Funding you earn now, next payment 05:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h +0.053%
Price spread now: Coinbase International against MEXC−0.040%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Funding, last 7 days+0.344%+$34 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.040%, 7d avg −0.033%
=The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,330.6 | 0.0034 | pay 0.0017% / 4h | 2h 25m | $16.1M | $1.0M | 100x |
| Short | Coinbase International PAXG-PERP-INTX | 4,328.9 | 0.0248 | get 0.0031% / 1h | 25m 52s | $952K | $1.1M | 50x |
MEXC PAXG_USDT
Coinbase International PAXG-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against MEXC. 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
- $44.94
- Price spread: −0.040% → −0.033%
- −$0.69
- Slippage, 4 orders
- −$6.7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $23.55
- Costs to cover
- 0.207%
- Break-even
- 3.3 days
Slippage from MEXC: live order book, 3 min ago; Coinbase International: live order book, 3 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 MEXC live order book, 3 min ago | 0.06 bp | 2.9 bp −$3 | 18.9 bp −$189 | 62.3 bp −$6,232 | 127.9 bp −$63.9K |
| Sell Coinbase International live order book, 3 min ago | 1.98 bp | 7.0 bp −$7 | 14.2 bp −$142 | 137.4 bp −$13.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,325.2 | −0.125% | $40K | $165K | 20x | as long as short |
| Lighter PAXG | −0.0136% | 1h | 4,325.5 | −0.117% | $1.4M | $387K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,328.2 | −0.054% | $1.3M | $1.6M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0024% | 1h | 4,325.5 | −0.116% | $262K | $783K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0002% | 4h | 4,326.4 | −0.097% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,325.5 | −0.118% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,328.9 | −0.039% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,323.1 | −0.173% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,331.2 | +0.014% | $7.9M | $839K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,330.7 | +0.002% | $902K | $716K | 75x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0032% | 1h | 4,326.7 | −0.090% | $379K | $1.4M | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.386% | $1K | $151K | 30x | as long as short |
| Binance PAXGUSDT | +0.0033% | 4h | 4,328.7 | −0.043% | $79.7M | $72.9M | 75x | as long as short |
| MEXC PAXG_USDTlong | +0.0034% | 4h | 4,330.6 | long leg | $16.1M | $1.0M | 100x | |
| Aster PAXGUSDT | +0.0063% | 4h | 4,328.3 | −0.052% | $903K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0077% | 1h | 4,327.7 | −0.067% | $20.8M | $2.4M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,327.6 | −0.069% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,326.7 | −0.090% | $555 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,328.4 | −0.050% | $1.0M | $349K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,327.9 | −0.062% | $14.8M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,329.4 | −0.026% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,328.1 | −0.057% | $9.8M | $15.6M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,328.7 | −0.043% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327.7 | −0.067% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.4 | −0.096% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,327 | −0.083% | $1.5M | $34K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,326.9 | −0.085% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXshort | +0.0248% | 1h | 4,328.9 | −0.040% | $952K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.0808% | 1h | 4,337.5 | +0.160% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
Injective PAXG/USDC PERP
Binance PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
01 Exchange PAXGUSD