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

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Variational Omni+0.010%7-day average −0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.002%$0 on $10k
Price spread, last 7 days−0.021%−$2 · spread now +0.010%, 7d avg −0.003%
Together, before fees−0.019%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PAXG4,343.10.0100pay 0.0050% / 4h1h 35m$12.5M$104K
ShortHyperliquid PAXG4,343.60.0100get 0.0013% / 1h35m 06s$20.8M$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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: +0.010% → −0.003%
$1.35
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$7.65
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 4 min ago2.82 bpdoesn't fit5.8 bp −$58doesn't fitdoesn't fit
Sell Hyperliquid live order book, 8 min ago0.35 bp5.1 bp −$56.5 bp −$65doesn'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%1h4,340.8−0.053%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,345.5+0.055%$15.6M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,339.2−0.090%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,346.5+0.077%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,347.2+0.095%$904K$657K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h4,347.3+0.097%$1K$151K30xas long as short
Hibachi PAXG/USDT-P+0.0048%1h4,342.3−0.018%$42K$154K20xas long as short
GRVT PAXG_USDT_Perp+0.0056%4h4,343.7+0.013%$1.5M$1.9M10xas long as short
ApeX Omni PAXGUSDT+0.0091%1h4,340.4−0.063%$263K$789K50xas long as short
Lighter PAXG+0.0096%1h4,342−0.025%$1.4M$340K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PAXG-USD-PERP+0.0100%8h4,342−0.024%$80K$3.7M50xas long as short
Hyperliquid PAXGshort+0.0100%1h4,343.6+0.010%$20.8M$2.3M10x
Aster PAXGUSDT+0.0100%4h4,343.4+0.007%$906K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,344.5+0.032%$1.0M$340K10xas long as short
Binance PAXGUSDT+0.0100%4h4,343−0.003%$80.1M$70.5M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,344.1+0.023%$15.0M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,343.10.000%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,346+0.067%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,344.3+0.027%$9.6M$14.9M50xas long as short
BingX PAXG-USDT+0.0100%4h4,344.3+0.028%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,343.9+0.018%$1.3M$802K50xas long as short
Variational Omni PAXGlong+0.0100%4h4,343.1long leg$12.5M$104K
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,341.7−0.032%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,344+0.021%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,341.8−0.030%$382K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,344.5+0.032%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,343−0.003%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.151%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.1000%1h4,353.9+0.249%$29K$23K10xas long as short