PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.054%

Price spread now: Coinbase International against Extended+0.034%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.339%+$34 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now +0.034%, 7d avg +0.136%

Together, before fees+0.465%+ Points / potential airdropExtended: Active · farm board+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.101% cheaper against Extended than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.136%). If the spread goes back, that is −$10 on $10k: about 34 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PAXG-USD	4,316.6	−0.0008	get 0.0001% / 1h	27m 02s	$378K	$625K	25x
Short	Coinbase International PAXG-PERP-INTX	4,318.1	0.0232	get 0.0029% / 1h	27m 02s	$972K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.034%Rate

Funding earned: $50.4
Price spread: +0.034% → +0.136%: −$10.14
Slippage, 4 orders: −$5.08
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $20.18
Costs to cover: 0.201%
Break-even: 4.2 days

Slippage from Extended: live order book, 16 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 Extended live order book, 16 min ago	0.12 bp	2.7 bp −$3	4.1 bp −$41	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.36 bp	7.4 bp −$7	9.9 bp −$99	118.9 bp −$11.9K	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	4,315.6	−0.023%	$1.4M	$466K	25x	as long as short
Hibachi PAXG/USDT-P	−0.0136%	1h	4,318.9	+0.054%	$44K	$166K	20x	as long as short
GRVT PAXG_USDT_Perp	−0.0112%	4h	4,318.1	+0.035%	$1.5M	$2.0M	10x	as long as short
Kraken Futures PF_PAXGUSD	−0.0044%	1h	4,318.4	+0.041%	$1.2M	$1.9M	20x	as long as short
Extended PAXG-USDlong	−0.0008%	1h	4,316.6	long leg	$378K	$625K	25x
Binance PAXGUSDT	−0.0005%	4h	4,317.8	+0.027%	$79.6M	$75.0M	75x	as long as short
MEXC PAXG_USDT	−0.0004%	4h	4,322.7	+0.140%	$16.5M	$1.0M	100x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,317.9	+0.030%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,319.5	+0.067%	$15.6M	$3.8M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,313.8	−0.065%	$2K	$3.4M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,322	+0.125%	$7.9M	$850K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,321	+0.101%	$904K	$771K	75x	as long as short
ApeX Omni PAXGUSDT	+0.0006%	1h	4,315.6	−0.022%	$261K	$773K	50x	as long as short
Aster PAXGUSDT	+0.0013%	4h	4,319.9	+0.078%	$901K	$27K	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.711%	$1K	$151K	30x	as long as short
Paradex PAXG-USD-PERP	+0.0098%	8h	4,317.9	+0.030%	$85K	$3.3M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,317.5	+0.021%	$554	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,318.1	+0.035%	$20.7M	$2.4M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,319.4	+0.065%	$1.0M	$316K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,319.1	+0.058%	$14.9M	$4.0M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,320.5	+0.090%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,317.1	+0.012%	$9.4M	$16.5M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,318.7	+0.049%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,318	+0.032%	$1.3M	$814K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,316.4	−0.005%	$12.3M	$221K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,316	−0.014%	$1.5M	$52K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,317.2	+0.013%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTXshort	+0.0232%	1h	4,318.1	+0.034%	$972K	$1.1M	50x
01 Exchange PAXGUSD	+0.0792%	1h	4,329.1	+0.290%	$29K	$23K	10x	as long as short