data as of
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Price arb /

PAXG

all PAXG markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$48
spread now+0.175%7d average+0.023%fees + slippage, in and out−$63spread needed0.629%
Long on PhemexShort on Paradex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex PAXGUSDT4,3410.0100pay 0.0050% / 4h32m 59s$1.5M$35K50x
ShortParadex PAXG-USD-PERP4,348.60.0099get 0.0099% / 8h32m 59s$85K$2.7M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$17.46
Funding while held
−$0.02
Slippage, 4 orders
−$46.9
Fee Phemex: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$45.46
Spread needed to break even
0.629%
Slippage from Phemex: live order book, 1 min ago; Paradex: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0001%
Per $10,000 a day
−$0.02
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 1 min ago5.75 bp27.9 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell Paradex live order book, 3 min ago2.30 bp4.3 bp −$4101.5 bp −$1,015doesn't fitdoesn't fit

PAXG price on every exchange

against the cheapest. Click to use as the short leg.
Injective4,338.4cheapest
Phemex4,341+0.060%
SunX4,344+0.128%ApeX Omni4,346.1+0.177%Variational Omni4,346.2+0.181%dYdX4,346.5+0.187%Extended4,347+0.198%Lighter4,347.3+0.205%Bitget4,347.3+0.205%Binance4,348+0.220%Hyperliquid4,348.1+0.224%Coinbase International4,348.1+0.224%Aster4,348.2+0.226%Reya4,348.2+0.226%
Paradex4,348.6+0.235%
Hibachi4,348.7+0.237%Bybit4,348.7+0.237%BingX4,348.8+0.239%Orderly4,349+0.244%MEXC4,349.4+0.253%Kraken Futures4,349.6+0.258%Pacifica4,349.7+0.261%KuCoin4,349.9+0.266%Backpack4,350+0.268%Gate4,350.2+0.272%Deribit4,352+0.314%HTX4,352.1+0.316%01 Exchange4,359.5+0.486%

PAXG on 28 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PAXG/USDC PERP−0.060%−0.0038%1h$1K$116K30xas long as short
Phemex PAXGUSDTlong0.000%+0.0100%4h$1.5M$35K50x
SunX PAXG-USDT+0.068%0.0000%4h$2K$4.2M20xas long as short
ApeX Omni PAXGUSDT+0.117%+0.0100%1h$263K$791K50xas long as short
Variational Omni PAXG+0.121%+0.0100%4h$12.5M$80K—as long as short
dYdX PAXG-USD+0.127%0.0000%1h$101K$19K5xas long as short
Extended PAXG-USD+0.138%+0.0104%1h$375K$1.2M25xas long as short
Lighter PAXG+0.145%+0.0096%1h$1.4M$696K25xas long as short
Bitget PAXGUSDT+0.145%+0.0100%4h$9.1M$12.1M50xas long as short
Binance PAXGUSDT+0.160%+0.0100%4h$79.6M$65.7M75xas long as short
Show all 28 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hyperliquid PAXG+0.164%+0.0100%1h$20.3M$1.7M10xas long as short
Coinbase International PAXG-PERP-INTX+0.164%+0.0248%1h$981K$1.1M50xas long as short
Aster PAXGUSDT+0.166%+0.0100%4h$906K$71K50xas long as short
Reya PAXGRUSDPERP+0.166%+0.0189%1h$21K—100xas long as short
Paradex PAXG-USD-PERPshort+0.175%+0.0099%8h$85K$2.7M50x
Hibachi PAXG/USDT-P+0.177%−0.0120%1h$41K$142K20xas long as short
Bybit PAXGUSDT+0.177%+0.0100%4h$15.1M$3.3M75xas long as short
BingX PAXG-USDT+0.179%+0.0100%4h—$6.7M—as long as short
Orderly PERP_PAXG_USDC_mythos+0.184%+0.0100%4h$558—10xas long as short
MEXC PAXG_USDT+0.193%+0.0100%4h$16.0M$1.3M100xas long as short
Kraken Futures PF_PAXGUSD+0.198%−0.0017%1h$1.3M$1.0M20xas long as short
Pacifica PAXG+0.201%+0.0100%1h$1.0M$407K10xas long as short
KuCoin PAXGUSDTM+0.206%+0.0100%4h$26.7M$4.9M30xas long as short
Backpack PAXG_USDC_PERP+0.208%+0.0100%1h$1.1M$1.1M50xas long as short
Gate PAXG_USDT+0.212%0.0000%8h$15.8M$4.4M100xas long as short
Deribit PAXG_USDC-PERPETUAL+0.254%0.0000%1h$7.9M$832K50xas long as short
HTX PAXG-USDT+0.256%0.0000%4h$915K$605K75xas long as short
01 Exchange PAXGUSD+0.426%+0.0768%1h$15K$7K10xas long as short