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−$21
spread now−0.017%7d average−0.058%fees + slippage, in and out−$25spread needed0.246%
Long on MEXCShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PAXG_USDT4,3440.0100pay 0.0050% / 4h3h 12m$16.0M$1.3M100x
ShortBackpack PAXG_USDC_PERP4,343.30.0100get 0.0013% / 1h12m 54s$1.1M$1.1M50x

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
−$1.73
Funding while held
$0
Slippage, 4 orders
−$10.57
Fee MEXC: 2 bp × 2 orders
−$4
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$26.3
Spread needed to break even
0.246%
Slippage from MEXC: live order book, 2 min ago; Backpack: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 MEXC live order book, 2 min ago0.01 bp2.5 bp −$217.2 bp −$17262.7 bp −$6,274141.0 bp −$70.5K
Sell Backpack live order book, 3 min ago0.01 bp6.8 bp −$77.8 bp −$78doesn't fitdoesn't fit

PAXG price on every exchange

against the cheapest. Click to use as the short leg.
SunX4,335.4cheapestPhemex4,338+0.059%Injective4,338.4+0.069%Lighter4,339.2+0.086%Bitget4,339.7+0.099%ApeX Omni4,340+0.104%Extended4,340+0.106%Hyperliquid4,340.6+0.119%Hibachi4,340.6+0.120%Orderly4,340.7+0.122%Binance4,340.8+0.124%Paradex4,340.9+0.127%Reya4,341.1+0.131%Bybit4,341.2+0.133%BingX4,341.3+0.135%Kraken Futures4,341.6+0.142%Pacifica4,342+0.152%KuCoin4,342+0.152%Aster4,342.3+0.159%Gate4,342.5+0.163%
Backpack4,343.3+0.181%
dYdX4,343.4+0.185%
MEXC4,344+0.198%
Variational Omni4,344.8+0.216%HTX4,344.9+0.218%Deribit4,345+0.221%01 Exchange4,347.6+0.281%Coinbase International4,351.9+0.381%

PAXG on 28 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX PAXG-USDT−0.198%0.0000%4h$2K$4.2M20xas long as short
Phemex PAXGUSDT−0.138%+0.0100%4h$1.5M$36K50xas long as short
Injective PAXG/USDC PERP−0.129%+0.0033%1h$1K$97K30xas long as short
Lighter PAXG−0.112%+0.0096%1h$1.4M$702K25xas long as short
Bitget PAXGUSDT−0.099%+0.0100%4h$9.2M$12.8M50xas long as short
ApeX Omni PAXGUSDT−0.093%+0.0100%1h$262K$792K50xas long as short
Extended PAXG-USD−0.092%+0.0104%1h$377K$1.2M25xas long as short
Hyperliquid PAXG−0.078%+0.0100%1h$20.3M$1.7M10xas long as short
Hibachi PAXG/USDT-P−0.078%−0.0176%1h$41K$144K20xas long as short
Orderly PERP_PAXG_USDC_mythos−0.076%+0.0100%4h$557—10xas long as short
Show all 28 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance PAXGUSDT−0.073%+0.0100%4h$79.4M$67.8M75xas long as short
Paradex PAXG-USD-PERP−0.071%+0.0100%8h$84K$3.4M50xas long as short
Reya PAXGRUSDPERP−0.067%+0.0189%1h$21K—100xas long as short
Bybit PAXGUSDT−0.065%+0.0100%4h$15.1M$3.5M75xas long as short
BingX PAXG-USDT−0.063%+0.0100%4h—$6.8M—as long as short
Kraken Futures PF_PAXGUSD−0.056%+0.0051%1h$1.3M$1.1M20xas long as short
Pacifica PAXG−0.046%+0.0100%1h$1.0M$394K10xas long as short
KuCoin PAXGUSDTM−0.046%+0.0100%4h$26.7M$5.0M30xas long as short
Aster PAXGUSDT−0.039%+0.0100%4h$905K$71K50xas long as short
Gate PAXG_USDT−0.035%0.0000%8h$15.8M$4.4M100xas long as short
Backpack PAXG_USDC_PERPshort−0.017%+0.0100%1h$1.1M$1.1M50x
dYdX PAXG-USD−0.013%0.0000%1h$101K$19K5xas long as short
MEXC PAXG_USDTlong0.000%+0.0100%4h$16.0M$1.3M100x
Variational Omni PAXG+0.018%+0.0100%4h$12.5M$85K—as long as short
HTX PAXG-USDT+0.020%0.0000%4h$916K$630K75xas long as short
Deribit PAXG_USDC-PERPETUAL+0.023%0.0000%1h$7.9M$832K50xas long as short
01 Exchange PAXGUSD+0.083%+0.0488%1h$15K$3K10xas long as short
Coinbase International PAXG-PERP-INTX+0.182%+0.0256%1h$971K$1.1M50xas long as short