PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.056%

Price spread now: Coinbase International against ApeX Omni+0.136%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 3 days (all we have)+0.095%+$9 · spread now +0.136%, 7d avg +0.109%

Together, before fees+0.391%+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.027% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PAXGUSDT	4,337.1	0.0100	pay 0.0013% / 1h	20m 35s	$262K	$798K	50x
Short	Coinbase International PAXG-PERP-INTX	4,343	0.0320	get 0.0040% / 1h	20m 35s	$998K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.136%Rate

Funding earned: $46.2
Price spread: +0.136% → +0.109%: $2.66
Slippage, 4 orders: −$24.22
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $4.63
Costs to cover: 0.442%
Break-even: 6.3 days

Slippage from ApeX Omni: live order book, 3 min ago; Coinbase International: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 3 min ago	2.54 bp	7.9 bp −$8	87.3 bp −$873	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.14 bp	17.6 bp −$18	75.8 bp −$758	doesn't fit	doesn't fit

PAXG on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PAXG/USDC PERP	−0.0101%	1h	4,337	−0.002%	$1K	$121K	30x	as long as short
Hibachi PAXG/USDT-P	−0.0040%	1h	4,337.4	+0.008%	$41K	$156K	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,339.9	+0.065%	$101K	$18K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,339.3	+0.051%	$15.7M	$4.2M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,334.2	−0.067%	$2K	$4.1M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,341.3	+0.097%	$7.9M	$837K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,342.2	+0.118%	$906K	$656K	75x	as long as short
Lighter PAXG	+0.0096%	1h	4,336.2	−0.021%	$1.4M	$520K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,336.8	−0.006%	$80K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,337.4	+0.007%	$20.3M	$1.9M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PAXGUSDT	+0.0100%	4h	4,337.3	+0.006%	$906K	$76K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,338.5	+0.032%	$1.0M	$351K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,337.2	+0.002%	$79.9M	$70.0M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,337.6	+0.011%	$14.8M	$3.7M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,338.6	+0.034%	$15.9M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,339.6	+0.059%	$26.7M	$5.4M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,337.8	+0.016%	$9.2M	$14.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,337.8	+0.017%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,338.8	+0.039%	$1.4M	$1.3M	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,337.4	+0.007%	$12.4M	$114K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,337.3	+0.005%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDTlong	+0.0100%	1h	4,337.1	long leg	$262K	$798K	50x
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,337.1	0.000%	$556	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,334	−0.071%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,336.6	−0.011%	$377K	$1.2M	25x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,337.5	+0.009%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0224%	1h	4,338	+0.020%	$1.3M	$1.5M	20x	as long as short
Coinbase International PAXG-PERP-INTXshort	+0.0320%	1h	4,343	+0.136%	$998K	$1.1M	50x
01 Exchange PAXGUSD	+0.1408%	1h	4,354.9	+0.411%	$29K	$21K	10x	as long as short