ArbiLayer

PAXG arbitrage

live

Live PAX Gold price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.04%Variational → Gate · Perp–Perp
Best perp–perp spread+0.12%Variational → Gate
Markets tracked1511 venues · 10 perp · 5 spot · 0 DEX
Price range0.16%$4,143.22 – $4,149.75

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bitget logoBitgetspot$4,147.54Gate logoGate$4,149.60 +0.05%-0.15% +0.06%— +0.017%— LS Chart →
Bitget logoBitgetspot$4,147.54MEXC logoMEXC$4,149.37 +0.04%-0.16% +0.05%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$4,147.78Gate logoGate$4,149.60 +0.04%-0.16% +0.05%— +0.017%— LS Chart →
Binance logoBinancespot$4,148.00Gate logoGate$4,149.60 +0.04%-0.16% +0.04%— +0.017%— LS Chart →
KuCoin logoKuCoinspot$4,147.78MEXC logoMEXC$4,149.37 +0.04%-0.16% +0.04%— +0.030%— LS Chart →
Gate logoGatespot$4,148.19Gate logoGate$4,149.60 +0.03%-0.17% +0.04%— +0.017%— LS Chart →
Binance logoBinancespot$4,148.00MEXC logoMEXC$4,149.37 +0.03%-0.17% +0.04%— +0.030%— LS Chart →
OKX logoOKXspot$4,148.30Gate logoGate$4,149.60 +0.03%-0.17% +0.04%— +0.017%— LS Chart →
Gate logoGatespot$4,148.19MEXC logoMEXC$4,149.37 +0.03%-0.17% +0.03%— +0.030%— LS Chart →
OKX logoOKXspot$4,148.30MEXC logoMEXC$4,149.37 +0.03%-0.17% +0.03%— +0.030%— LS Chart →
Bitget logoBitgetspot$4,147.54KuCoin logoKuCoin$4,147.15 -0.01%-0.21% -0.00%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$4,147.78KuCoin logoKuCoin$4,147.15 -0.02%-0.22% -0.01%— +0.030%— LS Chart →
Bitget logoBitgetspot$4,147.54Aster logoAster$4,146.70 -0.02%-0.22% -0.02%— +0.030%— LS Chart →
Binance logoBinancespot$4,148.00KuCoin logoKuCoin$4,147.15 -0.02%-0.22% -0.02%— +0.030%— LS Chart →
Bitget logoBitgetspot$4,147.54HTX logoHTX$4,146.69 -0.02%-0.22% -0.02%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

PAXG price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bitget logoBitgetPerpetual · PAXGUSDTPerpetual $4,146.01$4,146.02$4,146.02-0.03% +0.025%$29.31M
KuCoin logoKuCoinPerpetual · PAXGUSDTMPerpetual $4,147.15$4,147.35$4,147.250.00% +0.030%$16.06M
Bybit logoBybitPerpetual · PAXGUSDTPerpetual $4,146.00$4,146.10$4,146.05-0.03% +0.030%$4.11M
KuCoin logoKuCoinSpot · PAXG-USDTSpot $4,147.77$4,147.78$4,147.78+0.01% —$2.85M
Hyperliquid logoHyperliquidPerpetual · PAXGPerpetual $4,145.89$4,146.36$4,146.13-0.03% +0.030%$2.82M
OKX logoOKXSpot · PAXG-USDTSpot $4,148.00$4,148.30$4,148.15+0.02% —$2.39M
MEXC logoMEXCPerpetual · PAXG_USDTPerpetual $4,149.37$4,150.00$4,149.68+0.06% +0.030%$1.65M
Gate logoGatePerpetual · PAXG_USDTPerpetual $4,149.60$4,149.90$4,149.75+0.06% +0.017%$1.16M
Bitget logoBitgetSpot · PAXGUSDTSpot $4,147.53$4,147.54$4,147.54+0.01% —$1.12M
Gate logoGateSpot · PAXG_USDTSpot $4,148.18$4,148.19$4,148.18+0.02% —$921.0K
HTX logoHTXPerpetual · PAXG-USDTPerpetual $4,146.69$4,146.70$4,146.70-0.01% 0.000%$812.5K
Variational logoVariationalPerpetual · PAXGPerpetual $4,141.95$4,144.49$4,143.22-0.10% +0.030%$28.7K
Binance logoBinancePerpetual · PAXGUSDTPerpetual $4,146.34$4,146.35$4,146.35-0.02% +0.030%—
Aster logoAsterPerpetual · PAXGUSDTPerpetual $4,146.70$4,146.77$4,146.74-0.01% +0.030%—
Binance logoBinanceSpot · PAXGUSDTSpot $4,147.99$4,148.00$4,148.00+0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

PAXG arbitrage explained

Right now PAX Gold (PAXG) trades on 11 venues we scan: 10 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $4,144.49 and the highest bid on Gate perp at $4,149.60.

The widest PAXG perpetual spread is between Variational and Gate: long PAXG on Variational at $4,144.49 and short on Gate at $4,149.60 for +0.12% gross, or -0.04% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.013% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best PAXG route is to buy spot on Bitget and short the perpetual on Gate: +0.05% gross, -0.15% net, with +0.017% a day of funding on the short leg.

Spot–spot PAXG arbitrage (buy on Bitget, withdraw, deposit and sell on Gate) shows +0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small PAXG gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: PAXG funding rates · PAXG spread charts · PAX Gold price · arbitrage scanner for all coins.

Is there a PAXG arbitrage opportunity right now?

The best PAXG route right now is to buy on Variational → sell on Gate (Perp–Perp): +0.12% gross and -0.04% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest PAXG?

Variational (perp) has the lowest PAXG ask at $4,144.49, and Gate (perp) the highest bid at $4,149.60. Prices update every 15 seconds on this page.

How many exchanges list PAXG?

ArbiLayer tracks 15 PAXG markets on 11 venues: 10 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage PAXG without transferring coins?

Use two perpetual contracts: go long PAXG on the cheaper exchange (Variational now) and short it on the more expensive one (Gate), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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