Funding you earn now, next payment 22:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.061%
Price spread now: Bitget against Coinbase International−0.034%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days−0.307%−$31 on $10k
+Price spread, last 3 days (all we have)−0.119%−$12 · spread now −0.034%, 7d avg −0.089%
=The price spread pays, funding is against you. Bitget is 0.055% dearer against Coinbase International than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.089%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PAXG-PERP-INTX | 4,347.6 | 0.0320 | pay 0.0040% / 1h | 43m 37s | $976K | $1.1M | 50x |
| Short | Bitget PAXGUSDT | 4,346.2 | 0.0100 | get 0.0050% / 4h | 1h 43m | $9.3M | $13.3M | 50x |
Coinbase International PAXG-PERP-INTX
Bitget PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.034% → −0.089%
- $5.5
- Slippage, 4 orders
- −$8.33
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$71.03
- Costs to cover
- 0.303%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago | 1.50 bp | 7.6 bp −$8 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 0.01 bp | 8.0 bp −$8 | 12.0 bp −$120 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,343.7 | −0.089% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,347.6 | 0.000% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,340.6 | −0.161% | $2K | $4.0M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,349.2 | +0.036% | $7.9M | $865K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,347.6 | 0.000% | $909K | $655K | 75x | as long as short |
| Hibachi PAXG/USDT-P | +0.0032% | 1h | 4,346 | −0.036% | $47K | $142K | 20x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,337 | −0.244% | $1K | $121K | 30x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0080% | 1h | 4,346.9 | −0.017% | $1.3M | $1.4M | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,344.6 | −0.068% | $1.4M | $273K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,344.9 | −0.062% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Hibachi PAXG/USDT-P
Injective PAXG/USDC PERP
Kraken Futures PF_PAXGUSD
Lighter PAXG
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 | 4,345.5 | −0.048% | $20.3M | $1.8M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,345.5 | −0.048% | $907K | $28K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,346.6 | −0.024% | $1.0M | $368K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,345.1 | −0.057% | $80.0M | $67.7M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,345.7 | −0.043% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,342.4 | −0.120% | $16.0M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,347.5 | −0.003% | $26.8M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDTshort | +0.0100% | 4h | 4,346.2 | −0.034% | $9.3M | $13.3M | 50x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,345.5 | −0.048% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,346.5 | −0.025% | $1.4M | $952K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,345.3 | −0.052% | $12.5M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,346 | −0.037% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,344.4 | −0.073% | $263K | $796K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,345.5 | −0.049% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,340 | −0.175% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,344.4 | −0.075% | $378K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,345.3 | −0.054% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXlong | +0.0320% | 1h | 4,347.6 | long leg | $976K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.1424% | 1h | 4,363.5 | +0.365% | $29K | $21K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
01 Exchange PAXGUSD