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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Bitget against MEXC+0.020%7-day average −0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$250.247% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 7 days+0.022%+$2 · spread now +0.020%, 7d avg −0.076%
Together, before fees+0.043%+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.096% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PAXG_USDT4,346.60.0100pay 0.0050% / 4h1h 28m$16.2M$1.1M100x
ShortBitget PAXGUSDT4,347.40.0100get 0.0050% / 4h1h 28m$9.6M$14.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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: +0.020% → −0.076%
$9.57
Slippage, 4 orders
−$8.75
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$15.17
Costs to cover
0.247%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago1.39 bp4.0 bp −$423.4 bp −$23454.2 bp −$5,423102.5 bp −$51.2K
Sell Bitget live order book, 5 min ago0.01 bp7.1 bp −$79.9 bp −$99doesn't fitdoesn't fit

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%1h4,344.4−0.051%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,348.2+0.038%$15.6M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,341.6−0.114%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,348.8+0.052%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,349.4+0.066%$906K$653K75xas long as short
Hibachi PAXG/USDT-P+0.0024%1h4,347.2+0.015%$42K$154K20xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.017%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0066%4h4,346.7+0.004%$1.5M$1.9M10xas long as short
Lighter PAXG+0.0096%1h4,345.3−0.028%$1.4M$348K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,345.5−0.025%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,346.9+0.008%$20.8M$2.4M10xas long as short
Aster PAXGUSDT+0.0100%4h4,346−0.012%$907K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,347.5+0.021%$1.0M$340K10xas long as short
Binance PAXGUSDT+0.0100%4h4,346.4−0.003%$80.1M$70.6M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,347.5+0.022%$15.0M$3.8M75xas long as short
MEXC PAXG_USDTlong+0.0100%4h4,346.6long leg$16.2M$1.1M100x
KuCoin PAXGUSDTM+0.0100%4h4,349.5+0.068%$28.6M$5.3M30xas long as short
Bitget PAXGUSDTshort+0.0100%4h4,347.4+0.020%$9.6M$14.9M50x
BingX PAXG-USDT+0.0100%4h4,346.6+0.001%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,345.5−0.025%$1.3M$801K50xas long as short
Variational Omni PAXG+0.0100%4h4,345.5−0.025%$12.5M$99Kas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,345.8−0.018%$263K$790K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,344.5−0.047%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,344−0.059%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,344.8−0.041%$382K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,346.3−0.005%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,345.8−0.017%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.072%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0984%1h4,356.7+0.234%$29K$23K10xas long as short