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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.005%
Price spread now: Extended against Bitget−0.035%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.224% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.035%, 7d avg −0.045%
Together, before fees−0.020%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PAXGUSDT4,357.50.0100pay 0.0050% / 4h3h 35m$9.7M$15.0M50x
ShortExtended PAXG-USD4,3560.0104get 0.0013% / 1h35m 13s$379K$1.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.035% → −0.045%
$0.93
Slippage, 4 orders
−$5.39
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$20.62
Costs to cover
0.224%
Break-even
178.9 days
Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago0.01 bp9.2 bp −$910.6 bp −$106doesn't fitdoesn't fit
Sell Extended live order book, 3 min ago0.12 bp2.7 bp −$34.1 bp −$41doesn'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%1h4,359.2+0.040%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,358.3+0.019%$15.7M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,352.9−0.106%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,360.8+0.076%$7.9M$871K50xas long as short
HTX PAXG-USDT0.0000%4h4,363.6+0.139%$907K$659K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.234%$1K$151K30xas long as short
Lighter PAXG+0.0096%1h4,356.1−0.031%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,357−0.012%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,357.50.000%$20.8M$2.1M10xas long as short
Aster PAXGUSDT+0.0100%4h4,357.3−0.005%$909K$29K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,358.7+0.028%$1.0M$368K10xas long as short
Binance PAXGUSDT+0.0100%4h4,357−0.011%$80.1M$71.0M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,358.4+0.020%$15.1M$3.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,357.4−0.002%$16.2M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,359.6+0.047%$28.4M$5.6M30xas long as short
Bitget PAXGUSDTlong+0.0100%4h4,357.5long leg$9.7M$15.0M50x
BingX PAXG-USDT+0.0100%4h4,357.9+0.008%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,358+0.013%$1.4M$853K50xas long as short
Variational Omni PAXG+0.0100%4h4,358.3+0.018%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,356.3−0.028%$1.6M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,355.5−0.047%$263K$785K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,357.50.000%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,355−0.057%$1.5M$39K50xas long as short
Extended PAXG-USDshort+0.0104%1h4,356−0.035%$379K$1.6M25x
Hibachi PAXG/USDT-P+0.0136%1h4,358.1+0.014%$42K$157K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,357.3−0.005%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0208%1h4,357.7+0.006%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0304%1h4,366.2+0.199%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1024%1h4,368.7+0.257%$29K$23K10xas long as short