Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Paradex+0.009%48s7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.189% of the position

Long on Paradex Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.009%, 7d avg +0.039%

Together, before fees+0.029%+ Points / potential airdropParadex: Active · farm board+$3 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: BingX is 0.030% cheaper against Paradex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.039%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PAXG-USD-PERP	4,366.8	0.0100	pay 0.0100% / 8h	7h 50m	$81K	$3.7M	50x
Short	BingX PAXG-USDT	4,367.1	0.0100	get 0.0050% / 4h	3h 50m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Paradex. 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

Position, each leg$Hold fordaysFee ParadexbpFee BingXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.039%: −$3
Slippage, 4 orders: −$4.95
Fee Paradex: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$21.94
Costs to cover: 0.189%
Break-even: 418386.7 days

Slippage from Paradex: live order book, 3 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex live order book, 3 min ago	2.24 bp	4.2 bp −$4	96.3 bp −$963	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	0.08 bp	5.1 bp −$5	5.5 bp −$55	10.9 bp −$1,093	29.9 bp −$15.0K

PAXG on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PAXG-USD	0.0000%	1h	4,367.1	+0.008%	$102K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,368.1	+0.031%	$15.8M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,361.8	−0.114%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,369.7	+0.068%	$8.0M	$871K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,368.3	+0.036%	$911K	$658K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	−0.446%	$1K	$151K	30x	as long as short
Lighter PAXG	+0.0096%	1h	4,365.5	−0.029%	$1.4M	$268K	25x	as long as short
Paradex PAXG-USD-PERPlong	+0.0100%	8h	4,366.8	long leg	$81K	$3.7M	50x
Hyperliquid PAXG	+0.0100%	1h	4,366.5	−0.006%	$20.7M	$2.1M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,367.3	+0.012%	$911K	$30K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PAXG	+0.0100%	1h	4,368.6	+0.043%	$1.0M	$365K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,366.4	−0.009%	$80.3M	$70.9M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,367.8	+0.025%	$15.1M	$3.7M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,364.7	−0.047%	$16.2M	$1.1M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,368.5	+0.040%	$28.5M	$5.6M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,368	+0.027%	$9.7M	$15.4M	50x	as long as short
BingX PAXG-USDTshort	+0.0100%	4h	4,367.1	+0.009%	—	$6.8M	—
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,367.2	+0.011%	$1.4M	$973K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,367	+0.005%	$12.5M	$104K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,367.6	+0.019%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,366.4	−0.008%	$264K	$792K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,365.8	−0.022%	$560	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,363	−0.086%	$1.5M	$39K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,365.4	−0.030%	$380K	$1.3M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0128%	1h	4,367.5	+0.017%	$42K	$155K	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,366.3	−0.010%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0208%	1h	4,367.3	+0.013%	$1.3M	$1.5M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0304%	1h	4,371.6	+0.111%	$977K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0984%	1h	4,397.3	+0.699%	$29K	$23K	10x	as long as short