Funding you earn now, next payment 00:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.053%
Price spread now: Phemex against Coinbase International−0.140%7-day average −0.137% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$680.676% of the position
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.140%, 7d avg −0.137%
=The price spread sits at its 7-day average of −0.137%, so right now this pair is about funding alone: −$6 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 | 4,370.1 | 0.0304 | pay 0.0038% / 1h | 56m 48s | $977K | $1.1M | 50x |
| Short | Phemex PAXGUSDT | 4,364 | 0.0100 | get 0.0050% / 4h | 3h 56m | $1.5M | $38K | 50x |
Coinbase International PAXG-PERP-INTX
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$42.84
- Price spread: −0.140% → −0.137%
- −$0.23
- Slippage, 4 orders
- −$45.58
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$110.66
- Costs to cover
- 0.676%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Phemex: live order book, 1 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, 2 min ago | 1.77 bp | 7.7 bp −$8 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 1.15 bp | 24.4 bp −$24 | doesn't fit | 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 | 4,362.4 | −0.176% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,371.9 | +0.041% | $15.8M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,362.8 | −0.167% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,371.1 | +0.023% | $8.0M | $871K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,370 | −0.002% | $912K | $656K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.522% | $1K | $151K | 30x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,366.4 | −0.084% | $1.4M | $262K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,364.8 | −0.121% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,369.7 | −0.009% | $20.6M | $1.9M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,369.6 | −0.012% | $911K | $30K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,365.3 | −0.109% | $1.0M | $365K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,370.1 | +0.001% | $80.3M | $70.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,371 | +0.020% | $15.2M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,365.9 | −0.096% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,372.2 | +0.047% | $28.5M | $5.6M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,370.5 | +0.010% | $9.6M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,370.4 | +0.007% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,369.6 | −0.013% | $1.4M | $973K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,365.6 | −0.104% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,365.9 | −0.097% | $1.5M | $2.1M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,364.1 | −0.136% | $264K | $792K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,366.3 | −0.087% | $560 | — | 10x | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,364 | −0.140% | $1.5M | $38K | 50x | |
| Extended PAXG-USD | +0.0104% | 1h | 4,368.9 | −0.027% | $379K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0136% | 1h | 4,364.8 | −0.121% | $42K | $155K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,366.1 | −0.093% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0207% | 1h | 4,369.1 | −0.023% | $1.3M | $1.5M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTXlong | +0.0304% | 1h | 4,370.1 | long leg | $977K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.0960% | 1h | 4,375.4 | +0.121% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
01 Exchange PAXGUSD