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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0107%/8h= +11.7% APRnext payment +$0.13 per $10,000 · paid last 24h +0.026%
Price spread now: Coinbase International against Reya+0.027%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 fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.027% dearer against Reya than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya PAXGRUSDPERP4,335.50.0189pay 0.0024% / 1h44m 16s$20K100x
ShortCoinbase International PAXG-PERP-INTX4,336.70.0296get 0.0037% / 1h44m 16s$987K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Reya. 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
$22.37
Price spread: +0.027% → 0.000%
$2.68
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$9.05
Costs to cover
0.160%
Break-even
4.2 days
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 4 min ago. 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 Reya no order-book sample
Sell Coinbase International live order book, 4 min ago1.13 bp7.4 bp −$720.5 bp −$205166.7 bp −$16.7Kdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi PAXG/USDT-P−0.0168%1h4,335.8+0.006%$42K$154K20xas long as short
Lighter PAXG−0.0160%1h4,334−0.036%$1.4M$362K25xas long as short
GRVT PAXG_USDT_Perp−0.0144%4h4,333.7−0.042%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT−0.0086%1h4,335.3−0.004%$262K$787K50xas long as short
dYdX PAXG-USD0.0000%1h4,334.8−0.017%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,338.1+0.059%$15.6M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,330−0.128%$2K$3.6M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,338.6+0.072%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,339.9+0.100%$903K$684K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.272%$1K$151K30xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PAXGUSDT+0.0062%4h4,335−0.012%$80.0M$71.2M75xas long as short
Extended PAXG-USD+0.0064%1h4,333.9−0.039%$378K$1.4M25xas long as short
MEXC PAXG_USDT+0.0064%4h4,337.6+0.047%$16.1M$1.0M100xas long as short
Kraken Futures PF_PAXGUSD+0.0065%1h4,335.9+0.009%$1.3M$1.4M20xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,335.8+0.005%$81K$3.7M50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,334.7−0.019%$55610xas long as short
Hyperliquid PAXG+0.0100%1h4,335.9+0.009%$20.7M$2.4M10xas long as short
Aster PAXGUSDT+0.0100%4h4,335.7+0.004%$905K$27K50xas long as short
Pacifica PAXG+0.0100%1h4,337.7+0.049%$1.0M$338K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,336.3+0.018%$14.9M$3.8M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,338.2+0.061%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,335.9+0.008%$9.7M$15.2M50xas long as short
BingX PAXG-USDT+0.0100%4h4,336.5+0.022%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,336.4+0.020%$1.3M$800K50xas long as short
Variational Omni PAXG+0.0100%4h4,336+0.011%$12.3M$227Kas long as short
Phemex PAXGUSDT+0.0100%4h4,333−0.058%$1.5M$39K50xas long as short
Reya PAXGRUSDPERPlong+0.0189%1h4,335.5long leg$20K100x
Coinbase International PAXG-PERP-INTXshort+0.0296%1h4,336.7+0.027%$987K$1.1M50x
01 Exchange PAXGUSD+0.1016%1h4,346.7+0.258%$29K$23K10xas long as short