After costs, if the gap returns to its 7d average, $10k−$19
spread now−0.040%7d average−0.112%fees + slippage, in and out−$26spread needed0.262%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PAXG-PERP-INTX | 4,354.8 | 0.0256 | pay 0.0032% / 1h | 39m 43s | $971K | $1.1M | 50x |
| Short | Paradex PAXG-USD-PERP | 4,353.1 | 0.0100 | get 0.0100% / 8h | 7h 39m | $84K | $3.3M | 50x |
Coinbase International PAXG-PERP-INTX
Paradex PAXG-USD-PERPPrice 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
- −$3.97
- Funding while held
- −$4.69
- Slippage, 4 orders
- −$12.25
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$34.91
- Spread needed to break even
- 0.262%
Slippage from Coinbase International: live order book, just now; Paradex: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0156%
- Per $10,000 a day
- −$4.69
- 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 Coinbase International live order book, just now | 3.72 bp | 9.0 bp −$9 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell Paradex live order book, 1 min ago | 2.29 bp | 4.3 bp −$4 | 111.6 bp −$1,116 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,346.6+0.189%ApeX Omni4,347.8+0.217%Phemex4,350+0.267%Variational Omni4,350.2+0.272%MEXC4,350.6+0.282%dYdX4,351.1+0.292%Orderly4,351.3+0.297%Hibachi4,351.4+0.299%Reya4,351.8+0.309%Lighter4,351.9+0.310%Extended4,352.1+0.317%Hyperliquid4,352.5+0.324%Aster4,353+0.337%
Injective
SunX
ApeX Omni
Phemex
Variational Omni
MEXC
dYdX
Orderly
Hibachi
Reya
Lighter
Extended
Hyperliquid
AsterParadex4,353.1+0.338%
Binance4,353.1+0.338%Bitget4,353.3+0.344%BingX4,353.6+0.351%Pacifica4,354+0.360%Bybit4,354.2+0.363%Gate4,354.3+0.366%Kraken Futures4,354.4+0.370%
Binance
Bitget
BingX
Pacifica
Bybit
Gate
Kraken FuturesCoinbase International4,354.8+0.378%
Backpack4,354.8+0.379%KuCoin4,354.9+0.381%HTX4,355.4+0.392%Deribit4,355.8+0.400%01 Exchange4,356.1+0.408%
Backpack
KuCoin
HTX
DeribitPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.376% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| SunX PAXG-USDT | −0.188% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.160% | +0.0100% | 1h | $263K | $791K | 50x | as long as short |
| Phemex PAXGUSDT | −0.110% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Variational Omni PAXG | −0.106% | +0.0100% | 4h | $12.5M | $85K | — | as long as short |
| MEXC PAXG_USDT | −0.095% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| dYdX PAXG-USD | −0.085% | 0.0000% | 1h | $102K | $19K | 5x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.080% | +0.0100% | 4h | $558 | — | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.078% | −0.0120% | 1h | $41K | $144K | 20x | as long as short |
| Reya PAXGRUSDPERP | −0.069% | +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 | |
|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.067% | +0.0096% | 1h | $1.4M | $700K | 25x | as long as short |
| Extended PAXG-USD | −0.061% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Hyperliquid PAXG | −0.053% | +0.0100% | 1h | $20.4M | $1.7M | 10x | as long as short |
| Aster PAXGUSDT | −0.041% | +0.0100% | 4h | $907K | $71K | 50x | as long as short |
| Paradex PAXG-USD-PERPshort | −0.040% | +0.0100% | 8h | $84K | $3.3M | 50x | |
| Binance PAXGUSDT | −0.039% | +0.0100% | 4h | $79.7M | $67.1M | 75x | as long as short |
| Bitget PAXGUSDT | −0.034% | +0.0100% | 4h | $9.1M | $12.5M | 50x | as long as short |
| BingX PAXG-USDT | −0.026% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| Pacifica PAXG | −0.017% | +0.0100% | 1h | $1.0M | $396K | 10x | as long as short |
| Bybit PAXGUSDT | −0.014% | +0.0100% | 4h | $15.1M | $3.4M | 75x | as long as short |
| Gate PAXG_USDT | −0.011% | 0.0000% | 8h | $15.8M | $4.4M | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.008% | +0.0051% | 1h | $1.3M | $1.1M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTXlong | 0.000% | +0.0256% | 1h | $971K | $1.1M | 50x | |
| Backpack PAXG_USDC_PERP | +0.001% | +0.0100% | 1h | $1.1M | $1.1M | 50x | as long as short |
| KuCoin PAXGUSDTM | +0.003% | +0.0100% | 4h | $26.8M | $5.0M | 30x | as long as short |
| HTX PAXG-USDT | +0.014% | 0.0000% | 4h | $917K | $621K | 75x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.022% | 0.0000% | 1h | $7.9M | $832K | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.030% | +0.0400% | 1h | $15K | $3K | 10x | as long as short |