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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0696%/8h= +76.2% APRnext payment +$0.87 per $10,000 · paid last 24h +0.169%
Price spread now: 01 Exchange against Coinbase International+0.188%7-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 3 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 +$21 a day on $10k at the current rate, and 01 Exchange is 0.188% dearer against Coinbase International than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International PAXG-PERP-INTX4,371.60.0304pay 0.0038% / 1h49m 11s$977K$1.1M50x
Short01 Exchange PAXGUSD4,379.80.1000get 0.0125% / 1h49m 11s$29K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Coinbase International. 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
$146.16
Price spread: +0.188% → 0.000%
$18.78
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$147.94
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago2.38 bp7.4 bp −$79.6 bp −$96doesn'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
dYdX PAXG-USD0.0000%1h4,367.1−0.103%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,370.9−0.016%$15.8M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,363.9−0.175%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,372+0.009%$8.0M$871K50xas long as short
HTX PAXG-USDT0.0000%4h4,370−0.036%$911K$661K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.556%$1K$151K30xas long as short
Lighter PAXG+0.0096%1h4,367.3−0.098%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,369.3−0.053%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,369.2−0.055%$20.8M$2.1M10xas long as short
Aster PAXGUSDT+0.0100%4h4,369.1−0.056%$911K$30K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,370.2−0.032%$1.0M$365K10xas long as short
Binance PAXGUSDT+0.0100%4h4,368.6−0.069%$80.3M$71.0M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,369.9−0.039%$15.2M$3.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,366.5−0.118%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,371.4−0.005%$28.5M$5.6M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,369−0.059%$9.7M$15.4M50xas long as short
BingX PAXG-USDT+0.0100%4h4,369.6−0.045%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,369.7−0.044%$1.4M$893K50xas long as short
Variational Omni PAXG+0.0100%4h4,367−0.106%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,367.6−0.091%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,366.2−0.123%$264K$792K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,368.1−0.080%$56010xas long as short
Phemex PAXGUSDT+0.0100%4h4,369−0.059%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,367.8−0.088%$382K$1.3M25xas long as short
Hibachi PAXG/USDT-P+0.0128%1h4,367.8−0.086%$42K$155K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,369.3−0.053%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0207%1h4,369.4−0.051%$1.3M$1.5M20xas long as short
Coinbase International PAXG-PERP-INTXlong+0.0304%1h4,371.6long leg$977K$1.1M50x
01 Exchange PAXGUSDshort+0.1000%1h4,379.8+0.188%$29K$23K10x