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-0.02%Variational → MEXC · Perp–Perp
Best perp–perp spread+0.14%Variational → MEXC
Markets tracked1511 venues · 10 perp · 5 spot · 0 DEX
Price range0.19%$4,113.32 – $4,121.13

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
KuCoin logoKuCoinspot$4,116.47OKX logoOKXspot$4,117.30 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
Gate logoGatespot$4,116.50OKX logoOKXspot$4,117.30 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
Bitget logoBitgetspot$4,116.50OKX logoOKXspot$4,117.30 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$4,116.47Binance logoBinancespot$4,117.18 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
Gate logoGatespot$4,116.50Binance logoBinancespot$4,117.18 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
Bitget logoBitgetspot$4,116.50Binance logoBinancespot$4,117.18 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
Binance logoBinancespot$4,117.19OKX logoOKXspot$4,117.30 +0.00%-0.20% +0.00%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$4,116.47Bitget logoBitgetspot$4,116.49 +0.00%-0.20% +0.00%— 0.000%— LS Chart →
Gate logoGatespot$4,116.50Bitget logoBitgetspot$4,116.49 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
Gate logoGatespot$4,116.50KuCoin logoKuCoinspot$4,116.46 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
Bitget logoBitgetspot$4,116.50KuCoin logoKuCoinspot$4,116.46 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$4,116.47Gate logoGatespot$4,116.43 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
Bitget logoBitgetspot$4,116.50Gate logoGatespot$4,116.43 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
OKX logoOKXspot$4,117.50Binance logoBinancespot$4,117.18 -0.01%-0.21% -0.01%— 0.000%— LS Chart →
Binance logoBinancespot$4,117.19Bitget logoBitgetspot$4,116.49 -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 $4,114.96$4,114.97$4,114.97-0.04% +0.001%$25.60M
KuCoin logoKuCoinPerpetual · PAXGUSDTMPerpetual $4,116.86$4,116.99$4,116.92+0.01% +0.030%$16.22M
Bybit logoBybitPerpetual · PAXGUSDTPerpetual $4,115.10$4,115.20$4,115.15-0.03% +0.030%$3.65M
Hyperliquid logoHyperliquidPerpetual · PAXGPerpetual $4,115.24$4,115.79$4,115.52-0.02% +0.030%$3.17M
KuCoin logoKuCoinSpot · PAXG-USDTSpot $4,116.46$4,116.47$4,116.470.00% —$2.98M
OKX logoOKXSpot · PAXG-USDTSpot $4,117.30$4,117.50$4,117.40+0.02% —$1.96M
MEXC logoMEXCPerpetual · PAXG_USDTPerpetual $4,120.35$4,121.90$4,121.13+0.11% +0.030%$1.59M
Bitget logoBitgetSpot · PAXGUSDTSpot $4,116.49$4,116.50$4,116.50+0.00% —$1.25M
Gate logoGatePerpetual · PAXG_USDTPerpetual $4,119.20$4,119.40$4,119.30+0.07% 0.000%$950.6K
Gate logoGateSpot · PAXG_USDTSpot $4,116.43$4,116.50$4,116.470.00% —$874.4K
HTX logoHTXPerpetual · PAXG-USDTPerpetual $4,115.22$4,115.23$4,115.23-0.03% 0.000%$656.7K
Variational logoVariationalPerpetual · PAXGPerpetual $4,112.15$4,114.48$4,113.32-0.08% +0.030%$972
Binance logoBinancePerpetual · PAXGUSDTPerpetual $4,115.64$4,115.65$4,115.65-0.02% +0.030%—
Aster logoAsterPerpetual · PAXGUSDTPerpetual $4,116.49$4,116.50$4,116.50+0.00% +0.030%—
Binance logoBinanceSpot · PAXGUSDTSpot $4,117.18$4,117.19$4,117.18+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 $4,114.48 and the highest bid on MEXC perp at $4,120.35.

The widest PAXG perpetual spread is between Variational and MEXC: long PAXG on Variational at $4,114.48 and short on MEXC at $4,120.35 for +0.14% gross, or -0.02% 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 +0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best PAXG route is to buy spot on KuCoin and short the perpetual on MEXC: +0.09% gross, -0.11% net, with +0.030% a day of funding on the short leg.

Spot–spot PAXG arbitrage (buy on KuCoin, withdraw, deposit and sell on OKX) 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 MEXC (Perp–Perp): +0.14% gross and -0.02% 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 $4,114.48, and MEXC (perp) the highest bid at $4,120.35. 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 (MEXC), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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