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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.056%
Price spread now: Coinbase International against Aster+0.088%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs+$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$250.250% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.309%+$31 on $10k
Price spread, last 3 days (all we have)+0.028%+$3 · spread now +0.088%, 7d avg +0.077%
Together, before fees+0.337%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PAXGUSDT4,345.90.0100pay 0.0050% / 4h1h 57m$907K$30K50x
ShortCoinbase International PAXG-PERP-INTX4,349.70.0320get 0.0040% / 1h57m 11s$971K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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
$46.2
Price spread: +0.088% → +0.077%
$1.06
Slippage, 4 orders
−$7.02
Fee Aster: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$22.24
Costs to cover
0.250%
Break-even
3.6 days
Slippage from Aster: live order book, 6 min ago; Coinbase International: live order book, 1 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 Aster live order book, 6 min ago0.01 bp5.8 bp −$614.1 bp −$141doesn't fitdoesn't fit
Sell Coinbase International live order book, 1 min ago2.38 bp7.4 bp −$714.1 bp −$141159.0 bp −$15.9Kdoesn'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%1h4,343.8−0.048%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,348.1+0.051%$15.7M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,341.4−0.103%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,349.5+0.084%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,349.2+0.077%$904K$644K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.033%$1K$151K30xas long as short
Hibachi PAXG/USDT-P+0.0056%1h4,347.3+0.033%$42K$154K20xas long as short
GRVT PAXG_USDT_Perp+0.0066%4h4,345.8−0.002%$1.5M$2.0M10xas long as short
Lighter PAXG+0.0096%1h4,345.6−0.007%$1.4M$304K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,346.1+0.006%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,346.8+0.021%$20.8M$2.2M10xas long as short
Aster PAXGUSDTlong+0.0100%4h4,345.9long leg$907K$30K50x
Pacifica PAXG+0.0100%1h4,347.6+0.039%$1.0M$340K10xas long as short
Binance PAXGUSDT+0.0100%4h4,346+0.002%$80.1M$70.7M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,347.8+0.043%$15.2M$3.5M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,346.7+0.019%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,348.7+0.065%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,346.6+0.016%$9.6M$15.0M50xas long as short
BingX PAXG-USDT+0.0100%4h4,347.1+0.028%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,346.6+0.017%$1.3M$803K50xas long as short
Variational Omni PAXG+0.0100%4h4,345.1−0.018%$12.5M$109Kas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,345.2−0.016%$263K$791K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,346.1+0.005%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,345−0.020%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,345−0.021%$382K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,347.1+0.028%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,346.3+0.011%$21K100xas long as short
Coinbase International PAXG-PERP-INTXshort+0.0320%1h4,349.7+0.088%$971K$1.1M50x
01 Exchange PAXGUSD+0.0944%1h4,411.4+1.508%$30K$23K10xas long as short