Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.046%

Price spread now: HTX against Reya+0.185%7-day average — · you sell dearer than you buy

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

Long on Reya Short on HTX

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

The price spread pays, funding is against you. HTX is 0.185% dearer against Reya than usual: you sell high and buy low (spread +0.185% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PAXGRUSDPERP	4,339.6	0.0189	pay 0.0024% / 1h	50m 40s	$21K	—	100x
Short	HTX PAXG-USDT	4,347.7	0	get 0.0000% / 4h	1h 50m	$904K	$653K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee ReyabpFee HTXbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$39.79
Price spread: +0.185% → 0.000%: $18.52
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$39.26
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; HTX: live order book, 13 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell HTX live order book, 13 min ago	1.15 bp	11.9 bp −$12	14.7 bp −$147	18.4 bp −$1,844	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PAXG-USD	0.0000%	1h	4,344.3	+0.107%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,343	+0.078%	$15.7M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,335	−0.106%	$2K	$3.7M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,344.8	+0.118%	$7.9M	$868K	50x	as long as short
HTX PAXG-USDTshort	0.0000%	4h	4,347.7	+0.185%	$904K	$653K	75x
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.177%	$1K	$151K	30x	as long as short
GRVT PAXG_USDT_Perp	+0.0070%	4h	4,346.6	+0.161%	$1.5M	$1.9M	10x	as long as short
Hibachi PAXG/USDT-P	+0.0072%	1h	4,346.3	+0.154%	$42K	$154K	20x	as long as short
Lighter PAXG	+0.0096%	1h	4,340.6	+0.023%	$1.4M	$305K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,340.6	+0.022%	$80K	$3.7M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	4,341.9	+0.053%	$20.7M	$2.2M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,343.4	+0.086%	$906K	$30K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,342.3	+0.063%	$1.0M	$340K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,340.5	+0.021%	$80.0M	$70.7M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,342.3	+0.062%	$14.9M	$3.8M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,341.7	+0.048%	$16.1M	$1.1M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,343.8	+0.095%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,341.1	+0.034%	$9.6M	$15.0M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,341.6	+0.046%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,342.4	+0.064%	$1.3M	$804K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,341	+0.032%	$12.4M	$104K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,344.3	+0.108%	$263K	$791K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,341.1	+0.034%	$557	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,340	+0.009%	$1.5M	$39K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,339.4	−0.005%	$382K	$1.4M	25x	as long as short
Kraken Futures PF_PAXGUSD	+0.0173%	1h	4,342	+0.056%	$1.3M	$1.4M	20x	as long as short
Reya PAXGRUSDPERPlong	+0.0189%	1h	4,339.6	long leg	$21K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0320%	1h	4,349.7	+0.232%	$971K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1008%	1h	4,351.4	+0.271%	$29K	$23K	10x	as long as short