PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.055%

Price spread now: Extended against Coinbase International−0.080%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.341%−$34 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.080%, 7d avg −0.136%

Together, before fees−0.430%+ Points / potential airdropExtended: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.056% dearer against Coinbase International than usual: you sell high and buy low (spread −0.080% now, against its 7-day average of −0.136%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PAXG-PERP-INTX	4,304.4	0.0232	pay 0.0029% / 1h	58m 12s	$938K	$1.0M	50x
Short	Extended PAXG-USD	4,301	0.0024	get 0.0003% / 1h	58m 12s	$377K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$43.68
Price spread: −0.080% → −0.136%: $5.62
Slippage, 4 orders: −$6.63
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$59.69
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from Coinbase International: live order book, just now; Extended: 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, just now	2.36 bp	7.4 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.12 bp	2.7 bp −$3	4.1 bp −$41	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
Lighter PAXG	−0.0328%	1h	4,299.2	−0.123%	$1.4M	$595K	25x	as long as short
Hibachi PAXG/USDT-P	−0.0160%	1h	4,301.8	−0.061%	$40K	$174K	20x	as long as short
GRVT PAXG_USDT_Perp	−0.0128%	4h	4,301.6	−0.066%	$1.5M	$1.9M	10x	as long as short
Kraken Futures PF_PAXGUSD	−0.0097%	1h	4,301.3	−0.074%	$1.2M	$1.7M	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,302.5	−0.045%	$100K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,302.5	−0.045%	$15.6M	$3.7M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,297.8	−0.154%	$2K	$3.2M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,306.3	+0.044%	$7.9M	$599K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,308	+0.083%	$903K	$802K	75x	as long as short
MEXC PAXG_USDT	+0.0020%	4h	4,307.2	+0.063%	$16.6M	$1.1M	100x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PAXGUSDT	+0.0021%	4h	4,301.7	−0.064%	$80.0M	$78.8M	75x	as long as short
Extended PAXG-USDshort	+0.0024%	1h	4,301	−0.080%	$377K	$1.6M	25x
ApeX Omni PAXGUSDT	+0.0026%	1h	4,303.2	−0.029%	$261K	$772K	50x	as long as short
Aster PAXGUSDT	+0.0029%	4h	4,303.4	−0.023%	$897K	$29K	50x	as long as short
Bitget PAXGUSDT	+0.0032%	4h	4,300.6	−0.089%	$9.5M	$15.9M	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.996%	$1K	$151K	30x	as long as short
Hyperliquid PAXG	+0.0046%	1h	4,301	−0.080%	$20.8M	$2.5M	10x	as long as short
Bybit PAXGUSDT	+0.0092%	4h	4,301.2	−0.075%	$14.8M	$4.1M	75x	as long as short
Paradex PAXG-USD-PERP	+0.0096%	8h	4,301.5	−0.068%	$85K	$4.1M	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,303.3	−0.026%	$1.0M	$304K	10x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,303.4	−0.025%	$28.5M	$5.3M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,302.4	−0.048%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,301.1	−0.078%	$1.2M	$853K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,301.5	−0.069%	$12.2M	$230K	—	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,302.5	−0.045%	$552	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,301	−0.080%	$1.5M	$66K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,300.4	−0.095%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTXlong	+0.0232%	1h	4,304.4	long leg	$938K	$1.0M	50x
01 Exchange PAXGUSD	+0.0776%	1h	4,312.4	+0.185%	$29K	$23K	10x	as long as short