Funding you earn now, next payment 23:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h +0.091%
Price spread now: Coinbase International against dYdX+0.097%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days+0.524%+$52 on $10k
+Price spread, last 3 days (all we have)+0.044%+$4 · spread now +0.097%, 7d avg +0.084%
=The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: +$9 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 | 4,358.3 | 0 | get 0.0000% / 1h | 41m 21s | $102K | $12K | 5x |
| Short | Coinbase International PAXG-PERP-INTX | 4,362.5 | 0.0296 | get 0.0037% / 1h | 41m 21s | $976K | $1.1M | 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
- $62.16
- Price spread: +0.097% → +0.084%
- $1.32
- Slippage, 4 orders
- −$34.82
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $8.66
- Costs to cover
- 0.548%
- Break-even
- 6.0 days
Slippage from dYdX: live order book, 37 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 dYdX live order book, 37 min ago | 14.96 bp | 20.0 bp −$20 | 174.0 bp −$1,740 | 356.2 bp −$35.6K | 1164.5 bp −$582.3K |
| Sell Coinbase International live order book, 2 min ago | 1.58 bp | 6.6 bp −$7 | 12.4 bp −$124 | 166.8 bp −$16.7K | 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 | −0.253% | $1K | $151K | 30x | as long as short |
| dYdX PAXG-USDlong | 0.0000% | 1h | 4,358.3 | long leg | $102K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,359.3 | +0.022% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,353.6 | −0.107% | $1K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,361.5 | +0.072% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,363.4 | +0.117% | $911K | $634K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,356.9 | −0.032% | $1.4M | $270K | 25x | as long as short |
| ApeX Omni PAXGUSDT | +0.0097% | 1h | 4,354.4 | −0.091% | $263K | $796K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,357.5 | −0.020% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,358.2 | −0.003% | $20.4M | $1.8M | 10x | as long as short |
Injective PAXG/USDC PERP
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,358 | −0.008% | $909K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,359.2 | +0.020% | $1.0M | $344K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,357.8 | −0.011% | $80.0M | $68.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,358.3 | −0.001% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,356.6 | −0.040% | $16.1M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,360.1 | +0.042% | $27.0M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,359.1 | +0.017% | $9.9M | $14.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,358.3 | 0.000% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,358.5 | +0.004% | $1.4M | $971K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,357.9 | −0.010% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,359.7 | +0.032% | $1.5M | $1.9M | 10x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,357.4 | −0.021% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,355 | −0.076% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,357 | −0.030% | $378K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0160% | 1h | 4,359.5 | +0.026% | $48K | $141K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,357.8 | −0.013% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0286% | 1h | 4,358.8 | +0.010% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTXshort | +0.0296% | 1h | 4,362.5 | +0.097% | $976K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.0992% | 1h | 4,368.6 | +0.236% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
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
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
01 Exchange PAXGUSD