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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: dYdX against SunX+0.089%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1011.015% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.089%, 7d avg +0.109%
Together, before fees−0.061%−$6 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: dYdX is 0.020% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.109%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,339.90get 0.0000% / 4h1h 46m$2K$4.0M20x
ShortdYdX PAXG-USD4,343.70get 0.0000% / 1h46m 50s$101K$13K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$0
Price spread: +0.089% → +0.109%
−$2.01
Slippage, 4 orders
−$83.49
Fee SunX: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$103.5
Costs to cover
1.015%
Break-even
never at this rate
Slippage from SunX: live order book, 11 min ago; dYdX: live order book, 37 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, 11 min ago21.53 bp38.3 bp −$3867.5 bp −$675doesn't fitdoesn't fit
Sell dYdX live order book, 37 min ago13.84 bp18.8 bp −$19110.2 bp −$1,102212.9 bp −$21.3K1234.1 bp −$617.1K

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-USDshort0.0000%1h4,343.7+0.089%$101K$13K5x
Gate PAXG_USDT0.0000%8h4,347.1+0.166%$15.8M$3.6M100xas long as short
SunX PAXG-USDTlong0.0000%4h4,339.9long leg$2K$4.0M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,349.3+0.218%$7.9M$865K50xas long as short
HTX PAXG-USDT0.0000%4h4,347.6+0.177%$909K$656K75xas long as short
Hibachi PAXG/USDT-P+0.0024%1h4,345.7+0.135%$47K$146K20xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,337−0.066%$1K$121K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,346.5+0.152%$1.3M$1.4M20xas long as short
Lighter PAXG+0.0096%1h4,344.1+0.097%$1.4M$273K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,344.6+0.109%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,345+0.118%$20.3M$1.8M10xas long as short
Aster PAXGUSDT+0.0100%4h4,345+0.117%$907K$28K50xas long as short
Pacifica PAXG+0.0100%1h4,345.9+0.140%$1.0M$368K10xas long as short
Binance PAXGUSDT+0.0100%4h4,345+0.118%$80.0M$67.8M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,345.9+0.139%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,342.4+0.059%$16.0M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,347.2+0.168%$26.8M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,345.8+0.136%$9.3M$13.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,345.3+0.124%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,346.2+0.145%$1.4M$955K50xas long as short
Variational Omni PAXG+0.0100%4h4,344+0.094%$12.4M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,345.2+0.122%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,343+0.073%$263K$798K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,343.5+0.083%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,340+0.003%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,344.3+0.101%$377K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,345.4+0.127%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,347.6+0.178%$976K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1432%1h4,361.2+0.491%$29K$21K10xas long as short