Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4,212.9 | +0.0001 | 0.0000% / 1h | 3m 57s | $811K | $2.3M | 20x | Long Bulk | |
| SHORT | 4,228.2 | +0.0800 | get 0.0100% / 1h | 3m 57s | $914K | $929K | 50x | Short Coinbase International |
Price gap+0.363%
Funding gap+0.0799% /8h
Both sides work: funding pays +$24 a day on $10k, and the gap is 0.251% above its 7d average: +$25 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$31+0.0799% /8h now · paid +0.306% over the last 6 days (all we have)
Price+$25spread +0.363% now, avg +0.112% → +0.251% if it goes back
Costs−$530.531% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 6 days it paid +0.306% in total, about +0.0169%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.363%
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
/8hPAXG on 29 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size4.3 / 22.5 bpAt $10k entering Coinbase International costs 22.5 bp, fee and slippage, 5.2× Bulk’s.
- Note: Margin at max leverage$500 + $200Bulk 20x, Coinbase International 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$23.96Long Bulk: 24 payments, −$0.04; short Coinbase International: 24 payments, +$24.00.
- OK: Entry gap works for you+0.363% vs +0.112%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$811K vs $914K OIBulk sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBulk No · Coinbase International YesID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0169%/8h × 21 periods+$35.50
Price spread+0.363% → +0.112% (7d avg)+$25.09
Slippage, 4 orderslive order books−$38.09
Fee Bulk bp × 2 orders−$7.00
Fee Coinbase International bp × 2 orders−$8.00
Net · 7 days · $10k+$7.50
Costs to cover0.531%Break-even5.5 days
Slippage: Bulk: live order book, 4 min ago; Coinbase International: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBulk0.064.3 bp−$47.2 bp−$72doesn’t fitdoesn’t fit
SELL · SHORTCoinbase International18.4222.5 bp−$22doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PAXGRUSDPERP no longer reported ($PAXG) seen by our collector |
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| 09-24 11:53 | Bulk | Other | GOLD on BULK Trade $PAXG by @Paxos with up to 20x leverage now on @bulktrade on X ↗ |
| 09-17 15:05 | Deribit | Product | 🚨 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 ↗ |
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