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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against SunX+0.185%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$830.829% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.041%+$4 on $10k
Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.185%, 7d avg +0.166%
Together, before fees−0.009%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,341.70get 0.0000% / 4h1h 17m$2K$3.9M20x
ShortGate PAXG_USDT4,349.70get 0.0000% / 8h1h 17m$15.8M$3.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.185% → +0.166%
$1.92
Slippage, 4 orders
−$59.94
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$81.02
Costs to cover
0.829%
Break-even
never at this rate
Slippage from SunX: live order book, 10 min ago; Gate: live order book, 1 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, 10 min ago21.54 bp38.3 bp −$3867.6 bp −$676doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago0.34 bp8.5 bp −$913.0 bp −$13024.6 bp −$2,45856.6 bp −$28.3K

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-USD0.0000%1h4,347.3+0.129%$101K$12K5xas long as short
Gate PAXG_USDTshort0.0000%8h4,349.7+0.185%$15.8M$3.6M100x
SunX PAXG-USDTlong0.0000%4h4,341.7long leg$2K$3.9M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,351.7+0.231%$7.9M$865K50xas long as short
HTX PAXG-USDT0.0000%4h4,350.5+0.204%$909K$647K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.130%$1K$151K30xas long as short
Kraken Futures PF_PAXGUSD+0.0080%1h4,349+0.169%$1.3M$1.4M20xas long as short
Hibachi PAXG/USDT-P+0.0088%1h4,348.1+0.148%$47K$139K20xas long as short
Lighter PAXG+0.0096%1h4,346.6+0.114%$1.4M$273K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h4,347+0.123%$80K$3.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h4,347.8+0.141%$20.3M$1.8M10xas long as short
Aster PAXGUSDT+0.0100%4h4,347.5+0.134%$907K$27K50xas long as short
Pacifica PAXG+0.0100%1h4,348.7+0.163%$1.0M$344K10xas long as short
Binance PAXGUSDT+0.0100%4h4,347.6+0.136%$80.0M$67.1M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,348.8+0.163%$15.2M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,345+0.077%$16.0M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,349.9+0.191%$26.8M$5.2M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,347.7+0.139%$9.3M$13.3M50xas long as short
BingX PAXG-USDT+0.0100%4h4,347.5+0.134%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,348.3+0.153%$1.4M$954K50xas long as short
Variational Omni PAXG+0.0100%4h4,348.2+0.151%$12.5M$114Kas long as short
GRVT PAXG_USDT_Perp+0.0100%4h4,348.1+0.148%$1.5M$2.0M10xas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,346.3+0.106%$263K$796K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,347+0.123%$55810xas long as short
Phemex PAXGUSDT+0.0100%4h4,346+0.100%$1.5M$38K50xas long as short
Extended PAXG-USD+0.0104%1h4,346.7+0.116%$378K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,347.7+0.139%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,351.8+0.234%$975K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1360%1h4,359.3+0.406%$29K$22K10xas long as short