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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.028%
Price spread now: Paradex against HTX−0.076%7-day average −0.168% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$440.438% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.076%, 7d avg −0.168%
Together, before fees−0.112%+ Points / potential airdropParadex: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Paradex is 0.092% dearer against HTX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.168%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PAXG-USDT4,321.30get 0.0000% / 4h1h 22m$903K$772K75x
ShortParadex PAXG-USD-PERP4,3180.0098get 0.0098% / 8h1h 22m$85K$3.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against HTX. 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
$20.54
Price spread: −0.076% → −0.168%
$9.23
Slippage, 4 orders
−$27.75
Fee HTX: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$13.98
Costs to cover
0.438%
Break-even
11.8 days
Slippage from HTX: live order book, 21 min ago; Paradex: live order book, 2 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 HTX live order book, 21 min ago1.41 bp21.3 bp −$2123.3 bp −$233doesn't fitdoesn't fit
Sell Paradex live order book, 2 min ago2.25 bp4.2 bp −$498.9 bp −$989doesn'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
Lighter PAXG−0.0184%1h4,315.9−0.123%$1.4M$466K25xas long as short
Hibachi PAXG/USDT-P−0.0128%1h4,317.7−0.082%$42K$168K20xas long as short
GRVT PAXG_USDT_Perp−0.0108%4h4,318−0.077%$1.5M$2.0M10xas long as short
Kraken Futures PF_PAXGUSD−0.0044%1h4,317.9−0.079%$1.2M$1.9M20xas long as short
Extended PAXG-USD−0.0008%1h4,316.4−0.113%$378K$625K25xas long as short
Binance PAXGUSDT−0.0006%4h4,317.4−0.090%$79.6M$75.1M75xas long as short
MEXC PAXG_USDT−0.0004%4h4,322.4+0.027%$16.5M$1.0M100xas long as short
dYdX PAXG-USD0.0000%1h4,317.9−0.078%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,319.2−0.048%$15.6M$3.8M100xas long as short
SunX PAXG-USDT0.0000%4h4,313.4−0.183%$2K$3.4M20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,321.3+0.002%$7.9M$850K50xas long as short
HTX PAXG-USDTlong0.0000%4h4,321.3long leg$903K$772K75x
Aster PAXGUSDT+0.0011%4h4,319.6−0.039%$901K$27K50xas long as short
ApeX Omni PAXGUSDT+0.0013%1h4,317.9−0.077%$261K$772K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.603%$1K$151K30xas long as short
Paradex PAXG-USD-PERPshort+0.0098%8h4,318−0.076%$85K$3.3M50x
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,316.6−0.108%$55410xas long as short
Hyperliquid PAXG+0.0100%1h4,317.5−0.087%$20.7M$2.4M10xas long as short
Pacifica PAXG+0.0100%1h4,320−0.029%$1.0M$316K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,318−0.075%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,319.6−0.038%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,317.1−0.097%$9.4M$16.5M50xas long as short
BingX PAXG-USDT+0.0100%4h4,318.9−0.054%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,317.7−0.083%$1.3M$818K50xas long as short
Variational Omni PAXG+0.0100%4h4,316.9−0.101%$12.3M$223Kas long as short
Phemex PAXGUSDT+0.0100%4h4,315−0.145%$1.5M$52K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,316.6−0.107%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0232%1h4,319.4−0.042%$948K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0792%1h4,328.3+0.163%$29K$23K10xas long as short