Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4,191.6 | −0.0002 | 0.0000% / 1h | 22m 40s | $845K | $2.0M | 20x | Long Bulk | |
| SHORT | 4,198.9 | 0 | 0.0000% / 1h | 22m 40s | $7.9M | $76K | 50x | Short Deribit |
Price gap+0.174%
Funding gap+0.0002% /8h
Funding is ≈ 0, so this is a price-spread trade: +$5 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$14+0.0002% /8h now · paid −0.137% over the last 7D
Price+$5spread +0.174% now, avg +0.126% → +0.049% if it goes back
Costs−$260.257% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.174%
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
3 ok · 2 to watch- OK: Fits both order books4.6 / 9.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $200Bulk 20x, Deribit 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: +$0.07Long Bulk: 24 payments, +$0.07; short Deribit: 24 payments, $0.00.
- OK: Entry gap works for you+0.174% vs +0.126%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$845K vs $7.9M OIBulk sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBulk No · Deribit YesID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0068%/8h × 21 periods−$14.21
Price spread+0.174% → +0.126% (7d avg)+$4.87
Slippage, 4 orderslive order books−$11.75
Fee Bulk bp × 2 orders−$7.00
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k−$35.08
Costs to cover0.257%Break-evennever at this rate
Slippage: Bulk: live order book, 3 min ago; Deribit: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBulk0.004.6 bp−$55.4 bp−$54doesn’t fitdoesn’t fit
SELL · SHORTDeribit4.349.1 bp−$99.1 bp−$91doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | PAXGRUSDPERP no longer reported ($PAXG) seen by our collector |
| 09-24 11:53 | Bulk | Other | 2/ 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 11:53 | 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 ↗ |
Reya