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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Deribit against SunX+0.168%7-day average +0.160% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$810.807% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.168%, 7d avg +0.160%
Together, before fees−0.009%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,343.10get 0.0000% / 4h1h 29m$2K$3.7M20x
ShortDeribit PAXG_USDC-PERPETUAL4,350.40get 0.0000% / 1h29m 33s$7.9M$868K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$0
Price spread: +0.168% → +0.160%
$0.78
Slippage, 4 orders
−$65.65
Fee SunX: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$79.88
Costs to cover
0.807%
Break-even
never at this rate
Slippage from SunX: live order book, 8 min ago; Deribit: live order book, 5 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, 8 min ago21.54 bp38.3 bp −$3867.5 bp −$675doesn't fitdoesn't fit
Sell Deribit live order book, 5 min ago3.39 bp9.2 bp −$915.2 bp −$152doesn'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
dYdX PAXG-USD0.0000%1h4,344.4+0.029%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,348.3+0.120%$15.6M$3.5M100xas long as short
SunX PAXG-USDTlong0.0000%4h4,343.1long leg$2K$3.7M20x
Deribit PAXG_USDC-PERPETUALshort0.0000%1h4,350.4+0.168%$7.9M$868K50x
HTX PAXG-USDT0.0000%4h4,349.4+0.145%$905K$653K75xas long as short
Hibachi PAXG/USDT-P+0.0032%1h4,345.5+0.056%$42K$154K20xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.097%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0066%4h4,346.7+0.084%$1.5M$1.9M10xas long as short
Lighter PAXG+0.0096%1h4,345.3+0.051%$1.4M$348K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,344.8+0.039%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,347.8+0.109%$20.8M$2.3M10xas long as short
Aster PAXGUSDT+0.0100%4h4,347.6+0.104%$907K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,347.7+0.107%$1.0M$340K10xas long as short
Binance PAXGUSDT+0.0100%4h4,345.8+0.061%$80.1M$70.6M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,346.8+0.086%$15.0M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,347.7+0.107%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,349.5+0.149%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,347.1+0.093%$9.6M$14.9M50xas long as short
BingX PAXG-USDT+0.0100%4h4,346.1+0.070%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,347.8+0.108%$1.3M$801K50xas long as short
Variational Omni PAXG+0.0100%4h4,345.5+0.055%$12.5M$99Kas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,345.8+0.061%$263K$790K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,346.2+0.072%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,344+0.021%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,345.2+0.050%$382K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,348.3+0.121%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,347.5+0.102%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.152%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0984%1h4,356.7+0.314%$29K$23K10xas long as short