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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against Deribit−0.184%7-day average −0.160% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$880.881% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.184%, 7d avg −0.160%
Together, before fees+0.011%+$1 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: SunX is 0.025% cheaper against Deribit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.160%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit PAXG_USDC-PERPETUAL4,3720get 0.0000% / 1h49m 17s$8.0M$871K50x
ShortSunX PAXG-USDT4,363.90get 0.0000% / 4h3h 49m$2K$3.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Deribit. 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: −0.184% → −0.160%
−$2.46
Slippage, 4 orders
−$73.07
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
−$90.54
Costs to cover
0.881%
Break-even
never at this rate
Slippage from Deribit: live order book, 5 min ago; SunX: live order book, 9 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 Deribit live order book, 5 min ago2.63 bp8.8 bp −$930.2 bp −$302doesn't fitdoesn't fit
Sell SunX live order book, 9 min ago30.79 bp34.8 bp −$35doesn't fitdoesn'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%1h4,367.1−0.112%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,370.9−0.025%$15.8M$3.4M100xas long as short
SunX PAXG-USDTshort0.0000%4h4,363.9−0.184%$2K$3.9M20x
Deribit PAXG_USDC-PERPETUALlong0.0000%1h4,372long leg$8.0M$871K50x
HTX PAXG-USDT0.0000%4h4,370−0.046%$911K$661K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.565%$1K$151K30xas long as short
Lighter PAXG+0.0096%1h4,367.3−0.107%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,369.3−0.062%$81K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,369.2−0.064%$20.8M$2.1M10xas long as short
Aster PAXGUSDT+0.0100%4h4,369.1−0.065%$911K$30K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,370.2−0.041%$1.0M$365K10xas long as short
Binance PAXGUSDT+0.0100%4h4,368.6−0.079%$80.3M$71.0M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,369.9−0.048%$15.2M$3.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,366.5−0.127%$16.2M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,371.4−0.014%$28.5M$5.6M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,369−0.068%$9.7M$15.4M50xas long as short
BingX PAXG-USDT+0.0100%4h4,369.6−0.054%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,369.7−0.054%$1.4M$893K50xas long as short
Variational Omni PAXG+0.0100%4h4,367−0.115%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,367.6−0.100%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,366.2−0.132%$264K$792K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,368.1−0.089%$56010xas long as short
Phemex PAXGUSDT+0.0100%4h4,369−0.068%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,367.8−0.097%$382K$1.3M25xas long as short
Hibachi PAXG/USDT-P+0.0128%1h4,367.8−0.096%$42K$155K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,369.3−0.062%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0207%1h4,369.4−0.060%$1.3M$1.5M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0304%1h4,371.6−0.009%$977K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1000%1h4,379.8+0.179%$29K$23K10xas long as short