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+0.0007%/8h= +0.8% APRpaid last 24h −0.006%
Price spread now: SunX against Injective+0.142%61s7-day average −0.193% · 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 7 days−0.132%−$13 on $10k
Price spread, last 3 days (all we have)−0.327%−$33 · spread now +0.142%, 7d avg −0.193%
Together, before fees−0.459%−$46 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 0.335% dearer against Injective than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.193%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective PAXG/USDC PERP4,347.3−0.0007get 0.0001% / 1h45m 35s$1K$151K30x
ShortSunX PAXG-USDT4,353.50get 0.0000% / 4h45m 35s$2K$3.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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
$1.53
Price spread: +0.142% → −0.193%
$33.51
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SunX: 4 bp × 2 orders
−$8
Net
$27.02
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; SunX: live order book, 2 min ago. 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 Injective no order-book sample
Sell SunX live order book, 2 min ago21.54 bp25.5 bp −$2655.2 bp −$552doesn't fitdoesn't fit
Injective: 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
Injective PAXG/USDC PERPlong−0.0007%1h4,347.3long leg$1K$151K30x
dYdX PAXG-USD0.0000%1h4,358.3+0.253%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,359.1+0.271%$15.8M$3.6M100xas long as short
SunX PAXG-USDTshort0.0000%4h4,353.5+0.142%$2K$3.9M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,361.6+0.330%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,360.9+0.313%$911K$634K75xas long as short
Lighter PAXG+0.0096%1h4,355.7+0.194%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,356.3+0.207%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,357.4+0.232%$20.4M$1.8M10xas long as short
Aster PAXGUSDT+0.0100%4h4,357.8+0.242%$909K$30K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica PAXG+0.0100%1h4,358.9+0.267%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,356.7+0.215%$80.0M$68.4M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,358+0.247%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,355.6+0.190%$16.1M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,359.2+0.274%$27.0M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,356.9+0.221%$9.9M$13.9M50xas long as short
BingX PAXG-USDT+0.0100%4h4,357.9+0.243%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,359+0.270%$1.4M$955K50xas long as short
Variational Omni PAXG+0.0100%4h4,358.7+0.262%$12.5M$104Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,359.6+0.282%$1.6M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,358.3+0.253%$264K$796K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,358.5+0.258%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,359+0.269%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,355.9+0.197%$378K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0152%1h4,360.3+0.299%$48K$139K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,357.8+0.241%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0286%1h4,359.2+0.275%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,362.5+0.351%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1008%1h4,368.5+0.488%$29K$23K10xas long as short