Funding you earn now, next payment 01:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.056%
Price spread now: Binance against Coinbase International−0.281%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days−0.336%−$34 on $10k
+Price spread, last 3 days (all we have)+0.138%+$14 · spread now −0.281%, 7d avg −0.103%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.178% cheaper against Coinbase International than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.103%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PAXG-PERP-INTX | 4,359.1 | 0.0312 | pay 0.0039% / 1h | 41m 51s | $973K | $1.1M | 50x |
| Short | Binance PAXGUSDT | 4,346.9 | 0.0100 | get 0.0050% / 4h | 2h 41m | $80.2M | $70.8M | 75x |
Coinbase International PAXG-PERP-INTX
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- −$44.52
- Price spread: −0.281% → −0.103%
- −$17.84
- Slippage, 4 orders
- −$5.6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$87.96
- Costs to cover
- 0.256%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Binance: 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 Coinbase International live order book, 2 min ago | 2.34 bp | 7.8 bp −$8 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.01 bp | 5.4 bp −$5 | 5.9 bp −$59 | 10.0 bp −$1,004 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,350.4 | −0.200% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,348.5 | −0.244% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,342.6 | −0.379% | $2K | $3.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,350.5 | −0.198% | $7.9M | $873K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,354.5 | −0.107% | $905K | $631K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.272% | $1K | $151K | 30x | as long as short |
| Hibachi PAXG/USDT-P | +0.0056% | 1h | 4,349.4 | −0.224% | $42K | $160K | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,346.4 | −0.292% | $1.4M | $304K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,346.4 | −0.292% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,347.3 | −0.272% | $20.7M | $2.1M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Hibachi PAXG/USDT-P
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,346.7 | −0.286% | $907K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,348.2 | −0.251% | $1.0M | $367K | 10x | as long as short |
| Binance PAXGUSDTshort | +0.0100% | 4h | 4,346.9 | −0.281% | $80.2M | $70.8M | 75x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,348.3 | −0.249% | $15.1M | $3.5M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,350 | −0.210% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,349.3 | −0.226% | $28.4M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,348.1 | −0.254% | $9.6M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,348.2 | −0.250% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,348 | −0.256% | $1.4M | $807K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,353.3 | −0.135% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,351.3 | −0.180% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,352.7 | −0.148% | $263K | $787K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,346.2 | −0.297% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,348 | −0.256% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,345.9 | −0.304% | $380K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,347.5 | −0.266% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0247% | 1h | 4,348.2 | −0.251% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTXlong | +0.0312% | 1h | 4,359.1 | long leg | $973K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,357.1 | −0.047% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
01 Exchange PAXGUSD