PAXG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BulkPAXG-USD	4,167.7	+0.0100	pay 0.0013% / 1h	58m 46s	$836K	$1.8M	20x	Long Bulk
SHORT	Kraken FuturesPF_PAXGUSD	4,171	−0.0063	pay 0.0008% / 1h	58m 46s	$1.4M	$1.3M	25x	Short Kraken Futures

Price gap+0.079%

Funding gap−0.0163% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 16 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$19−0.0163% /8h now · paid +0.186% over the last 7D

Price+$3spread +0.079% now, avg +0.048% → +0.032% if it goes back

Costs−$290.293% of $10k · taker + slippage, in and out

Result−$8−0.08%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+0.079%

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 29 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

OK: Fits both order books5.1 / 8.8 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $400
Bulk 20x, Kraken Futures 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$4.88Long Bulk: 24 payments, −$3.00; short Kraken Futures: 24 payments, −$1.88.
OK: Entry gap works for you+0.079% vs +0.048%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$836K vs $1.4M OI
Bulk sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBulk No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0091%/8h × 21 periods+$19.07

Price spread+0.079% → +0.048% (7d avg)+$3.19

Slippage, 4 orderslive order books−$12.34

Fee Bulk bp × 2 orders−$7.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$7.08

Costs to cover0.293%Break-even9.6 days

Slippage: Bulk: live order book, just now; Kraken Futures: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBulk0.245.1 bp−$56.6 bp−$66doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures1.088.8 bp−$912.4 bp−$12442.7 bp−$4,268doesn’t fit

Closing costs about the same again.

PAXG news

posts that mention PAXG, from every exchangeSearch all news →

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 ↗