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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against MEXC−0.006%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$180.179% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 7 days+0.060%+$6 · spread now −0.006%, 7d avg −0.055%
Together, before fees+0.117%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.050% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PAXG_USDT4,339.20.0036pay 0.0018% / 4h3h 21m$16.1M$1.0M100x
ShortPacifica PAXG4,3390.0100get 0.0013% / 1h21m 35s$1.0M$343K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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
$13.44
Price spread: −0.006% → −0.055%
$4.97
Slippage, 4 orders
−$5.93
Fee MEXC: 2 bp × 2 orders
−$4
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$0.48
Costs to cover
0.179%
Break-even
6.7 days
Slippage from MEXC: live order book, 2 min ago; Pacifica: 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 MEXC live order book, 2 min ago1.38 bp4.1 bp −$421.4 bp −$21456.2 bp −$5,618112.1 bp −$56.0K
Sell Pacifica live order book, 2 min ago0.12 bp4.6 bp −$5doesn't fitdoesn'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
Hibachi PAXG/USDT-P−0.0160%1h4,337.4−0.041%$42K$154K20xas long as short
Lighter PAXG−0.0152%1h4,336−0.074%$1.4M$368K25xas long as short
GRVT PAXG_USDT_Perp−0.0080%4h4,334.5−0.108%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT−0.0055%1h4,334.9−0.100%$262K$787K50xas long as short
dYdX PAXG-USD0.0000%1h4,338.3−0.021%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,339−0.005%$15.6M$3.4M100xas long as short
SunX PAXG-USDT0.0000%4h4,332.3−0.160%$2K$3.5M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,340.3+0.026%$7.9M$843K50xas long as short
HTX PAXG-USDT0.0000%4h4,341.1+0.044%$903K$689K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.186%$1K$151K30xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC PAXG_USDTlong+0.0036%4h4,339.2long leg$16.1M$1.0M100x
Binance PAXGUSDT+0.0038%4h4,337.2−0.046%$79.9M$70.5M75xas long as short
Extended PAXG-USD+0.0040%1h4,335.9−0.076%$379K$1.5M25xas long as short
Kraken Futures PF_PAXGUSD+0.0065%1h4,337.6−0.038%$1.3M$1.4M20xas long as short
Aster PAXGUSDT+0.0094%4h4,337.1−0.050%$905K$27K50xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,337.4−0.043%$81K$3.6M50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,336.1−0.072%$55610xas long as short
Hyperliquid PAXG+0.0100%1h4,337.4−0.042%$20.8M$2.3M10xas long as short
Pacifica PAXGshort+0.0100%1h4,339−0.006%$1.0M$343K10x
Bybit PAXGUSDT+0.0100%4h4,338.1−0.027%$14.9M$3.8M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,339.6+0.009%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,337.8−0.032%$9.7M$15.2M50xas long as short
BingX PAXG-USDT+0.0100%4h4,337.6−0.037%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,337.4−0.043%$1.3M$799K50xas long as short
Variational Omni PAXG+0.0100%4h4,334−0.119%$12.3M$227Kas long as short
Phemex PAXGUSDT+0.0100%4h4,334−0.121%$1.5M$38K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,337.1−0.049%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h4,339.1−0.003%$956K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0912%1h4,347.4+0.188%$29K$24K10xas long as short