Funding you earn now, next payment 08:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.056%
Price spread now: Bitget against Coinbase International−0.062%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 7 days−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.062%, 7d avg −0.091%
=The price spread pays, funding is against you. Bitget is 0.030% dearer against Coinbase International than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.091%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PAXG-PERP-INTX | 4,300.8 | 0.0232 | pay 0.0029% / 1h | 26m 44s | $932K | $1.0M | 50x |
| Short | Bitget PAXGUSDT | 4,298.2 | 0.0024 | get 0.0012% / 4h | 3h 26m | $9.5M | $16.1M | 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
- −$43.68
- Price spread: −0.062% → −0.091%
- $2.98
- Slippage, 4 orders
- −$9.36
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$72.06
- Costs to cover
- 0.314%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Bitget: 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 Coinbase International live order book, 2 min ago | 3.08 bp | 8.1 bp −$8 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.01 bp | 7.3 bp −$7 | 9.1 bp −$91 | 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 | −0.0184% | 1h | 4,296 | −0.112% | $1.4M | $625K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0184% | 1h | 4,296.2 | −0.107% | $42K | $174K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0122% | 4h | 4,302.6 | +0.042% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,299.1 | −0.038% | $1.3M | $1.8M | 20x | as long as short |
| dYdX PAXG-USD | −0.0011% | 1h | 4,297.8 | −0.070% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,302.2 | +0.033% | $15.6M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,294.1 | −0.157% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,303.2 | +0.057% | $7.9M | $602K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,302.8 | +0.047% | $904K | $824K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0012% | 4h | 4,307 | +0.143% | $16.8M | $1.2M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0012% | 4h | 4,299.2 | −0.037% | $80.0M | $80.9M | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,298.6 | −0.052% | $373K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDTshort | +0.0024% | 4h | 4,298.2 | −0.062% | $9.5M | $16.1M | 50x | |
| Aster PAXGUSDT | +0.0027% | 4h | 4,299.5 | −0.030% | $898K | $37K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.081% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0074% | 1h | 4,302.6 | +0.042% | $261K | $772K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0093% | 8h | 4,295.8 | −0.117% | $81K | $4.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,296.8 | −0.093% | $21.0M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,298.1 | −0.063% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,299.5 | −0.030% | $14.8M | $4.4M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,301.8 | +0.024% | $28.7M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,299.9 | −0.021% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,298.5 | −0.054% | $1.2M | $861K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,301.7 | +0.022% | $12.2M | $230K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,296.5 | −0.100% | $551 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,298 | −0.065% | $1.5M | $78K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,293.7 | −0.164% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXlong | +0.0232% | 1h | 4,300.8 | long leg | $932K | $1.0M | 50x | |
| 01 Exchange PAXGUSD | +0.0840% | 1h | 4,307.5 | +0.156% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
01 Exchange PAXGUSD