data as of
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Price arb /

PAXG

all PAXG markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$28
spread now−0.077%7d average−0.069%fees + slippage, in and out−$27spread needed0.275%
Long on DeribitShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit PAXG_USDC-PERPETUAL4,350.10get 0.0000% / 1h55m 41s$7.9M$832K50x
ShortBinance PAXGUSDT4,346.80.0100get 0.0050% / 4h3h 55m$79.4M$66.7M75x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$7.73
Funding while held
$3
Slippage, 4 orders
−$10.49
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Binance: 5 bp × 2 orders
−$10
Net
−$32.22
Spread needed to break even
0.275%
Slippage from Deribit: live order book, 5 min ago; Binance: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0100%
Per $10,000 a day
+$3.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 5 min ago1.90 bp10.7 bp −$1117.1 bp −$171doesn't fitdoesn't fit
Sell Binance live order book, 3 min ago0.01 bp5.0 bp −$55.3 bp −$539.3 bp −$927doesn't fit

PAXG price on every exchange

against the cheapest. Click to use as the short leg.
Injective4,338.4cheapestSunX4,340+0.036%ApeX Omni4,340.8+0.056%Phemex4,342+0.083%Hibachi4,343.2+0.110%Orderly4,344.7+0.145%Variational Omni4,345.2+0.157%Reya4,345.4+0.162%Lighter4,345.5+0.163%Hyperliquid4,346.3+0.182%Bitget4,346.4+0.184%dYdX4,346.5+0.186%Paradex4,346.7+0.191%Extended4,346.7+0.192%BingX4,346.8+0.193%
Binance4,346.8+0.193%
Pacifica4,346.8+0.195%Gate4,347.1+0.201%Aster4,347.5+0.209%Bybit4,347.6+0.211%MEXC4,347.6+0.211%Kraken Futures4,347.9+0.220%Coinbase International4,348.2+0.225%KuCoin4,348.6+0.235%Backpack4,348.8+0.241%
Deribit4,350.1+0.271%
HTX4,350.7+0.284%01 Exchange4,350.9+0.288%

PAXG on 28 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PAXG/USDC PERP−0.270%+0.0033%1h$1K$97K30xas long as short
SunX PAXG-USDT−0.234%0.0000%4h$2K$4.2M20xas long as short
ApeX Omni PAXGUSDT−0.214%+0.0100%1h$262K$790K50xas long as short
Phemex PAXGUSDT−0.187%+0.0100%4h$1.5M$36K50xas long as short
Hibachi PAXG/USDT-P−0.161%−0.0112%1h$41K$144K20xas long as short
Orderly PERP_PAXG_USDC_mythos−0.125%+0.0100%4h$557—10xas long as short
Variational Omni PAXG−0.113%+0.0100%4h$12.5M$85K—as long as short
Reya PAXGRUSDPERP−0.109%+0.0189%1h$21K—100xas long as short
Lighter PAXG−0.107%+0.0096%1h$1.4M$698K25xas long as short
Hyperliquid PAXG−0.089%+0.0100%1h$20.3M$1.7M10xas long as short
Show all 28 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget PAXGUSDT−0.087%+0.0100%4h$9.1M$12.2M50xas long as short
dYdX PAXG-USD−0.084%0.0000%1h$101K$19K5xas long as short
Paradex PAXG-USD-PERP−0.079%+0.0100%8h$86K$3.0M50xas long as short
Extended PAXG-USD−0.078%+0.0104%1h$377K$1.2M25xas long as short
BingX PAXG-USDT−0.077%+0.0100%4h—$6.8M—as long as short
Binance PAXGUSDTshort−0.077%+0.0100%4h$79.4M$66.7M75x
Pacifica PAXG−0.076%+0.0100%1h$1.0M$403K10xas long as short
Gate PAXG_USDT−0.070%0.0000%8h$15.8M$4.3M100xas long as short
Aster PAXGUSDT−0.062%+0.0100%4h$906K$71K50xas long as short
Bybit PAXGUSDT−0.060%+0.0100%4h$15.1M$3.4M75xas long as short
MEXC PAXG_USDT−0.059%+0.0100%4h$16.0M$1.3M100xas long as short
Kraken Futures PF_PAXGUSD−0.051%+0.0051%1h$1.3M$1.1M20xas long as short
Coinbase International PAXG-PERP-INTX−0.046%+0.0256%1h$973K$1.1M50xas long as short
KuCoin PAXGUSDTM−0.036%+0.0100%4h$26.7M$5.0M30xas long as short
Backpack PAXG_USDC_PERP−0.030%+0.0100%1h$1.1M$1.1M50xas long as short
Deribit PAXG_USDC-PERPETUALlong0.000%0.0000%1h$7.9M$832K50x
HTX PAXG-USDT+0.014%0.0000%4h$918K$618K75xas long as short
01 Exchange PAXGUSD+0.017%+0.0456%1h$15K$6K10xas long as short