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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0692%/8h= +75.8% APRpaid last 24h +0.235%
Price spread now: 01 Exchange against Orderly+0.290%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and 01 Exchange is 0.290% dearer against Orderly than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_PAXG_USDC_mythos4,316.10.0100pay 0.0050% / 4h1h 18m$55410x
Short01 Exchange PAXGUSD4,328.60.0792get 0.0099% / 1h18m 30s$29K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Orderly. 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
$145.32
Price spread: +0.290% → 0.000%
$28.96
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$161.29
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; 01 Exchange: 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 Orderly no order-book sample
Sell 01 Exchange no order-book sample
Orderly and 01 Exchange: 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
Lighter PAXG−0.0184%1h4,315.6−0.013%$1.4M$467K25xas long as short
Hibachi PAXG/USDT-P−0.0128%1h4,318.1+0.046%$42K$168K20xas long as short
GRVT PAXG_USDT_Perp−0.0110%4h4,317.6+0.034%$1.5M$2.0M10xas long as short
Kraken Futures PF_PAXGUSD−0.0044%1h4,318.2+0.048%$1.2M$1.9M20xas long as short
Extended PAXG-USD−0.0008%1h4,316.6+0.012%$378K$625K25xas long as short
Binance PAXGUSDT−0.0008%4h4,317.4+0.031%$79.6M$75.1M75xas long as short
MEXC PAXG_USDT−0.0006%4h4,322.8+0.155%$16.5M$1.0M100xas long as short
dYdX PAXG-USD0.0000%1h4,317.9+0.041%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,319.1+0.070%$15.6M$3.8M100xas long as short
SunX PAXG-USDT0.0000%4h4,313.7−0.056%$2K$3.4M20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,321.6+0.128%$7.9M$850K50xas long as short
HTX PAXG-USDT0.0000%4h4,322.5+0.149%$904K$773K75xas long as short
Aster PAXGUSDT+0.0010%4h4,319.9+0.089%$901K$27K50xas long as short
ApeX Omni PAXGUSDT+0.0032%1h4,318.1+0.045%$261K$772K50xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.723%$1K$151K30xas long as short
Paradex PAXG-USD-PERP+0.0098%8h4,317.8+0.040%$85K$3.3M50xas long as short
Orderly PERP_PAXG_USDC_mythoslong+0.0100%4h4,316.1long leg$55410x
Hyperliquid PAXG+0.0100%1h4,317.8+0.039%$20.7M$2.4M10xas long as short
Pacifica PAXG+0.0100%1h4,319.1+0.070%$1.0M$316K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,318.4+0.053%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,320+0.091%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,317.7+0.036%$9.4M$16.5M50xas long as short
BingX PAXG-USDT+0.0100%4h4,318.1+0.046%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,318.1+0.047%$1.3M$826K50xas long as short
Variational Omni PAXG+0.0100%4h4,317.7+0.037%$12.3M$223Kas long as short
Phemex PAXGUSDT+0.0100%4h4,316−0.002%$1.5M$52K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,317.4+0.030%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0232%1h4,320+0.090%$943K$1.1M50xas long as short
01 Exchange PAXGUSDshort+0.0792%1h4,328.6+0.290%$29K$23K10x