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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: ApeX Omni against Bitget−0.157%83s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$310.311% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 3 days (all we have)+0.145%+$14 · spread now −0.157%, 7d avg −0.021%
Together, before fees+0.151%+$15 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: ApeX Omni is 0.136% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PAXGUSDT4,356.80.0100pay 0.0050% / 4h1h 08m$9.2M$13.3M50x
ShortApeX Omni PAXGUSDT4,3500.0100get 0.0013% / 1h8m 03s$263K$796K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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: −0.157% → −0.021%
−$13.56
Slippage, 4 orders
−$9.11
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$44.67
Costs to cover
0.311%
Break-even
never at this rate
Slippage from Bitget: live order book, 6 min ago; ApeX Omni: live order book, 11 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 Bitget live order book, 6 min ago0.01 bp8.2 bp −$811.8 bp −$118doesn't fitdoesn't fit
Sell ApeX Omni live order book, 11 min ago2.53 bp7.9 bp −$894.0 bp −$940doesn'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
dYdX PAXG-USD0.0000%1h4,354.3−0.057%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,358.1+0.030%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,351.2−0.129%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,359.9+0.071%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,357.2+0.009%$911K$646K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.218%$1K$151K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,358.2+0.033%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,355.3−0.033%$1.4M$273K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,355.1−0.040%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,356.1−0.016%$20.4M$1.8M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,356.7−0.002%$909K$27K50xas long as short
Pacifica PAXG+0.0100%1h4,356−0.018%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,356.5−0.007%$80.2M$67.2M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,357+0.006%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,352.4−0.102%$16.0M$1.3M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,357.1+0.008%$26.9M$5.3M30xas long as short
Bitget PAXGUSDTlong+0.0100%4h4,356.8long leg$9.2M$13.3M50x
BingX PAXG-USDT+0.0100%4h4,356.4−0.010%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,357+0.004%$1.4M$955K50xas long as short
Variational Omni PAXG+0.0100%4h4,352.6−0.097%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,350.5−0.145%$1.6M$1.9M10xas long as short
ApeX Omni PAXGUSDTshort+0.0100%1h4,350−0.157%$263K$796K50x
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,355.3−0.034%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,353−0.087%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,355.6−0.027%$378K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0104%1h4,355−0.042%$48K$139K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,355.8−0.023%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,357.4+0.013%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1288%1h4,366.5+0.223%$29K$22K10xas long as short