Funding you earn now, next payment 01:00 UTC+0.0312%/8h= +34.2% APRpaid last 24h +0.083%
Price spread now: Coinbase International against Gate+0.146%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days+0.447%+$45 on $10k
+Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.146%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.119% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PAXG_USDT | 4,352.8 | 0 | get 0.0000% / 8h | 6h 44m | $15.7M | $3.5M | 100x |
| Short | Coinbase International PAXG-PERP-INTX | 4,359.1 | 0.0312 | get 0.0039% / 1h | 44m 40s | $973K | $1.1M | 50x |
Gate PAXG_USDT
Coinbase International PAXG-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $65.52
- Price spread: +0.146% → +0.027%
- $11.85
- Slippage, 4 orders
- −$12.68
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $39.7
- Costs to cover
- 0.377%
- Break-even
- 2.8 days
Slippage from Gate: 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 Gate live order book, 4 min ago | 0.34 bp | 10.8 bp −$11 | 14.1 bp −$141 | 25.2 bp −$2,517 | 58.8 bp −$29.4K |
| Sell Coinbase International live order book, 4 min ago | 3.38 bp | 8.4 bp −$8 | 14.0 bp −$140 | 164.9 bp −$16.5K | 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 | 4,350.4 | −0.055% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDTlong | 0.0000% | 8h | 4,352.8 | long leg | $15.7M | $3.5M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,346.1 | −0.153% | $2K | $3.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,354.5 | +0.038% | $7.9M | $873K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,358.1 | +0.122% | $905K | $632K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.126% | $1K | $151K | 30x | as long as short |
| Hibachi PAXG/USDT-P | +0.0064% | 1h | 4,351.9 | −0.020% | $42K | $160K | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,348.9 | −0.089% | $1.4M | $299K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,348.6 | −0.096% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,350.1 | −0.062% | $20.7M | $2.1M | 10x | as long as short |
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Hibachi PAXG/USDT-P
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,349.8 | −0.069% | $907K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,350.9 | −0.045% | $1.0M | $367K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,349.3 | −0.081% | $80.2M | $71.0M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,350.9 | −0.043% | $15.1M | $3.5M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,350.1 | −0.063% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,352.1 | −0.016% | $28.4M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,349.8 | −0.068% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,350.9 | −0.043% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,351.7 | −0.026% | $1.4M | $807K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,353.3 | +0.011% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,355.3 | +0.059% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,352.7 | −0.002% | $263K | $787K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,349.3 | −0.080% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,351 | −0.041% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,349.3 | −0.081% | $379K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,349.9 | −0.067% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0247% | 1h | 4,351.4 | −0.033% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTXshort | +0.0312% | 1h | 4,359.1 | +0.146% | $973K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,360.5 | +0.177% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
01 Exchange PAXGUSD