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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against BingX+0.055%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$280.277% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.017%−$2 · spread now +0.055%, 7d avg +0.030%
Together, before fees−0.017%−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.025% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PAXG-USDT4,344.40.0100pay 0.0050% / 4h2h 46m$6.8M
ShortKuCoin PAXGUSDTM4,346.80.0100get 0.0050% / 4h2h 46m$28.6M$5.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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: +0.055% → +0.030%
$2.5
Slippage, 4 orders
−$5.67
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$25.17
Costs to cover
0.277%
Break-even
never at this rate
Slippage from BingX: live order book, 1 min ago; KuCoin: live order book, 7 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 BingX live order book, 1 min ago0.07 bp5.1 bp −$55.3 bp −$5310.0 bp −$1,00526.2 bp −$13.1K
Sell KuCoin live order book, 7 min ago0.54 bp8.6 bp −$914.5 bp −$145doesn'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
Hibachi PAXG/USDT-P−0.0184%1h4,344.7+0.006%$45K$160K20xas long as short
Kraken Futures PF_PAXGUSD−0.0101%1h4,344.7+0.006%$1.3M$1.5M20xas long as short
Lighter PAXG−0.0064%1h4,342.4−0.048%$1.4M$365K25xas long as short
dYdX PAXG-USD0.0000%1h4,341.9−0.059%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,346+0.036%$15.7M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,340.3−0.095%$2K$3.5M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,347.5+0.071%$7.9M$843K50xas long as short
HTX PAXG-USDT0.0000%4h4,346.6+0.049%$906K$691K75xas long as short
ApeX Omni PAXGUSDT+0.0002%1h4,342.9−0.034%$263K$783K50xas long as short
GRVT PAXG_USDT_Perp+0.0018%4h4,343.8−0.015%$1.5M$1.9M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.066%$1K$151K30xas long as short
Extended PAXG-USD+0.0040%1h4,342.4−0.046%$379K$1.4M25xas long as short
MEXC PAXG_USDT+0.0040%4h4,344.8+0.008%$16.2M$1.0M100xas long as short
Binance PAXGUSDT+0.0042%4h4,343.6−0.019%$80.2M$70.4M75xas long as short
Aster PAXGUSDT+0.0077%4h4,343.6−0.020%$906K$26K50xas long as short
Hyperliquid PAXG+0.0093%1h4,343.6−0.019%$20.8M$2.3M10xas long as short
Paradex PAXG-USD-PERP+0.0099%8h4,344−0.011%$81K$3.4M50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,343.3−0.026%$55710xas long as short
Pacifica PAXG+0.0100%1h4,345.1+0.015%$1.0M$353K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,344.5+0.002%$14.9M$3.9M75xas long as short
KuCoin PAXGUSDTMshort+0.0100%4h4,346.8+0.055%$28.6M$5.3M30x
Bitget PAXGUSDT+0.0100%4h4,343.9−0.013%$9.7M$15.2M50xas long as short
BingX PAXG-USDTlong+0.0100%4h4,344.4long leg$6.8M
Backpack PAXG_USDC_PERP+0.0100%1h4,344.3−0.003%$1.3M$795K50xas long as short
Variational Omni PAXG+0.0100%4h4,342.8−0.038%$12.3M$222Kas long as short
Phemex PAXGUSDT+0.0100%4h4,339−0.125%$1.5M$39K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,343.2−0.028%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0248%1h4,347.5+0.072%$956K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0768%1h4,354.7+0.236%$29K$24K10xas long as short