$48K$141K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,359.4+0.279%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0286%1h4,358.8+0.264%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,362.5+0.351%$976K$1.1M50xas long as short
01 Exchange PAXGUSDshort+0.1000%1h4,442.7+2.194%$30K$23K10x