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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Orderly against KuCoin−0.063%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.063% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PAXGUSDTM4,337.40.0100pay 0.0050% / 4h3h 43m$28.6M$5.3M30x
ShortOrderly PERP_PAXG_USDC_mythos4,334.70.0100get 0.0050% / 4h3h 43m$55610x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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: −0.063% → 0.000%
−$6.32
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$24.32
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 5 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago0.55 bp9.1 bp −$924.6 bp −$246doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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
Hibachi PAXG/USDT-P−0.0168%1h4,335.8−0.038%$42K$154K20xas long as short
Lighter PAXG−0.0160%1h4,333.7−0.087%$1.4M$362K25xas long as short
GRVT PAXG_USDT_Perp−0.0144%4h4,333.7−0.086%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT−0.0086%1h4,335.3−0.048%$262K$787K50xas long as short
dYdX PAXG-USD0.0000%1h4,334.8−0.061%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,337.3−0.003%$15.6M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,330−0.172%$2K$3.6M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,338.6+0.028%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,339.9+0.056%$903K$684K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.227%$1K$151K30xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PAXGUSDT+0.0060%4h4,334.9−0.059%$80.0M$71.2M75xas long as short
MEXC PAXG_USDT+0.0062%4h4,337.5+0.002%$16.1M$1.0M100xas long as short
Extended PAXG-USD+0.0064%1h4,333.6−0.088%$378K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0065%1h4,335.9−0.035%$1.3M$1.4M20xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,335.1−0.055%$81K$3.7M50xas long as short
Orderly PERP_PAXG_USDC_mythosshort+0.0100%4h4,334.7−0.063%$55610x
Hyperliquid PAXG+0.0100%1h4,335.6−0.042%$20.7M$2.4M10xas long as short
Aster PAXGUSDT+0.0100%4h4,335.7−0.040%$905K$27K50xas long as short
Pacifica PAXG+0.0100%1h4,337.2−0.006%$1.0M$338K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,335.8−0.038%$14.9M$3.8M75xas long as short
KuCoin PAXGUSDTMlong+0.0100%4h4,337.4long leg$28.6M$5.3M30x
Bitget PAXGUSDT+0.0100%4h4,335.7−0.041%$9.7M$15.2M50xas long as short
BingX PAXG-USDT+0.0100%4h4,336−0.032%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,335.9−0.036%$1.3M$800K50xas long as short
Variational Omni PAXG+0.0100%4h4,336−0.033%$12.3M$227Kas long as short
Phemex PAXGUSDT+0.0100%4h4,333−0.102%$1.5M$39K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,335.5−0.044%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,336.7−0.017%$987K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1016%1h4,346.7+0.213%$29K$23K10xas long as short