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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Orderly against Variational Omni−0.136%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.136% cheaper against Variational Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PAXG4,301.70.0100pay 0.0050% / 4h3h 27m$12.2M$230K
ShortOrderly PERP_PAXG_USDC_mythos4,295.90.0100get 0.0050% / 4h3h 27m$55110x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Variational Omni. 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: −0.136% → 0.000%
−$13.58
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$19.58
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Orderly: 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 Variational Omni RFQ quote, 1 min ago2.83 bpdoesn't fit8.8 bp −$88doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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−0.0184%1h4,294.5−0.168%$1.4M$620K25xas long as short
Hibachi PAXG/USDT-P−0.0176%1h4,299.4−0.055%$42K$175K20xas long as short
GRVT PAXG_USDT_Perp−0.0122%4h4,302.6+0.020%$1.5M$1.9M10xas long as short
Kraken Futures PF_PAXGUSD−0.0097%1h4,296.3−0.126%$1.2M$1.8M20xas long as short
dYdX PAXG-USD−0.0011%1h4,302.6+0.019%$100K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,298.6−0.073%$15.6M$3.9M100xas long as short
SunX PAXG-USDT0.0000%4h4,291.3−0.242%$2K$3.2M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,300.9−0.020%$7.9M$600K50xas long as short
HTX PAXG-USDT0.0000%4h4,303+0.028%$904K$822K75xas long as short
MEXC PAXG_USDT+0.0012%4h4,305.7+0.092%$16.7M$1.2M100xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PAXGUSDT+0.0012%4h4,296.1−0.131%$79.9M$80.7M75xas long as short
Extended PAXG-USD+0.0016%1h4,295.3−0.150%$373K$1.5M25xas long as short
Bitget PAXGUSDT+0.0026%4h4,296−0.134%$9.5M$16.0M50xas long as short
Aster PAXGUSDT+0.0027%4h4,298.7−0.072%$898K$37K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+1.059%$1K$151K30xas long as short
ApeX Omni PAXGUSDT+0.0074%1h4,302.6+0.020%$261K$772K50xas long as short
Paradex PAXG-USD-PERP+0.0094%8h4,297.5−0.098%$81K$4.4M50xas long as short
Hyperliquid PAXG+0.0100%1h4,295.6−0.143%$21.0M$2.6M10xas long as short
Pacifica PAXG+0.0100%1h4,298.8−0.068%$1.0M$303K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,296.1−0.132%$14.8M$4.4M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,298.5−0.076%$28.6M$5.4M30xas long as short
BingX PAXG-USDT+0.0100%4h4,297.7−0.094%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,296.3−0.127%$1.2M$860K50xas long as short
Variational Omni PAXGlong+0.0100%4h4,301.7long leg$12.2M$230K
Orderly PERP_PAXG_USDC_mythosshort+0.0100%4h4,295.9−0.136%$55110x
Phemex PAXGUSDT+0.0100%4h4,297−0.110%$1.5M$68K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,294.8−0.161%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0232%1h4,300−0.040%$932K$1.0M50xas long as short
01 Exchange PAXGUSD+0.0840%1h4,307.2+0.127%$29K$23K10xas long as short