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

PAXG

All PAXG markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotPAXGUSDT
4,086.6spotno funding——$16.5M1xBuy Binance Spot
SHORT
BinancePAXGUSDT
4,084.8+0.0038get 0.0019% / 4h3h 45m$112.7M$123.5M75xShort Binance
Price gap−0.046%
Funding gap+0.0038% /8h

Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$15+0.0038% /8h now · paid +0.149% over the last 7D
Price−$1spread −0.046% now, avg −0.034% → −0.012% if it goes back
Costs−$320.319% of $10k · taker + slippage, in and out
Result−$18−0.18%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.046%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PAXG on 27 exchanges

lowest funding first

Before you open

2 ok · 1 to watch
  • OK: Fits both order books10.8 / 5.0 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Binance runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$1.14Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$1.14.
  • Note: Gap at its usual level−0.046% vs −0.034%
    The price leg adds little either way.
  • Note: Spot has no open interest$112.7M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0071%/8h × 21 periods+$14.89
Price spread−0.046% → −0.034% (7d avg)−$1.20
Slippage, 4 orderslive order books−$1.87
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$18.18
Costs to cover0.319%Break-even15.5 days
Slippage: Binance Spot: live order book, 16 min ago; Binance: live order book, 15 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot0.0110.8 bp−$1112.5 bp−$12528.0 bp−$2,801doesn’t fit
SELL · SHORTBinance0.015.0 bp−$55.4 bp−$549.3 bp−$927doesn’t fit

Closing costs about the same again.

Alert

PAXG news

posts that mention PAXG, from every exchange
09-24 11:53BulkOther2/ A digital token backed by physical gold. Each $PAXG token represents one ounce of London Good Delivery gold, held in custody by Paxos Trust Company, N.A. Learn more: @bulktrade on X ↗
09-24 11:53BulkOtherGOLD on BULK Trade $PAXG by @Paxos with up to 20x leverage now on @bulktrade on X ↗
09-17 15:05DeribitProduct🚨 Live on Deribit: Coinbase Exchange Liquidity for Spot Markets We’re excited to announce that the following spot markets on Deribit are now routed through Coinbase Exchange liquidity: BTC-USDC · ETH-USDC · XRP-USDC · BNB-USDC · SOL-USDC · PAXG-USDC Read more here: @DeribitOfficial on X ↗