Funding you earn now, next payment 08:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.091%
Price spread now: Coinbase International against dYdX+0.073%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2032.032% of the position
Funding, last 7 days+0.542%+$54 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.073%, 7d avg +0.087%
=The price spread sits at its 7-day average of +0.087%, 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 | dYdX PAXG-USD | 4,306 | 0 | get 0.0000% / 1h | 52m 32s | $100K | $12K | 5x |
| Short | Coinbase International PAXG-PERP-INTX | 4,309.1 | 0.0232 | get 0.0029% / 1h | 52m 32s | $937K | $1.0M | 50x |
dYdX PAXG-USD
Coinbase International PAXG-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against dYdX. 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
- $48.72
- Price spread: +0.073% → +0.087%
- −$1.39
- Slippage, 4 orders
- −$183.2
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$155.87
- Costs to cover
- 2.032%
- Break-even
- 29.4 days
Slippage from dYdX: live order book, 46 min ago; Coinbase International: 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 dYdX live order book, 46 min ago | 89.55 bp | 94.6 bp −$95 | 94.6 bp −$946 | 96.4 bp −$9,644 | 638.6 bp −$319.3K |
| Sell Coinbase International live order book, 1 min ago | 2.03 bp | 7.0 bp −$7 | 14.5 bp −$145 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PAXG_USDT_Perp | −0.0260% | 4h | 4,305.8 | −0.004% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXG | −0.0256% | 1h | 4,304.4 | −0.037% | $1.4M | $607K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,306.4 | +0.010% | $41K | $171K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,307.8 | +0.042% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USDlong | 0.0000% | 1h | 4,306 | long leg | $100K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,308.5 | +0.059% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,302.2 | −0.087% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,310.7 | +0.109% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,310.4 | +0.103% | $903K | $804K | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,305.3 | −0.016% | $377K | $1.6M | 25x | as long as short |
GRVT PAXG_USDT_Perp
Lighter PAXG
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0016% | 4h | 4,312.3 | +0.148% | $16.6M | $1.1M | 100x | as long as short |
| Binance PAXGUSDT | +0.0018% | 4h | 4,306.8 | +0.019% | $80.3M | $79.5M | 75x | as long as short |
| Aster PAXGUSDT | +0.0027% | 4h | 4,306.1 | +0.003% | $898K | $32K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0030% | 4h | 4,305.9 | −0.002% | $9.4M | $16.0M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.960% | $1K | $151K | 30x | as long as short |
| BingX PAXG-USDT | +0.0092% | 4h | 4,308.2 | +0.051% | — | $6.8M | — | as long as short |
| Paradex PAXG-USD-PERP | +0.0095% | 8h | 4,306.1 | +0.002% | $85K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,306.1 | +0.003% | $21.0M | $2.5M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,308.4 | +0.056% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,307 | +0.023% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,307.5 | +0.036% | $28.5M | $5.3M | 30x | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,306.8 | +0.019% | $1.2M | $856K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,302.4 | −0.082% | $12.2M | $230K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,302.3 | −0.084% | $261K | $769K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,306 | +0.001% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,305 | −0.023% | $1.5M | $66K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,304.7 | −0.029% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXshort | +0.0232% | 1h | 4,309.1 | +0.073% | $937K | $1.0M | 50x | |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,317.2 | +0.261% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
BingX PAXG-USDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
01 Exchange PAXGUSD