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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0920%/8h= −100.7% APRpaid last 24h −0.264%
Price spread now: SunX against 01 Exchange−0.330%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 feesneeds both histories
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and SunX is 0.330% cheaper against 01 Exchange than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange PAXGUSD4,323.60.0920pay 0.0115% / 1h10m 15s$29K$23K10x
ShortSunX PAXG-USDT4,309.40get 0.0000% / 4h10m 15s$2K$3.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against 01 Exchange. 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
−$193.2
Price spread: −0.330% → 0.000%
−$32.96
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
−$241.16
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; SunX: live order book, 8 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 01 Exchange no order-book sample
Sell SunX live order book, 8 min ago21.54 bp25.5 bp −$2655.2 bp −$552doesn't fitdoesn't fit
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−0.0192%1h4,310.8−0.296%$1.4M$502K25xas long as short
Hibachi PAXG/USDT-P−0.0160%1h4,315.5−0.188%$42K$171K20xas long as short
GRVT PAXG_USDT_Perp−0.0116%4h4,314.9−0.201%$1.5M$2.0M10xas long as short
Kraken Futures PF_PAXGUSD−0.0055%1h4,313−0.244%$1.2M$1.7M20xas long as short
dYdX PAXG-USD0.0000%1h4,313.4−0.237%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,314.5−0.210%$15.6M$3.8M100xas long as short
SunX PAXG-USDTshort0.0000%4h4,309.4−0.330%$2K$3.2M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,317.4−0.144%$7.9M$594K50xas long as short
HTX PAXG-USDT0.0000%4h4,316.7−0.161%$902K$796K75xas long as short
Extended PAXG-USD+0.0024%1h4,312−0.269%$376K$1.5M25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC PAXG_USDT+0.0024%4h4,318.8−0.110%$16.7M$1.1M100xas long as short
Binance PAXGUSDT+0.0026%4h4,313.4−0.236%$79.8M$76.4M75xas long as short
Aster PAXGUSDT+0.0032%4h4,313.1−0.243%$900K$30K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.548%$1K$151K30xas long as short
ApeX Omni PAXGUSDT+0.0039%1h4,314.3−0.215%$261K$774K50xas long as short
Bitget PAXGUSDT+0.0048%4h4,312.4−0.259%$9.5M$16.0M50xas long as short
Paradex PAXG-USD-PERP+0.0096%8h4,312.4−0.259%$87K$3.9M50xas long as short
Hyperliquid PAXG+0.0100%1h4,312.6−0.254%$20.8M$2.3M10xas long as short
Pacifica PAXG+0.0100%1h4,314.3−0.216%$1.0M$302K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,313.5−0.234%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,314.4−0.213%$28.6M$5.3M30xas long as short
BingX PAXG-USDT+0.0100%4h4,313.9−0.223%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,312.8−0.249%$1.3M$834K50xas long as short
Variational Omni PAXG+0.0100%4h4,312.6−0.254%$12.2M$218Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,313.3−0.238%$55310xas long as short
Phemex PAXGUSDT+0.0100%4h4,312−0.268%$1.5M$53K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,312.9−0.248%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0224%1h4,318.8−0.111%$950K$1.0M50xas long as short
01 Exchange PAXGUSDlong+0.0920%1h4,323.6long leg$29K$23K10x