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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: Bitget against Paradex+0.041%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$240.240% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.041%, 7d avg +0.020%
Together, before fees−0.053%+ Points / potential airdropParadex: Active · farm board−$5 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: Bitget is 0.021% dearer against Paradex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex PAXG-USD-PERP4,355.10.0100pay 0.0100% / 8h1h 08m$80K$3.7M50x
ShortBitget PAXGUSDT4,356.90.0100get 0.0050% / 4h1h 08m$9.2M$13.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.041% → +0.020%
$2.11
Slippage, 4 orders
−$7.99
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$21.88
Costs to cover
0.240%
Break-even
70421.4 days
Slippage from Paradex: live order book, 1 min ago; Bitget: live order book, 5 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 Paradex live order book, 1 min ago2.30 bp4.3 bp −$496.2 bp −$962doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago0.01 bp7.2 bp −$710.9 bp −$109doesn'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
dYdX PAXG-USD0.0000%1h4,354.3−0.018%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,358.3+0.075%$15.8M$3.6M100xas long as short
SunX PAXG-USDT0.0000%4h4,351.2−0.089%$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,359.9+0.111%$7.9M$866K50xas long as short
HTX PAXG-USDT0.0000%4h4,357.2+0.049%$911K$646K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.178%$1K$151K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,358.2+0.073%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,355.3+0.007%$1.4M$273K25xas long as short
Paradex PAXG-USD-PERPlong+0.0100%8h4,355.1long leg$80K$3.7M50x
Hyperliquid PAXG+0.0100%1h4,356+0.022%$20.4M$1.8M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,356.3+0.028%$909K$27K50xas long as short
Pacifica PAXG+0.0100%1h4,356+0.022%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,356.5+0.033%$80.2M$67.2M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,357.1+0.047%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,351.8−0.074%$16.0M$1.3M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,357+0.045%$26.9M$5.3M30xas long as short
Bitget PAXGUSDTshort+0.0100%4h4,356.9+0.041%$9.2M$13.3M50x
BingX PAXG-USDT+0.0100%4h4,356.4+0.031%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,355.6+0.012%$1.4M$955K50xas long as short
Variational Omni PAXG+0.0100%4h4,352.6−0.057%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,350.5−0.106%$1.6M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,350−0.117%$263K$796K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,355.3+0.006%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,353−0.047%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,355.6+0.012%$378K$1.2M25xas long as short
Hibachi PAXG/USDT-P+0.0104%1h4,355−0.002%$48K$139K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,355.8+0.017%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,357.4+0.053%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1288%1h4,366.5+0.263%$29K$22K10xas long as short