Funding you earn now, next payment 03:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.057%
Price spread now: Binance against Coinbase International−0.096%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$240.245% of the position
Funding, last 7 days−0.341%−$34 on $10k
+Price spread, last 4 days (all we have)−0.114%−$11 · spread now −0.096%, 7d avg −0.105%
=The price spread sits at its 7-day average of −0.105%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PAXG-PERP-INTX | 4,342.3 | 0.0320 | pay 0.0040% / 1h | 47m 44s | $967K | $1.1M | 50x |
| Short | Binance PAXGUSDT | 4,338.1 | 0.0100 | get 0.0050% / 4h | 47m 44s | $80.2M | $70.4M | 75x |
Coinbase International PAXG-PERP-INTX
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.2
- Price spread: −0.096% → −0.105%
- $0.98
- Slippage, 4 orders
- −$4.46
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$69.68
- Costs to cover
- 0.245%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Binance: live order book, 10 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 Coinbase International live order book, 1 min ago | 1.91 bp | 7.4 bp −$7 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.01 bp | 5.0 bp −$5 | 5.6 bp −$56 | 9.4 bp −$941 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0128% | 1h | 4,336.7 | −0.128% | $41K | $158K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,337.7 | −0.104% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,339.5 | −0.063% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,334.6 | −0.176% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,341 | −0.029% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,343.3 | +0.023% | $904K | $671K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.116% | $1K | $151K | 30x | as long as short |
| Lighter PAXG | +0.0080% | 1h | 4,336.8 | −0.126% | $1.4M | $347K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0092% | 4h | 4,339.6 | −0.060% | $1.5M | $1.9M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,337.1 | −0.118% | $80K | $3.7M | 50x | as long as short |
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
GRVT PAXG_USDT_Perp
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,338.9 | −0.077% | $20.7M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,338.4 | −0.089% | $905K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,338.6 | −0.083% | $1.0M | $339K | 10x | as long as short |
| Binance PAXGUSDTshort | +0.0100% | 4h | 4,338.1 | −0.096% | $80.2M | $70.4M | 75x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,338.5 | −0.086% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,340 | −0.052% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,341 | −0.029% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,338.5 | −0.088% | $9.6M | $14.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,338.3 | −0.091% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,338.4 | −0.089% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,337.5 | −0.110% | $12.4M | $97K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,336.4 | −0.134% | $262K | $790K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,337.4 | −0.112% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,338 | −0.098% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,336.7 | −0.128% | $380K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,337.5 | −0.110% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0210% | 1h | 4,338.6 | −0.083% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTXlong | +0.0320% | 1h | 4,342.3 | long leg | $967K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.0984% | 1h | 4,348.9 | +0.153% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
01 Exchange PAXGUSD