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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0756%/8h= +82.8% APRpaid last 24h +0.239%
Price spread now: 01 Exchange against Bitget+0.286%57s7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$23 a day on $10k at the current rate, and 01 Exchange is 0.286% dearer against Bitget than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PAXGUSDT4,343.10.0100pay 0.0050% / 4h17m 42s$9.7M$14.9M50x
Short01 Exchange PAXGUSD4,355.50.0856get 0.0107% / 1h17m 42s$29K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$158.76
Price spread: +0.286% → 0.000%
$28.55
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$168.31
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Bitget: live order book, 1 min ago; 01 Exchange: no order-book sample. 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 Bitget live order book, 1 min ago0.01 bp9.0 bp −$910.8 bp −$108doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
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
Hibachi PAXG/USDT-P−0.0136%1h4,343.4+0.008%$42K$155K20xas long as short
dYdX PAXG-USD0.0000%1h4,345.5+0.055%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,344.7+0.037%$15.6M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,338.5−0.105%$2K$3.6M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,345.5+0.054%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,348.1+0.115%$907K$679K75xas long as short
Lighter PAXG+0.0008%1h4,341.6−0.035%$1.4M$357K25xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.097%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0084%4h4,343.8+0.016%$1.5M$1.9M10xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,342.1−0.023%$81K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,342.5−0.014%$55710xas long as short
Hyperliquid PAXG+0.0100%1h4,342.9−0.005%$20.8M$2.4M10xas long as short
Aster PAXGUSDT+0.0100%4h4,343.2+0.002%$906K$28K50xas long as short
Pacifica PAXG+0.0100%1h4,344.3+0.028%$1.0M$340K10xas long as short
Binance PAXGUSDT+0.0100%4h4,342.6−0.012%$80.1M$70.7M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,343.2+0.002%$14.9M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,343.3+0.004%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,345.7+0.060%$28.6M$5.4M30xas long as short
Bitget PAXGUSDTlong+0.0100%4h4,343.1long leg$9.7M$14.9M50x
BingX PAXG-USDT+0.0100%4h4,343.6+0.012%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,342.8−0.007%$1.3M$804K50xas long as short
Variational Omni PAXG+0.0100%4h4,343−0.001%$12.5M$97Kas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,342.2−0.020%$263K$787K50xas long as short
Phemex PAXGUSDT+0.0100%4h4,340−0.071%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,340.8−0.054%$379K$1.5M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,341.9−0.028%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0210%1h4,343.1−0.001%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,348.9+0.134%$968K$1.1M50xas long as short
01 Exchange PAXGUSDshort+0.0856%1h4,355.5+0.286%$29K$23K10x