Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.057%

Price spread now: Reya against Gate−0.057%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Reya

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.057% cheaper against Gate than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 24 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PAXG_USDT	4,345.3	0	get 0.0000% / 8h	2h 49m	$15.6M	$3.3M	100x
Short	Reya PAXGRUSDPERP	4,342.8	0.0189	get 0.0024% / 1h	49m 52s	$21K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee ReyabpOrdersPrice spread, now −0.057%Rate

Funding earned: $39.79
Price spread: −0.057% → 0.000%: −$5.75
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $13.04
Costs to cover: 0.210%
Break-even: 4.7 days

Slippage unknown: Gate: live order book, 4 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 4 min ago	0.46 bp	8.7 bp −$9	11.9 bp −$119	25.4 bp −$2,542	61.2 bp −$30.6K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi PAXG/USDT-P	−0.0200%	1h	4,343.5	−0.041%	$46K	$158K	20x	as long as short
Kraken Futures PF_PAXGUSD	−0.0101%	1h	4,344.2	−0.025%	$1.3M	$1.5M	20x	as long as short
Lighter PAXG	−0.0064%	1h	4,342	−0.075%	$1.4M	$365K	25x	as long as short
ApeX Omni PAXGUSDT	−0.0021%	1h	4,338.3	−0.160%	$262K	$784K	50x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,341.9	−0.079%	$101K	$12K	5x	as long as short
Gate PAXG_USDTlong	0.0000%	8h	4,345.3	long leg	$15.6M	$3.3M	100x
SunX PAXG-USDT	0.0000%	4h	4,340.5	−0.110%	$2K	$3.5M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,347.3	+0.046%	$7.9M	$843K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,344.9	−0.009%	$905K	$691K	75x	as long as short
GRVT PAXG_USDT_Perp	+0.0008%	4h	4,340.6	−0.108%	$1.5M	$1.9M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.046%	$1K	$151K	30x	as long as short
MEXC PAXG_USDT	+0.0036%	4h	4,344.5	−0.018%	$16.2M	$1.0M	100x	as long as short
Binance PAXGUSDT	+0.0039%	4h	4,343.4	−0.044%	$80.2M	$70.4M	75x	as long as short
Extended PAXG-USD	+0.0040%	1h	4,342.2	−0.072%	$379K	$1.4M	25x	as long as short
Aster PAXGUSDT	+0.0076%	4h	4,343.4	−0.044%	$906K	$26K	50x	as long as short
Hyperliquid PAXG	+0.0092%	1h	4,343.4	−0.044%	$20.8M	$2.3M	10x	as long as short
Paradex PAXG-USD-PERP	+0.0099%	8h	4,343.8	−0.035%	$81K	$3.4M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,342.9	−0.055%	$557	—	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,344.8	−0.011%	$1.0M	$343K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,343.6	−0.038%	$14.9M	$3.8M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,346.2	+0.022%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,343.2	−0.049%	$9.7M	$15.3M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,343.6	−0.040%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,344	−0.031%	$1.3M	$793K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,342.8	−0.058%	$12.3M	$222K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,339	−0.145%	$1.5M	$39K	50x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,342.8	−0.057%	$21K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0248%	1h	4,347.5	+0.052%	$956K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0768%	1h	4,354.2	+0.205%	$29K	$24K	10x	as long as short