After costs, if the gap returns to its 7d average, $10k−$15
spread now+0.149%7d average+0.069%fees + slippage, in and out−$23spread needed0.226%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,348.3 | 0.0100 | pay 0.0013% / 1h | 19m 44s | $1.1M | $1.1M | 50x |
| Short | Coinbase International PAXG-PERP-INTX | 4,354.8 | 0.0256 | get 0.0032% / 1h | 19m 44s | $971K | $1.1M | 50x |
Backpack PAXG_USDC_PERP
Coinbase International PAXG-PERP-INTXPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $14.86
- Funding while held
- $4.68
- Slippage, 4 orders
- −$2.63
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$3.1
- Spread needed to break even
- 0.226%
Slippage from Backpack: live order book, 1 min ago; Coinbase International: live order book, just now.
Cost of waiting
funding view- Funding /8h
- +0.0156%
- Per $10,000 a day
- +$4.68
- Average in range /8h
- —
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 Backpack live order book, 1 min ago | 0.01 bp | 5.2 bp −$5 | 6.8 bp −$68 | 84.6 bp −$8,458 | doesn't fit |
| Sell Coinbase International live order book, just now | 0.51 bp | 5.5 bp −$6 | 11.7 bp −$117 | 156.5 bp −$15.7K | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,340.8+0.056%Phemex4,343+0.106%Extended4,344.8+0.149%Lighter4,345+0.151%Bitget4,345.3+0.159%Binance4,345.7+0.168%Hyperliquid4,346.1+0.177%BingX4,346.5+0.187%Reya4,346.7+0.192%Variational Omni4,346.8+0.194%ApeX Omni4,346.8+0.194%Paradex4,346.8+0.194%Aster4,346.9+0.197%Hibachi4,347+0.197%Bybit4,347+0.198%Orderly4,347+0.198%dYdX4,347.3+0.206%Kraken Futures4,347.6+0.213%MEXC4,347.7+0.213%KuCoin4,347.7+0.213%Pacifica4,348+0.221%Gate4,348+0.221%
Injective
SunX
Phemex
Extended
Lighter
Bitget
Binance
Hyperliquid
BingX
Reya
Variational Omni
ApeX Omni
Paradex
Aster
Hibachi
Bybit
Orderly
dYdX
Kraken Futures
MEXC
KuCoin
Pacifica
GateBackpack4,348.3+0.229%
Deribit4,350.3+0.274%HTX4,351.1+0.293%
Deribit
HTXCoinbase International4,354.8+0.378%
01 Exchange4,355+0.383%PAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.228% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| SunX PAXG-USDT | −0.172% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.122% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Extended PAXG-USD | −0.080% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Lighter PAXG | −0.077% | +0.0096% | 1h | $1.4M | $701K | 25x | as long as short |
| Bitget PAXGUSDT | −0.070% | +0.0100% | 4h | $9.2M | $12.7M | 50x | as long as short |
| Binance PAXGUSDT | −0.060% | +0.0100% | 4h | $79.6M | $67.4M | 75x | as long as short |
| Hyperliquid PAXG | −0.051% | +0.0100% | 1h | $20.4M | $1.7M | 10x | as long as short |
| BingX PAXG-USDT | −0.041% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| Reya PAXGRUSDPERP | −0.037% | +0.0189% | 1h | $21K | — | 100x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PAXG | −0.035% | +0.0100% | 4h | $12.5M | $85K | — | as long as short |
| ApeX Omni PAXGUSDT | −0.034% | +0.0100% | 1h | $263K | $792K | 50x | as long as short |
| Paradex PAXG-USD-PERP | −0.034% | +0.0100% | 8h | $84K | $3.4M | 50x | as long as short |
| Aster PAXGUSDT | −0.032% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
| Hibachi PAXG/USDT-P | −0.032% | −0.0168% | 1h | $41K | $144K | 20x | as long as short |
| Bybit PAXGUSDT | −0.030% | +0.0100% | 4h | $15.1M | $3.5M | 75x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.030% | +0.0100% | 4h | $558 | — | 10x | as long as short |
| dYdX PAXG-USD | −0.023% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.016% | +0.0051% | 1h | $1.3M | $1.1M | 20x | as long as short |
| MEXC PAXG_USDT | −0.015% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | −0.015% | +0.0100% | 4h | $26.7M | $5.0M | 30x | as long as short |
| Pacifica PAXG | −0.008% | +0.0100% | 1h | $1.0M | $392K | 10x | as long as short |
| Gate PAXG_USDT | −0.007% | 0.0000% | 8h | $15.8M | $4.4M | 100x | as long as short |
| Backpack PAXG_USDC_PERPlong | 0.000% | +0.0100% | 1h | $1.1M | $1.1M | 50x | |
| Deribit PAXG_USDC-PERPETUAL | +0.045% | 0.0000% | 1h | $7.9M | $832K | 50x | as long as short |
| HTX PAXG-USDT | +0.064% | 0.0000% | 4h | $916K | $625K | 75x | as long as short |
| Coinbase International PAXG-PERP-INTXshort | +0.149% | +0.0256% | 1h | $971K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.154% | +0.0464% | 1h | $15K | $3K | 10x | as long as short |