After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.136%7d average+0.105%fees + slippage, in and out−$24spread needed0.244%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PAXGUSDT | 4,335.9 | 0.0100 | pay 0.0050% / 4h | 2h 13m | $79.4M | $67.1M | 75x |
| Short | Coinbase International PAXG-PERP-INTX | 4,341.8 | 0.0296 | get 0.0037% / 1h | 13m 53s | $969K | $1.1M | 50x |
Binance PAXGUSDT
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
- $13.63
- Funding while held
- $5.88
- Slippage, 4 orders
- −$4.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$4.85
- Spread needed to break even
- 0.244%
Slippage from Binance: live order book, 15 min ago; Coinbase International: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0196%
- Per $10,000 a day
- +$5.88
- 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 Binance live order book, 15 min ago | 0.01 bp | 5.0 bp −$5 | 5.4 bp −$54 | 9.3 bp −$927 | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 1.58 bp | 6.6 bp −$7 | 9.9 bp −$99 | 147.3 bp −$14.7K | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,331cheapestApeX Omni4,333.6+0.060%Phemex4,334+0.069%Lighter4,334.8+0.088%Hyperliquid4,335.6+0.106%Extended4,335.6+0.106%Bitget4,335.8+0.110%Reya4,335.9+0.112%dYdX4,335.9+0.112%
SunX
ApeX Omni
Phemex
Lighter
Hyperliquid
Extended
Bitget
Reya
dYdXBinance4,335.9+0.113%
Bybit4,336+0.115%Paradex4,336.2+0.119%Hibachi4,336.4+0.124%Orderly4,336.8+0.133%BingX4,337.2+0.143%Aster4,337.4+0.148%Kraken Futures4,337.5+0.150%MEXC4,337.6+0.152%KuCoin4,337.8+0.157%Pacifica4,338.2+0.166%Backpack4,338.4+0.170%Gate4,338.4+0.170%Injective4,338.4+0.170%Variational Omni4,338.6+0.175%Deribit4,340+0.208%
Bybit
Paradex
Hibachi
Orderly
BingX
Aster
Kraken Futures
MEXC
KuCoin
Pacifica
Backpack
Gate
Injective
Variational Omni
DeribitCoinbase International4,341.8+0.250%
HTX4,342.6+0.267%01 Exchange4,342.7+0.269%
HTXPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.113% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.053% | +0.0100% | 1h | $262K | $788K | 50x | as long as short |
| Phemex PAXGUSDT | −0.045% | +0.0100% | 4h | $1.5M | $33K | 50x | as long as short |
| Lighter PAXG | −0.025% | +0.0096% | 1h | $1.4M | $705K | 25x | as long as short |
| Hyperliquid PAXG | −0.008% | +0.0100% | 1h | $20.3M | $1.8M | 10x | as long as short |
| Extended PAXG-USD | −0.007% | +0.0104% | 1h | $376K | $1.2M | 25x | as long as short |
| Bitget PAXGUSDT | −0.003% | +0.0100% | 4h | $9.2M | $13.1M | 50x | as long as short |
| Reya PAXGRUSDPERP | −0.001% | +0.0189% | 1h | $20K | — | 100x | as long as short |
| dYdX PAXG-USD | −0.001% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Binance PAXGUSDTlong | 0.000% | +0.0100% | 4h | $79.4M | $67.1M | 75x |