PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.052%

Price spread now: Coinbase International against Pacifica+0.027%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$390.391% 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+0.267%+$27 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now +0.027%, 7d avg +0.068%

Together, before fees+0.406%+ Points / potential airdropPacifica: Active · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.041% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.068%). If the spread goes back, that is −$4 on $10k: about 15 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	Pacifica PAXG	4,343.1	0.0100	pay 0.0013% / 1h	58m 45s	$1.0M	$373K	10x
Short	Coinbase International PAXG-PERP-INTX	4,344.3	0.0320	get 0.0040% / 1h	58m 45s	$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 +0.027%Rate

Funding earned: $46.2
Price spread: +0.027% → +0.068%: −$4.11
Slippage, 4 orders: −$21.05
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $3.04
Costs to cover: 0.391%
Break-even: 6.5 days

Slippage from Pacifica: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago	0.35 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	1.96 bp	18.3 bp −$18	27.6 bp −$276	205.7 bp −$20.6K	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	−0.0072%	1h	4,338.3	−0.111%	$47K	$156K	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,340	−0.070%	$101K	$18K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,344.5	+0.032%	$15.8M	$3.6M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,338.3	−0.111%	$2K	$4.1M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,345.2	+0.049%	$7.9M	$865K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,344.7	+0.037%	$908K	$664K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,337	−0.140%	$1K	$121K	30x	as long as short
Kraken Futures PF_PAXGUSD	+0.0080%	1h	4,339.7	−0.078%	$1.3M	$1.5M	20x	as long as short
Lighter PAXG	+0.0096%	1h	4,341.7	−0.032%	$1.4M	$273K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,342.1	−0.022%	$80K	$3.7M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	4,342.2	−0.020%	$20.3M	$2.0M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,342	−0.026%	$907K	$74K	50x	as long as short
Pacifica PAXGlong	+0.0100%	1h	4,343.1	long leg	$1.0M	$373K	10x
Binance PAXGUSDT	+0.0100%	4h	4,342.5	−0.014%	$80.0M	$70.8M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,343.5	+0.009%	$15.2M	$3.8M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,342.1	−0.022%	$15.9M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,344.1	+0.023%	$26.8M	$5.5M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,342.8	−0.006%	$9.2M	$14.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,342.9	−0.004%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,342.8	−0.006%	$1.4M	$1.3M	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,337.1	−0.139%	$12.4M	$114K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,337	−0.141%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,335.2	−0.181%	$262K	$799K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,341.3	−0.041%	$557	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,338	−0.117%	$1.5M	$40K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,341.2	−0.043%	$377K	$1.2M	25x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,342.3	−0.018%	$21K	—	100x	as long as short
Coinbase International PAXG-PERP-INTXshort	+0.0320%	1h	4,344.3	+0.027%	$976K	$1.1M	50x
01 Exchange PAXGUSD	+0.1496%	1h	4,356.1	+0.299%	$29K	$21K	10x	as long as short