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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.018%
7d average−0.006%if it closes, per $10,000$2funding while held, a day+$3.50
Long on Kraken FuturesShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PAXGUSD4,341.8−0.0017get 0.0002% / 1h54m 41s$1.3M$1.0M20x
ShortPacifica PAXG4,342.60.0100get 0.0013% / 1h54m 41s$1.0M$406K10x

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
$1.85
Funding while held
$3.5
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$12.66
Spread needed to break even
0.180%
Slippage unknown: Kraken Futures: live order book, just now; Pacifica: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0117%
Per $10,000 a day
+$3.50
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 Kraken Futures live order book, just now0.92 bp10.0 bp −$1015.2 bp −$15239.9 bp −$3,995doesn't fit
Sell Pacifica live order book, 1 min ago0.12 bp4.2 bp −$4doesn't fitdoesn't fitdoesn't fit

PAXG price on every exchange

against the cheapest. Click to use as the short leg.
SunX4,336.8cheapestPhemex4,337+0.006%ApeX Omni4,338.3+0.036%Injective4,338.4+0.038%dYdX4,338.6+0.042%Orderly4,340+0.075%Reya4,340.4+0.084%Lighter4,340.6+0.090%Extended4,341.1+0.101%Hyperliquid4,341.3+0.105%Variational Omni4,341.4+0.107%Hibachi4,341.5+0.109%Paradex4,341.7+0.115%
Kraken Futures4,341.8+0.116%
Bitget4,342.1+0.123%Backpack4,342.1+0.124%Binance4,342.4+0.130%Aster4,342.5+0.132%
Pacifica4,342.6+0.135%
BingX4,342.7+0.137%Bybit4,342.9+0.141%KuCoin4,343.1+0.146%MEXC4,343.7+0.160%Deribit4,344+0.167%HTX4,344+0.167%Gate4,344.6+0.181%Coinbase International4,345.1+0.191%01 Exchange4,352.3+0.359%

PAXG on 28 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX PAXG-USDT−0.116%0.0000%4h$2K$4.0M20xas long as short
Phemex PAXGUSDT−0.110%+0.0100%4h$1.5M$35K50xas long as short
ApeX Omni PAXGUSDT−0.080%+0.0100%1h$262K$790K50xas long as short
Injective PAXG/USDC PERP−0.078%−0.0038%1h$1K$116K30xas long as short
dYdX PAXG-USD−0.074%0.0000%1h$101K$19K5xas long as short
Orderly PERP_PAXG_USDC_mythos−0.041%+0.0100%4h$557—10xas long as short
Reya PAXGRUSDPERP−0.032%+0.0189%1h$21K—100xas long as short
Lighter PAXG−0.026%+0.0088%1h$1.4M$694K25xas long as short
Extended PAXG-USD−0.015%+0.0104%1h$375K$1.2M25xas long as short
Hyperliquid PAXG−0.011%+0.0100%1h$20.3M$1.7M10xas long as short
Show all 28 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni PAXG−0.009%+0.0100%4h$12.5M$70K—as long as short
Hibachi PAXG/USDT-P−0.007%−0.0152%1h$41K$143K20xas long as short
Paradex PAXG-USD-PERP−0.001%+0.0099%8h$81K$2.7M50xas long as short
Kraken Futures PF_PAXGUSDlong0.000%−0.0017%1h$1.3M$1.0M20x
Bitget PAXGUSDT+0.007%+0.0100%4h$9.1M$12.0M50xas long as short
Backpack PAXG_USDC_PERP+0.008%+0.0100%1h$1.1M$833K50xas long as short
Binance PAXGUSDT+0.014%+0.0100%4h$79.1M$64.3M75xas long as short
Aster PAXGUSDT+0.016%+0.0100%4h$905K$71K50xas long as short
Pacifica PAXGshort+0.018%+0.0100%1h$1.0M$406K10x
BingX PAXG-USDT+0.021%+0.0100%4h—$6.8M—as long as short
Bybit PAXGUSDT+0.025%+0.0100%4h$15.1M$3.2M75xas long as short
KuCoin PAXGUSDTM+0.029%+0.0100%4h$26.8M$4.9M30xas long as short
MEXC PAXG_USDT+0.044%+0.0100%4h$16.1M$1.3M100xas long as short
Deribit PAXG_USDC-PERPETUAL+0.051%0.0000%1h$7.9M$831K50xas long as short
HTX PAXG-USDT+0.051%0.0000%4h$915K$600K75xas long as short
Gate PAXG_USDT+0.065%0.0000%8h$15.8M$4.3M100xas long as short
Coinbase International PAXG-PERP-INTX+0.075%+0.0248%1h$982K$1.1M50xas long as short
01 Exchange PAXGUSD+0.242%+0.0776%1h$15K$7K10xas long as short