PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.24 per $10,000 · paid last 24h +0.053%

Price spread now: Coinbase International against Pacifica+0.113%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.273%+$27 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.113%, 7d avg +0.069%

Together, before fees+0.270%+ Points / potential airdropPacifica: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.044% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PAXG	4,362.7	0.0100	pay 0.0013% / 1h	6m 12s	$1.0M	$363K	10x
Short	Coinbase International PAXG-PERP-INTX	4,367.6	0.0296	get 0.0037% / 1h	6m 12s	$976K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Pacifica. 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 PacificabpFee Coinbase InternationalbpOrdersPrice spread, now +0.113%Rate

Funding earned: $41.16
Price spread: +0.113% → +0.069%: $4.37
Slippage, 4 orders: −$6.74
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $20.79
Costs to cover: 0.247%
Break-even: 3.5 days

Slippage from Pacifica: live order book, 3 min ago; Coinbase International: live order book, 2 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 Pacifica live order book, 3 min ago	0.34 bp	5.1 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.38 bp	7.4 bp −$7	13.6 bp −$136	170.7 bp −$17.1K	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
Injective PAXG/USDC PERP	−0.0007%	1h	4,347.3	−0.353%	$1K	$151K	30x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,362.4	−0.007%	$102K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,363.7	+0.023%	$15.8M	$3.7M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,357.5	−0.120%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,365.1	+0.055%	$7.9M	$866K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,365.3	+0.059%	$910K	$650K	75x	as long as short
Lighter PAXG	+0.0096%	1h	4,360.9	−0.043%	$1.4M	$272K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,359.9	−0.064%	$81K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,362.3	−0.009%	$20.5M	$1.9M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,361.7	−0.024%	$910K	$30K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PAXGlong	+0.0100%	1h	4,362.7	long leg	$1.0M	$363K	10x
Binance PAXGUSDT	+0.0100%	4h	4,362.2	−0.011%	$80.1M	$69.8M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,362.7	−0.001%	$15.1M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,359.6	−0.072%	$16.1M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,363.7	+0.023%	$28.4M	$5.5M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,362.7	−0.001%	$9.6M	$14.9M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,362.2	−0.012%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,363.3	+0.014%	$1.4M	$972K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,362.5	−0.006%	$12.5M	$104K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,362.3	−0.010%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,362	−0.016%	$264K	$794K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,360.4	−0.053%	$559	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,359	−0.085%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,360.3	−0.054%	$378K	$1.2M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0160%	1h	4,362.1	−0.013%	$48K	$143K	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,359.8	−0.068%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0285%	1h	4,362.7	0.000%	$1.3M	$1.5M	20x	as long as short
Coinbase International PAXG-PERP-INTXshort	+0.0296%	1h	4,367.6	+0.113%	$976K	$1.1M	50x
01 Exchange PAXGUSD	+0.0968%	1h	4,371.6	+0.204%	$29K	$23K	10x	as long as short