Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.036%

Price spread now: Binance against Reya+0.036%55s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Binance is 0.036% dearer against Reya than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours. The two prices were read 55 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	Reya PAXGRUSDPERP	4,355.6	0.0189	pay 0.0024% / 1h	44m 35s	$21K	—	100x
Short	Binance PAXGUSDT	4,357.2	0.0100	get 0.0050% / 4h	44m 35s	$80.0M	$68.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Reya. 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 ReyabpFee BinancebpOrdersPrice spread, now +0.036%Rate

Funding earned: −$18.79
Price spread: +0.036% → 0.000%: $3.61
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.17
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.01 bp	5.0 bp −$5	5.1 bp −$51	8.9 bp −$892	doesn't fit

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PAXG/USDC PERP	−0.0007%	1h	4,347.3	−0.191%	$1K	$151K	30x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,358.3	+0.062%	$102K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,358.6	+0.068%	$15.8M	$3.6M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,351.5	−0.094%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,359.2	+0.083%	$7.9M	$866K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,359.4	+0.085%	$911K	$634K	75x	as long as short
Lighter PAXG	+0.0096%	1h	4,354.1	−0.036%	$1.4M	$270K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,354.5	−0.027%	$80K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,355.6	−0.001%	$20.4M	$1.8M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,356.9	+0.028%	$909K	$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	4,357.2	+0.036%	$1.0M	$344K	10x	as long as short
Binance PAXGUSDTshort	+0.0100%	4h	4,357.2	+0.036%	$80.0M	$68.5M	75x
Bybit PAXGUSDT	+0.0100%	4h	4,357.3	+0.038%	$15.2M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,355.1	−0.013%	$16.1M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,357.4	+0.040%	$27.0M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,356.7	+0.025%	$9.9M	$14.0M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,356.6	+0.022%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,356.5	+0.020%	$1.4M	$955K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,357.9	+0.052%	$12.5M	$104K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,359.6	+0.090%	$1.6M	$1.9M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,358.2	+0.058%	$264K	$795K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,357.3	+0.038%	$559	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,356	+0.009%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,354.2	−0.033%	$378K	$1.2M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0144%	1h	4,358.7	+0.071%	$48K	$141K	20x	as long as short
Reya PAXGRUSDPERPlong	+0.0189%	1h	4,355.6	long leg	$21K	—	100x
Kraken Futures PF_PAXGUSD	+0.0286%	1h	4,356.9	+0.028%	$1.3M	$1.4M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0296%	1h	4,362.5	+0.159%	$976K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1000%	1h	4,441	+1.960%	$30K	$23K	10x	as long as short