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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0864%/8h= +94.6% APRpaid last 24h +0.265%
Price spread now: 01 Exchange against SunX+0.299%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and 01 Exchange is 0.299% dearer against SunX than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,3070get 0.0000% / 4h3h 18m$2K$3.2M20x
Short01 Exchange PAXGUSD4,319.90.0864get 0.0108% / 1h18m 56s$29K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$181.44
Price spread: +0.299% → 0.000%
$29.86
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$196.3
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: SunX: live order book, 9 min ago; 01 Exchange: no order-book sample. 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 SunX live order book, 9 min ago21.55 bp38.3 bp −$3867.6 bp −$676doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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
Lighter PAXG−0.0176%1h4,308.9+0.042%$1.4M$626K25xas long as short
Hibachi PAXG/USDT-P−0.0168%1h4,309.3+0.052%$41K$184K20xas long as short
dYdX PAXG-USD−0.0142%1h4,309.6+0.058%$103K$15K5xas long as short
GRVT PAXG_USDT_Perp−0.0140%4h4,308.6+0.036%$1.5M$1.9M10xas long as short
Kraken Futures PF_PAXGUSD−0.0097%1h4,311.6+0.105%$1.2M$2.0M20xas long as short
Gate PAXG_USDT0.0000%8h4,313+0.138%$15.6M$4.0M100xas long as short
SunX PAXG-USDTlong0.0000%4h4,307long leg$2K$3.2M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,314.9+0.183%$7.9M$449K50xas long as short
HTX PAXG-USDT0.0000%4h4,313+0.137%$906K$834K75xas long as short
MEXC PAXG_USDT+0.0004%4h4,313.1+0.141%$16.7M$1.2M100xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PAXGUSDT+0.0005%4h4,310.7+0.084%$80.2M$81.2M75xas long as short
Extended PAXG-USD+0.0008%1h4,309.6+0.060%$373K$1.5M25xas long as short
Bitget PAXGUSDT+0.0014%4h4,310.1+0.070%$9.5M$16.1M50xas long as short
ApeX Omni PAXGUSDT+0.0020%1h4,306.3−0.016%$261K$789K50xas long as short
Aster PAXGUSDT+0.0022%4h4,310.9+0.089%$902K$37K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.935%$1K$151K30xas long as short
Hyperliquid PAXG+0.0069%1h4,309.9+0.066%$21.2M$2.7M10xas long as short
Paradex PAXG-USD-PERP+0.0084%8h4,308.1+0.025%$81K$4.4M50xas long as short
Pacifica PAXG+0.0100%1h4,311.3+0.099%$1.0M$305K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,311.1+0.094%$14.9M$4.5M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,312.7+0.131%$28.7M$5.4M30xas long as short
BingX PAXG-USDT+0.0100%4h4,311.4+0.101%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,310.6+0.084%$1.2M$849K50xas long as short
Variational Omni PAXG+0.0100%4h4,307.7+0.016%$12.2M$231Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,309.9+0.066%$55310xas long as short
Phemex PAXGUSDT+0.0100%4h4,308+0.022%$1.5M$78K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,310.4+0.079%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0232%1h4,313.5+0.151%$931K$1.0M50xas long as short
01 Exchange PAXGUSDshort+0.0864%1h4,319.9+0.299%$29K$23K10x