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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0743%/8h= +81.4% APRpaid last 24h +0.232%
Price spread now: 01 Exchange against Paradex+0.246%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 fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and 01 Exchange is 0.246% dearer against Paradex than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex PAXG-USD-PERP4,326.50.0097pay 0.0097% / 8h2h 10m$81K$3.3M50x
Short01 Exchange PAXGUSD4,337.10.0840get 0.0105% / 1h10m 49s$29K$24K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$156.05
Price spread: +0.246% → 0.000%
$24.58
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$169.64
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Paradex: live order book, 3 min ago; 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 Paradex live order book, 3 min ago2.24 bp4.2 bp −$495.2 bp −$952doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
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−0.0136%1h4,326−0.010%$1.4M$391K25xas long as short
Hibachi PAXG/USDT-P−0.0136%1h4,325.9−0.013%$42K$165K20xas long as short
Kraken Futures PF_PAXGUSD−0.0101%1h4,328.6+0.049%$1.2M$1.9M20xas long as short
GRVT PAXG_USDT_Perp−0.0060%4h4,320.5−0.137%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT−0.0014%1h4,320.4−0.140%$261K$785K50xas long as short
dYdX PAXG-USD0.0000%1h4,328.9+0.056%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,329.2+0.063%$15.6M$3.7M100xas long as short
SunX PAXG-USDT0.0000%4h4,323.9−0.059%$2K$3.4M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,330.6+0.095%$7.9M$835K50xas long as short
HTX PAXG-USDT0.0000%4h4,328.7+0.053%$903K$742K75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC PAXG_USDT+0.0014%4h4,325.5−0.023%$16.4M$1.1M100xas long as short
Binance PAXGUSDT+0.0016%4h4,327.9+0.033%$79.8M$74.2M75xas long as short
Extended PAXG-USD+0.0016%1h4,326.5+0.001%$376K$1.4M25xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.482%$1K$151K30xas long as short
Aster PAXGUSDT+0.0043%4h4,327.6+0.027%$903K$27K50xas long as short
Paradex PAXG-USD-PERPlong+0.0097%8h4,326.5long leg$81K$3.3M50x
Hyperliquid PAXG+0.0098%1h4,327.7+0.029%$20.8M$2.4M10xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,325.8−0.015%$55510xas long as short
Pacifica PAXG+0.0100%1h4,327.9+0.034%$1.0M$348K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,328.4+0.046%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,329.9+0.080%$28.5M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,328.1+0.039%$9.3M$16.1M50xas long as short
BingX PAXG-USDT+0.0100%4h4,328.3+0.042%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,328.1+0.038%$1.3M$810K50xas long as short
Variational Omni PAXG+0.0100%4h4,325.9−0.013%$12.3M$222Kas long as short
Phemex PAXGUSDT+0.0100%4h4,324−0.057%$1.5M$45K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,325.7−0.017%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0248%1h4,325.6−0.020%$977K$1.1M50xas long as short
01 Exchange PAXGUSDshort+0.0840%1h4,337.1+0.246%$29K$24K10x