PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.054%

Price spread now: Coinbase International against Pacifica+0.226%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.282%+$28 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.226%, 7d avg +0.068%

Together, before fees+0.241%+ Points / potential airdropPacifica: Active · farm board+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.158% dearer against Pacifica than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PAXG	4,343.2	0.0100	pay 0.0013% / 1h	8m 58s	$1.0M	$339K	10x
Short	Coinbase International PAXG-PERP-INTX	4,353	0.0320	get 0.0040% / 1h	8m 58s	$972K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Pacifica. 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 PacificabpFee Coinbase InternationalbpOrdersPrice spread, now +0.226%Rate

Funding earned: $46.2
Price spread: +0.226% → +0.068%: $15.75
Slippage, 4 orders: −$5.7
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $38.25
Costs to cover: 0.237%
Break-even: 1.2 days

Slippage from Pacifica: live order book, 5 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 Pacifica live order book, 5 min ago	0.12 bp	4.9 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.22 bp	7.2 bp −$7	18.2 bp −$182	doesn't fit	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	−0.0064%	1h	4,340.8	−0.054%	$41K	$158K	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,341.3	−0.043%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,343.9	+0.017%	$15.6M	$3.5M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,338.6	−0.104%	$2K	$3.7M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,345.6	+0.056%	$7.9M	$868K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,348.8	+0.130%	$904K	$661K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.095%	$1K	$151K	30x	as long as short
GRVT PAXG_USDT_Perp	+0.0082%	4h	4,342.2	−0.022%	$1.5M	$1.9M	10x	as long as short
Lighter PAXG	+0.0096%	1h	4,341.2	−0.045%	$1.4M	$351K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,341.8	−0.032%	$80K	$3.7M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	4,342.9	−0.006%	$20.8M	$2.3M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,342	−0.026%	$906K	$30K	50x	as long as short
Pacifica PAXGlong	+0.0100%	1h	4,343.2	long leg	$1.0M	$339K	10x
Binance PAXGUSDT	+0.0100%	4h	4,342	−0.028%	$80.1M	$70.7M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,343.4	+0.004%	$14.9M	$3.8M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,343	−0.004%	$16.1M	$1.1M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,345	+0.041%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,343.2	0.000%	$9.6M	$14.9M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,343.2	0.000%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,342.9	−0.007%	$1.3M	$801K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,340.4	−0.064%	$12.4M	$99K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,342.5	−0.017%	$263K	$791K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,341.5	−0.039%	$557	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,343	−0.004%	$1.5M	$39K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,341	−0.051%	$382K	$1.4M	25x	as long as short
Kraken Futures PF_PAXGUSD	+0.0173%	1h	4,343.2	0.000%	$1.3M	$1.4M	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,342	−0.028%	$21K	—	100x	as long as short
Coinbase International PAXG-PERP-INTXshort	+0.0320%	1h	4,353	+0.226%	$972K	$1.1M	50x
01 Exchange PAXGUSD	+0.1000%	1h	4,352.4	+0.212%	$29K	$23K	10x	as long as short