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+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.024%
Price spread now: Aster against SunX+0.091%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$730.733% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.179%+$18 on $10k
Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.091%, 7d avg +0.115%
Together, before fees+0.175%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.024% cheaper against SunX than usual: you would sell low and buy high (spread +0.091% now, against its 7-day average of +0.115%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,355.90get 0.0000% / 4h21m 13s$2K$3.9M20x
ShortAster PAXGUSDT4,359.90.0100get 0.0050% / 4h21m 13s$909K$30K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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
$21
Price spread: +0.091% → +0.115%
−$2.43
Slippage, 4 orders
−$57.25
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$54.69
Costs to cover
0.733%
Break-even
25.2 days
Slippage from SunX: live order book, 7 min ago; Aster: live order book, 57 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 SunX live order book, 7 min ago21.55 bp38.3 bp −$3867.5 bp −$675doesn't fitdoesn't fit
Sell Aster live order book, 57 min ago0.01 bp4.4 bp −$44.8 bp −$48doesn'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
Injective PAXG/USDC PERP−0.0007%1h4,347.3−0.198%$1K$151K30xas long as short
dYdX PAXG-USD0.0000%1h4,358.3+0.055%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,361.2+0.121%$15.8M$3.6M100xas long as short
SunX PAXG-USDTlong0.0000%4h4,355.9long leg$2K$3.9M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,361.8+0.136%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,363.3+0.170%$910K$646K75xas long as short
Lighter PAXG+0.0096%1h4,358.5+0.059%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,359+0.071%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,358.8+0.066%$20.4M$1.9M10xas long as short
Aster PAXGUSDTshort+0.0100%4h4,359.9+0.091%$909K$30K50x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,361.1+0.119%$1.0M$339K10xas long as short
Binance PAXGUSDT+0.0100%4h4,358.6+0.061%$80.0M$69.3M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,359.7+0.087%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,357.6+0.039%$16.1M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,361.6+0.129%$27.3M$5.4M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,359.2+0.074%$9.8M$14.4M50xas long as short
BingX PAXG-USDT+0.0100%4h4,359.8+0.088%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,361.2+0.121%$1.4M$972K50xas long as short
Variational Omni PAXG+0.0100%4h4,359+0.070%$12.5M$102Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,357.3+0.032%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,356.1+0.004%$263K$795K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,358.5+0.059%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,358+0.048%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,357.7+0.042%$378K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0128%1h4,360.1+0.096%$48K$143K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,358.8+0.066%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0286%1h4,359.8+0.089%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,361.7+0.132%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0976%1h4,370.7+0.339%$29K$23K10xas long as short