data as of
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Funding arb /

PAXG

all PAXG markets
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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 18:00 UTC+0.0012%/8h
next payment, per $10,000+$0.01paid, last 24h+0.002%paid, last 7 days+0.012%to open and close $10k−$14
Long on LighterShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter PAXG4,336.50.0088pay 0.0011% / 1h17m 31s$1.4M$705K25x
ShortBackpack PAXG_USDC_PERP4,339.10.0100get 0.0013% / 1h17m 31s$1.1M$1.1M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$2.52
Slippage, 4 orders
−$3.84
Fee Lighter: 0 bp × 2 orders
$0
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$11.32
Break-even
38.4 days
Slippage from Lighter: live order book, 5 min ago; Backpack: live order book, 3 min ago.

Price risk

price view
Price gap now
+0.062%
Avg gap 7d
+0.015%
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 Lighter live order book, 5 min ago1.26 bp1.5 bp −$12.7 bp −$2719.5 bp −$1,947doesn't fit
Sell Backpack live order book, 3 min ago0.01 bp5.0 bp −$55.8 bp −$58doesn't fitdoesn't fit

PAXG on 28 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hibachi PAXG/USDT-P−0.0464%1h$41K$152K20xas long as short
dYdX PAXG-USD0.0000%1h$101K$19K5xas long as short
Gate PAXG_USDT0.0000%8h$15.7M$4.4M100xas long as short
SunX PAXG-USDT0.0000%4h$2K$4.2M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h$7.9M$833K50xas long as short
HTX PAXG-USDT0.0000%4h$909K$650K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h$1K$97K30xas long as short
Kraken Futures PF_PAXGUSD+0.0069%1h$1.3M$1.4M20xas long as short
Lighter PAXGlong+0.0088%1h$1.4M$705K25x
Paradex PAXG-USD-PERP+0.0100%8h$84K$4.0M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h$20.3M$1.8M10xas long as short
Aster PAXGUSDT+0.0100%4h$904K$71K50xas long as short
Pacifica PAXG+0.0100%1h$1.0M$387K10xas long as short
Binance PAXGUSDT+0.0100%4h$79.4M$67.2M75xas long as short
Bybit PAXGUSDT+0.0100%4h$14.9M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h$15.9M$1.3M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h$26.8M$5.0M30xas long as short
Bitget PAXGUSDT+0.0100%4h$9.2M$13.1M50xas long as short
BingX PAXG-USDT+0.0100%4h—$6.8M—as long as short
Backpack PAXG_USDC_PERPshort+0.0100%1h$1.1M$1.1M50x
Variational Omni PAXG+0.0100%4h$12.4M$75K—as long as short
ApeX Omni PAXGUSDT+0.0100%1h$262K$788K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h$556—10xas long as short
Phemex PAXGUSDT+0.0100%4h$1.5M$33K50xas long as short
Extended PAXG-USD+0.0104%1h$376K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h$21K—100xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h$969K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0424%1h$15K$3K10xas long as short