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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h +0.024%
Price spread now: ApeX Omni against SunX+0.083%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$800.795% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.176%+$18 on $10k
Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.083%, 7d avg +0.082%
Together, before fees+0.161%+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.082%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,314.30get 0.0000% / 4h1h 24m$2K$3.4M20x
ShortApeX Omni PAXGUSDT4,317.90.0013get 0.0002% / 1h24m 45s$261K$772K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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
$2.81
Price spread: +0.083% → +0.082%
$0.06
Slippage, 4 orders
−$61.5
Fee SunX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$76.64
Costs to cover
0.795%
Break-even
198.2 days
Slippage from SunX: live order book, 3 min ago; ApeX Omni: live order book, 19 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 SunX live order book, 3 min ago21.53 bp38.3 bp −$3867.5 bp −$675doesn't fitdoesn't fit
Sell ApeX Omni live order book, 19 min ago2.52 bp7.9 bp −$878.9 bp −$789doesn'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
Lighter PAXG−0.0184%1h4,315.7+0.031%$1.4M$466K25xas long as short
Hibachi PAXG/USDT-P−0.0128%1h4,318.6+0.099%$44K$166K20xas long as short
GRVT PAXG_USDT_Perp−0.0108%4h4,318+0.084%$1.5M$2.0M10xas long as short
Kraken Futures PF_PAXGUSD−0.0044%1h4,318.4+0.094%$1.2M$1.9M20xas long as short
Extended PAXG-USD−0.0008%1h4,316.6+0.053%$378K$625K25xas long as short
Binance PAXGUSDT−0.0005%4h4,317.6+0.075%$79.6M$75.0M75xas long as short
MEXC PAXG_USDT−0.0004%4h4,322.6+0.192%$16.5M$1.0M100xas long as short
dYdX PAXG-USD0.0000%1h4,317.9+0.082%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,319.5+0.120%$15.6M$3.8M100xas long as short
SunX PAXG-USDTlong0.0000%4h4,314.3long leg$2K$3.4M20x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,322+0.178%$7.9M$850K50xas long as short
HTX PAXG-USDT0.0000%4h4,321.1+0.158%$903K$771K75xas long as short
Aster PAXGUSDT+0.0013%4h4,319.9+0.129%$901K$27K50xas long as short
ApeX Omni PAXGUSDTshort+0.0013%1h4,317.9+0.083%$261K$772K50x
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.764%$1K$151K30xas long as short
Paradex PAXG-USD-PERP+0.0098%8h4,317.7+0.079%$85K$3.3M50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,317.5+0.073%$55410xas long as short
Hyperliquid PAXG+0.0100%1h4,318.1+0.087%$20.8M$2.4M10xas long as short
Pacifica PAXG+0.0100%1h4,319.5+0.119%$1.0M$316K10xas long as short
Bybit PAXGUSDT+0.0100%4h4,318.2+0.089%$14.9M$4.0M75xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,319.7+0.125%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,317.1+0.064%$9.4M$16.5M50xas long as short
BingX PAXG-USDT+0.0100%4h4,318.6+0.099%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,318.1+0.088%$1.3M$818K50xas long as short
Variational Omni PAXG+0.0100%4h4,316.9+0.059%$12.3M$223Kas long as short
Phemex PAXGUSDT+0.0100%4h4,316+0.038%$1.5M$52K50xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,317.9+0.082%$20K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0232%1h4,319.4+0.118%$948K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0792%1h4,329.1+0.342%$29K$23K10xas long as short