Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0129%/8h= +14.2% APRpaid last 24h +0.027%

Price spread now: Reya against MEXC−0.081%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Reya

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.081% cheaper against MEXC than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PAXG_USDT	4,337.1	0.0060	pay 0.0030% / 4h	3h 41m	$16.1M	$1.0M	100x
Short	Reya PAXGRUSDPERP	4,333.5	0.0189	get 0.0024% / 1h	41m 26s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee MEXCbpFee ReyabpOrdersPrice spread, now −0.081%Rate

Funding earned: $27.19
Price spread: −0.081% → 0.000%: −$8.07
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: $9.11
Costs to cover: 0.100%
Break-even: 4.7 days

Slippage unknown: MEXC: live order book, 2 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 2 min ago	1.04 bp	3.8 bp −$4	20.7 bp −$207	62.5 bp −$6,248	138.5 bp −$69.2K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PAXG	−0.0168%	1h	4,332.9	−0.095%	$1.4M	$362K	25x	as long as short
Hibachi PAXG/USDT-P	−0.0168%	1h	4,334.5	−0.058%	$42K	$154K	20x	as long as short
GRVT PAXG_USDT_Perp	−0.0134%	4h	4,336.7	−0.008%	$1.5M	$1.9M	10x	as long as short
ApeX Omni PAXGUSDT	−0.0090%	1h	4,335.3	−0.039%	$262K	$787K	50x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,334.8	−0.052%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,335.6	−0.033%	$15.6M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,329.2	−0.181%	$2K	$3.6M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,337.9	+0.019%	$7.9M	$868K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,339.9	+0.066%	$903K	$687K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.236%	$1K	$151K	30x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PAXGUSDT	+0.0058%	4h	4,333.6	−0.081%	$79.9M	$71.2M	75x	as long as short
MEXC PAXG_USDTlong	+0.0060%	4h	4,337.1	long leg	$16.1M	$1.0M	100x
Extended PAXG-USD	+0.0064%	1h	4,332.4	−0.108%	$378K	$1.4M	25x	as long as short
Kraken Futures PF_PAXGUSD	+0.0065%	1h	4,334.9	−0.049%	$1.3M	$1.4M	20x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,333.5	−0.083%	$81K	$3.7M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,334.6	−0.056%	$556	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,334.1	−0.068%	$20.7M	$2.4M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,334.3	−0.063%	$904K	$27K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,336.1	−0.022%	$1.0M	$338K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,334.6	−0.056%	$14.9M	$3.8M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,336.7	−0.009%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,333.9	−0.073%	$9.7M	$15.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,334.9	−0.050%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,335	−0.048%	$1.3M	$800K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,336	−0.024%	$12.3M	$227K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,333	−0.093%	$1.5M	$38K	50x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,333.5	−0.081%	$20K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0296%	1h	4,338.9	+0.043%	$987K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1016%	1h	4,348.1	+0.255%	$29K	$23K	10x	as long as short