data as of
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Price arb /

PAXG

all PAXG markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$29
spread now−0.023%7d average−0.054%fees + slippage, in and out−$32spread needed0.323%
Long on GateShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PAXG_USDT4,332.40get 0.0000% / 8h1h 51m$15.9M$4.1M100x
ShortBackpack PAXG_USDC_PERP4,331.40.0100get 0.0013% / 1h51m 38s$1.1M$779K50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2.33
Funding while held
$3
Slippage, 4 orders
−$7.35
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$31.68
Spread needed to break even
0.323%
Slippage from Gate: live order book, 4 min ago; Backpack: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0100%
Per $10,000 a day
+$3.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago1.27 bp9.0 bp −$911.3 bp −$11327.2 bp −$2,72460.7 bp −$30.4K
Sell Backpack live order book, 4 min ago0.01 bp5.0 bp −$55.3 bp −$53doesn't fitdoesn't fit

PAXG price on every exchange

against the cheapest. Click to use as the short leg.
SunX4,323.8cheapestHibachi4,324+0.004%Orderly4,325.8+0.046%Phemex4,326+0.050%Reya4,326.2+0.055%Kraken Futures4,326.8+0.069%ApeX Omni4,326.9+0.071%BingX4,328.7+0.112%dYdX4,328.8+0.114%Lighter4,329.4+0.128%Paradex4,329.7+0.137%Coinbase International4,330+0.143%Extended4,330.2+0.146%Bitget4,330.3+0.149%Deribit4,330.6+0.157%Bybit4,330.8+0.161%Aster4,330.9+0.163%Hyperliquid4,330.9+0.164%MEXC4,330.9+0.164%Binance4,331.2+0.170%
Backpack4,331.4+0.175%
HTX4,331.5+0.178%Pacifica4,331.6+0.181%
Gate4,332.4+0.198%
KuCoin4,332.8+0.208%Variational Omni4,336.8+0.301%01 Exchange4,337.3+0.312%Injective4,361.2+0.865%

PAXG on 28 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX PAXG-USDT−0.198%0.0000%4h$2K$3.7M20xas long as short
Hibachi PAXG/USDT-P−0.194%+0.0096%1h$44K$139K20xas long as short
Orderly PERP_PAXG_USDC_mythos−0.152%+0.0100%4h$555—10xas long as short
Phemex PAXGUSDT−0.148%+0.0100%4h$1.5M$33K50xas long as short
Reya PAXGRUSDPERP−0.143%+0.0189%1h$20K—100xas long as short
Kraken Futures PF_PAXGUSD−0.129%+0.0144%1h$1.3M$988K20xas long as short
ApeX Omni PAXGUSDT−0.127%−0.0314%1h$262K$791K50xas long as short
BingX PAXG-USDT−0.087%+0.0100%4h—$6.7M—as long as short
dYdX PAXG-USD−0.084%0.0000%1h$101K$19K5xas long as short
Lighter PAXG−0.070%+0.0080%1h$1.4M$689K25xas long as short
Show all 28 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex PAXG-USD-PERP−0.062%+0.0100%8h$84K$2.5M50xas long as short
Coinbase International PAXG-PERP-INTX−0.055%+0.0240%1h$819K$805K50xas long as short
Extended PAXG-USD−0.052%+0.0104%1h$375K$1.2M25xas long as short
Bitget PAXGUSDT−0.049%+0.0100%4h$9.1M$11.4M50xas long as short
Deribit PAXG_USDC-PERPETUAL−0.041%0.0000%1h$7.9M$831K50xas long as short
Bybit PAXGUSDT−0.037%+0.0100%4h$14.9M$3.0M75xas long as short
Aster PAXGUSDT−0.035%+0.0100%4h$903K$70K50xas long as short
Hyperliquid PAXG−0.035%+0.0100%1h$20.2M$1.6M10xas long as short
MEXC PAXG_USDT−0.034%+0.0100%4h$16.1M$1.2M100xas long as short
Binance PAXGUSDT−0.028%+0.0100%4h$78.4M$60.3M75xas long as short
Backpack PAXG_USDC_PERPshort−0.023%+0.0100%1h$1.1M$779K50x
HTX PAXG-USDT−0.020%0.0000%4h$911K$560K75xas long as short
Pacifica PAXG−0.018%+0.0100%1h$1.0M$429K10xas long as short
Gate PAXG_USDTlong0.000%0.0000%8h$15.9M$4.1M100x
KuCoin PAXGUSDTM+0.010%+0.0100%4h$26.9M$4.7M30xas long as short
Variational Omni PAXG+0.102%+0.0100%4h$12.5M$66K—as long as short
01 Exchange PAXGUSD+0.113%+0.0856%1h$15K$7K10xas long as short
Injective PAXG/USDC PERP+0.665%+0.0033%1h$1K$88K30xas long as short