PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h +0.083%

Price spread now: Coinbase International against Deribit−0.061%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.495%+$49 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.061%, 7d avg +0.035%

Together, before fees+0.616%+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.096% cheaper against Deribit than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.035%). If the spread goes back, that is −$10 on $10k: about 26 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PAXG_USDC-PERPETUAL	4,341.8	0	get 0.0000% / 1h	19m 41s	$7.9M	$843K	50x
Short	Coinbase International PAXG-PERP-INTX	4,339.1	0.0296	get 0.0037% / 1h	19m 41s	$956K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.061%Rate

Funding earned: $62.16
Price spread: −0.061% → +0.035%: −$9.55
Slippage, 4 orders: −$14.86
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $20.74
Costs to cover: 0.319%
Break-even: 4.7 days

Slippage from Deribit: live order book, 4 min ago; Coinbase International: live order book, 4 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 Deribit live order book, 4 min ago	2.88 bp	9.9 bp −$10	16.1 bp −$161	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	1.73 bp	6.7 bp −$7	13.7 bp −$137	146.9 bp −$14.7K	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	−0.0160%	1h	4,337.3	−0.102%	$42K	$154K	20x	as long as short
Lighter PAXG	−0.0144%	1h	4,336.4	−0.123%	$1.4M	$368K	25x	as long as short
GRVT PAXG_USDT_Perp	−0.0080%	4h	4,334.5	−0.166%	$1.5M	$1.9M	10x	as long as short
ApeX Omni PAXGUSDT	−0.0055%	1h	4,334.9	−0.158%	$262K	$787K	50x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,338.3	−0.079%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,340	−0.040%	$15.6M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,333.6	−0.187%	$2K	$3.5M	20x	as long as short
Deribit PAXG_USDC-PERPETUALlong	0.0000%	1h	4,341.8	long leg	$7.9M	$843K	50x
HTX PAXG-USDT	0.0000%	4h	4,341.3	−0.011%	$903K	$689K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.128%	$1K	$151K	30x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PAXG_USDT	+0.0038%	4h	4,339.8	−0.046%	$16.1M	$1.0M	100x	as long as short
Binance PAXGUSDT	+0.0039%	4h	4,337.6	−0.095%	$79.9M	$70.5M	75x	as long as short
Extended PAXG-USD	+0.0040%	1h	4,336.4	−0.122%	$379K	$1.5M	25x	as long as short
Kraken Futures PF_PAXGUSD	+0.0065%	1h	4,338.5	−0.075%	$1.3M	$1.4M	20x	as long as short
Aster PAXGUSDT	+0.0093%	4h	4,337.5	−0.099%	$905K	$27K	50x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,338.1	−0.083%	$81K	$3.5M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,336.6	−0.119%	$556	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,337.9	−0.089%	$20.8M	$2.3M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,339.6	−0.050%	$1.0M	$340K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,338.5	−0.075%	$14.9M	$3.8M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,340.6	−0.027%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,338	−0.087%	$9.7M	$15.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,338.3	−0.080%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,338.5	−0.075%	$1.3M	$799K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,337.1	−0.107%	$12.3M	$222K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,335	−0.155%	$1.5M	$38K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,337.5	−0.097%	$21K	—	100x	as long as short
Coinbase International PAXG-PERP-INTXshort	+0.0296%	1h	4,339.1	−0.061%	$956K	$1.1M	50x
01 Exchange PAXGUSD	+0.0912%	1h	4,348.7	+0.160%	$29K	$24K	10x	as long as short