PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.091%

Price spread now: Coinbase International against dYdX+0.005%146s7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.548% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.541%+$54 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.005%, 7d avg +0.087%

Together, before fees+0.664%+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.082% cheaper against dYdX than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.087%). If the spread goes back, that is −$8 on $10k: about 28 hours of funding at the current rate (+$7 a day). The two prices were read 146 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PAXG-USD	4,317.9	0	get 0.0000% / 1h	27m 51s	$101K	$12K	5x
Short	Coinbase International PAXG-PERP-INTX	4,318.1	0.0232	get 0.0029% / 1h	27m 51s	$972K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.005%Rate

Funding earned: $48.72
Price spread: +0.005% → +0.087%: −$8.22
Slippage, 4 orders: −$34.84
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$14.34
Costs to cover: 0.548%
Break-even: 9.1 days

Slippage from dYdX: live order book, 16 min ago; Coinbase International: 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 dYdX live order book, 16 min ago	15.06 bp	20.1 bp −$20	37.5 bp −$375	545.1 bp −$54.5K	1599.7 bp −$799.9K
Sell Coinbase International live order book, 1 min ago	2.36 bp	7.4 bp −$7	9.9 bp −$99	118.9 bp −$11.9K	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
Lighter PAXG	−0.0184%	1h	4,315.7	−0.051%	$1.4M	$466K	25x	as long as short
Hibachi PAXG/USDT-P	−0.0144%	1h	4,317.8	−0.001%	$44K	$166K	20x	as long as short
GRVT PAXG_USDT_Perp	−0.0112%	4h	4,318.1	+0.005%	$1.5M	$2.0M	10x	as long as short
Kraken Futures PF_PAXGUSD	−0.0044%	1h	4,318.2	+0.008%	$1.2M	$1.9M	20x	as long as short
Extended PAXG-USD	−0.0008%	1h	4,317.1	−0.019%	$378K	$625K	25x	as long as short
Binance PAXGUSDT	−0.0005%	4h	4,317.7	−0.003%	$79.6M	$75.0M	75x	as long as short
MEXC PAXG_USDT	−0.0004%	4h	4,322.6	+0.110%	$16.5M	$1.0M	100x	as long as short
dYdX PAXG-USDlong	0.0000%	1h	4,317.9	long leg	$101K	$12K	5x
Gate PAXG_USDT	0.0000%	8h	4,319.6	+0.040%	$15.6M	$3.8M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,313.8	−0.094%	$2K	$3.4M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,321.7	+0.088%	$7.9M	$850K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,321.2	+0.077%	$904K	$770K	75x	as long as short
ApeX Omni PAXGUSDT	+0.0004%	1h	4,318.6	+0.016%	$261K	$772K	50x	as long as short
Aster PAXGUSDT	+0.0013%	4h	4,319.8	+0.044%	$901K	$27K	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.681%	$1K	$151K	30x	as long as short
Paradex PAXG-USD-PERP	+0.0098%	8h	4,317.9	+0.001%	$85K	$3.3M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,317.5	−0.009%	$554	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,317.8	−0.002%	$20.7M	$2.4M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,320.2	+0.054%	$1.0M	$316K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,317.7	−0.004%	$14.9M	$4.0M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,320.4	+0.058%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,317.1	−0.018%	$9.4M	$16.5M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,318.9	+0.024%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,317.8	−0.002%	$1.3M	$814K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,316.4	−0.034%	$12.3M	$221K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,316	−0.044%	$1.5M	$52K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,317.2	−0.017%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTXshort	+0.0232%	1h	4,318.1	+0.005%	$972K	$1.1M	50x
01 Exchange PAXGUSD	+0.0792%	1h	4,329	+0.258%	$29K	$23K	10x	as long as short