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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Paradex against SunX+0.077%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$720.723% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.110%+$11 on $10k
Price spread, last 3 days (all we have)+0.014%+$1 · spread now +0.077%, 7d avg +0.083%
Together, before fees+0.124%+ Points / potential airdropParadex: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PAXG-USDT4,350.50get 0.0000% / 4h3h 01m$2K$3.8M20x
ShortParadex PAXG-USD-PERP4,353.80.0100get 0.0100% / 8h7h 01m$80K$3.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$21
Price spread: +0.077% → +0.083%
−$0.63
Slippage, 4 orders
−$60.31
Fee SunX: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$51.95
Costs to cover
0.723%
Break-even
24.3 days
Slippage from SunX: live order book, 7 min ago; Paradex: live order book, 3 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, 7 min ago21.55 bp38.3 bp −$3867.5 bp −$675doesn't fitdoesn't fit
Sell Paradex live order book, 3 min ago2.24 bp4.2 bp −$4104.2 bp −$1,042doesn'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
dYdX PAXG-USD0.0000%1h4,354.3+0.088%$102K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,356+0.128%$15.7M$3.5M100xas long as short
SunX PAXG-USDTlong0.0000%4h4,350.5long leg$2K$3.8M20x
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,357.1+0.154%$7.9M$873K50xas long as short
HTX PAXG-USDT0.0000%4h4,357.2+0.156%$906K$642K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3−0.072%$1K$151K30xas long as short
GRVT PAXG_USDT_Perp+0.0086%4h4,354.7+0.099%$1.6M$2.0M10xas long as short
Lighter PAXG+0.0096%1h4,352.7+0.051%$1.4M$270K25xas long as short
Paradex PAXG-USD-PERPshort+0.0100%8h4,353.8+0.077%$80K$3.7M50x
Hyperliquid PAXG+0.0100%1h4,354+0.082%$20.7M$2.1M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAXGUSDT+0.0100%4h4,354.1+0.085%$908K$29K50xas long as short
Pacifica PAXG+0.0100%1h4,355.9+0.124%$1.0M$368K10xas long as short
Binance PAXGUSDT+0.0100%4h4,353.6+0.071%$80.4M$70.8M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,355.2+0.108%$15.1M$3.6M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,354.6+0.095%$16.2M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,356.8+0.147%$28.4M$5.5M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,354.7+0.097%$9.7M$15.2M50xas long as short
BingX PAXG-USDT+0.0100%4h4,354.6+0.095%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,356.3+0.134%$1.4M$831K50xas long as short
Variational Omni PAXG+0.0100%4h4,354.4+0.091%$12.5M$104Kas long as short
ApeX Omni PAXGUSDT+0.0100%1h4,352.8+0.054%$263K$787K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,353.7+0.075%$55910xas long as short
Phemex PAXGUSDT+0.0100%4h4,352+0.036%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,352.5+0.047%$379K$1.4M25xas long as short
Hibachi PAXG/USDT-P+0.0112%1h4,355+0.106%$42K$158K20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,354+0.081%$21K100xas long as short
Kraken Futures PF_PAXGUSD+0.0208%1h4,354.9+0.102%$1.3M$1.4M20xas long as short
Coinbase International PAXG-PERP-INTX+0.0304%1h4,357.1+0.153%$973K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0976%1h4,365+0.334%$29K$23K10xas long as short