PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0216%/8h= −23.7% APRnext payment −$0.27 per $10,000 · paid last 24h −0.055%

Price spread now: Extended against Coinbase International−0.106%7-day average −0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.334%−$33 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now −0.106%, 7d avg −0.135%

Together, before fees−0.462%+ Points / potential airdropExtended: Active · farm board−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.029% dearer against Coinbase International than usual: you sell high and buy low (spread −0.106% now, against its 7-day average of −0.135%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PAXG-PERP-INTX	4,346.5	0.0320	pay 0.0040% / 1h	16m 14s	$968K	$1.1M	50x
Short	Extended PAXG-USD	4,341.9	0.0104	get 0.0013% / 1h	16m 14s	$379K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$45.36
Price spread: −0.106% → −0.135%: $2.88
Slippage, 4 orders: −$4.63
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$62.11
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Extended: live order book, 2 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	2.14 bp	7.1 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.12 bp	2.7 bp −$3	4.1 bp −$41	doesn't fit	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	−0.0136%	1h	4,342.8	−0.083%	$42K	$155K	20x	as long as short
Lighter PAXG	0.0000%	1h	4,341.1	−0.124%	$1.4M	$357K	25x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,345.5	−0.023%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,345.2	−0.029%	$15.6M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,339.7	−0.156%	$2K	$3.6M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,346.8	+0.008%	$7.9M	$868K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,348.9	+0.055%	$905K	$682K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.019%	$1K	$151K	30x	as long as short
GRVT PAXG_USDT_Perp	+0.0078%	4h	4,344.9	−0.036%	$1.5M	$1.9M	10x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,343.5	−0.068%	$81K	$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
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,342.7	−0.087%	$557	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,343.7	−0.063%	$20.8M	$2.4M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,343.4	−0.071%	$906K	$28K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,345	−0.034%	$1.0M	$340K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,343.1	−0.078%	$80.1M	$70.7M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,343.9	−0.059%	$14.9M	$3.8M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,344.5	−0.044%	$16.2M	$1.1M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,345.7	−0.017%	$28.6M	$5.4M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,344.1	−0.054%	$9.7M	$14.9M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,344	−0.056%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,343.7	−0.064%	$1.3M	$804K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,343	−0.079%	$12.5M	$97K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,343.8	−0.062%	$263K	$788K	50x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,343	−0.080%	$1.5M	$39K	50x	as long as short
Extended PAXG-USDshort	+0.0104%	1h	4,341.9	−0.106%	$379K	$1.5M	25x
Reya PAXGRUSDPERP	+0.0189%	1h	4,343.2	−0.076%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0210%	1h	4,343	−0.079%	$1.3M	$1.4M	20x	as long as short
Coinbase International PAXG-PERP-INTXlong	+0.0320%	1h	4,346.5	long leg	$968K	$1.1M	50x
01 Exchange PAXGUSD	+0.0856%	1h	4,354.2	+0.178%	$29K	$23K	10x	as long as short