PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.056%

Price spread now: Coinbase International against Extended+0.180%7-day average +0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as in the Funding arb table

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

costs, in and out, $10k−$220.220% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.327%+$33 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.180%, 7d avg +0.133%

Together, before fees+0.306%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.047% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.133%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PAXG-USD	4,352	0.0104	pay 0.0013% / 1h	25m 36s	$382K	$1.6M	25x
Short	Coinbase International PAXG-PERP-INTX	4,359.9	0.0304	get 0.0038% / 1h	25m 36s	$974K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.180%Rate

Funding earned: $42
Price spread: +0.180% → +0.133%: $4.72
Slippage, 4 orders: −$6.97
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $24.75
Costs to cover: 0.220%
Break-even: 2.9 days

Slippage from Extended: live order book, 3 min ago; Coinbase International: live order book, 3 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 Extended live order book, 3 min ago	0.12 bp	2.7 bp −$3	4.1 bp −$41	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.89 bp	7.9 bp −$8	13.5 bp −$135	163.8 bp −$16.4K	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
dYdX PAXG-USD	0.0000%	1h	4,355.2	+0.073%	$102K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,355.4	+0.077%	$15.7M	$3.5M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,348.8	−0.074%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,357.2	+0.119%	$7.9M	$871K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,362.1	+0.232%	$907K	$652K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	−0.109%	$1K	$151K	30x	as long as short
GRVT PAXG_USDT_Perp	+0.0084%	4h	4,355.4	+0.077%	$1.5M	$2.1M	10x	as long as short
Lighter PAXG	+0.0096%	1h	4,352.4	+0.007%	$1.4M	$270K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,353	+0.022%	$80K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,354.2	+0.050%	$20.8M	$2.1M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PAXGUSDT	+0.0100%	4h	4,355.5	+0.079%	$909K	$29K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,355	+0.068%	$1.0M	$366K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,353.4	+0.031%	$80.3M	$71.0M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,354.6	+0.060%	$15.1M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,355	+0.068%	$16.2M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,355.9	+0.088%	$28.4M	$5.6M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,353.6	+0.035%	$9.7M	$15.0M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,354.1	+0.047%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,354.7	+0.061%	$1.4M	$843K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,353.8	+0.041%	$12.5M	$104K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,354.6	+0.058%	$263K	$786K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,354	+0.045%	$559	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,351	−0.024%	$1.5M	$39K	50x	as long as short
Extended PAXG-USDlong	+0.0104%	1h	4,352	long leg	$382K	$1.6M	25x
Hibachi PAXG/USDT-P	+0.0136%	1h	4,354.8	+0.064%	$42K	$150K	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,353.1	+0.025%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0208%	1h	4,354.3	+0.053%	$1.3M	$1.4M	20x	as long as short
Coinbase International PAXG-PERP-INTXshort	+0.0304%	1h	4,359.9	+0.180%	$974K	$1.1M	50x
01 Exchange PAXGUSD	+0.1016%	1h	4,364.4	+0.284%	$29K	$23K	10x	as long as short