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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.027%
Price spread now: Variational Omni against Reya−0.001%7-day average · you buy dearer than you sell
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 · Variational Omni: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya PAXGRUSDPERP4,357.40.0189pay 0.0024% / 1h39m 42s$21K100x
ShortVariational Omni PAXG4,357.40.0100get 0.0050% / 4h39m 42s$12.5M$104K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$18.79
Price spread: −0.001% → 0.000%
−$0.08
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$24.87
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago2.84 bpdoesn't fit7.9 bp −$79doesn't fitdoesn'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
Injective PAXG/USDC PERP−0.0007%1h4,347.3−0.233%$1K$151K30xas long as short
dYdX PAXG-USD0.0000%1h4,358.3+0.020%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,358.8+0.031%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,353.4−0.093%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,360.2+0.062%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,363+0.129%$911K$637K75xas long as short
Lighter PAXG+0.0096%1h4,355.6−0.042%$1.4M$270K25xas long as short
ApeX Omni PAXGUSDT+0.0097%1h4,354.4−0.071%$263K$796K50xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,357.7+0.006%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,356.7−0.017%$20.4M$1.8M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,357.2−0.006%$909K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,359.2+0.040%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,356.6−0.018%$79.9M$68.6M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,357.1−0.009%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,356−0.033%$16.1M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,358.9+0.034%$27.0M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,357.4−0.001%$9.9M$14.0M50xas long as short
BingX PAXG-USDT+0.0100%4h4,356.9−0.011%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,357.8+0.008%$1.4M$971K50xas long as short
Variational Omni PAXGshort+0.0100%4h4,357.4−0.001%$12.5M$104K
GRVT PAXG_USDT_Perp+0.0100%4h4,359.7+0.052%$1.5M$1.9M10xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,357.4−0.001%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,354−0.079%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,355.6−0.042%$378K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0160%1h4,359+0.037%$48K$141K20xas long as short
Reya PAXGRUSDPERPlong+0.0189%1h4,357.4long leg$21K100x
Kraken Futures PF_PAXGUSD+0.0286%1h4,358.1+0.014%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,361.4+0.092%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0992%1h4,369.1+0.268%$29K$23K10xas long as short