Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%
Price spread now: Lighter against Bitget−0.048%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 7 days+0.086%+$9 · spread now −0.048%, 7d avg 0.000%
=Together, before fees+0.111%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.047% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PAXGUSDT | 4,357.7 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $9.7M | $15.6M | 50x |
| Short | Lighter PAXG | 4,355.7 | 0.0096 | get 0.0012% / 1h | 40m 13s | $1.4M | $270K | 25x |
Bitget PAXGUSDT
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- −$0.84
- Price spread: −0.048% → 0.000%
- −$4.7
- Slippage, 4 orders
- −$6.58
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$24.12
- Costs to cover
- 0.186%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 1 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 Bitget live order book, 3 min ago | 0.01 bp | 8.5 bp −$8 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 1.15 bp | 1.2 bp −$1 | 4.3 bp −$43 | 16.3 bp −$1,633 | 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 | 4,359.2 | +0.034% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,358.6 | +0.020% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,352.6 | −0.118% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,360.7 | +0.069% | $7.9M | $871K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,363.1 | +0.124% | $908K | $662K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.239% | $1K | $151K | 30x | as long as short |
| Lighter PAXGshort | +0.0096% | 1h | 4,355.7 | −0.048% | $1.4M | $270K | 25x | |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,355.4 | −0.053% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,356.7 | −0.024% | $20.8M | $2.1M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,358.7 | +0.023% | $909K | $30K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,357.6 | −0.002% | $1.0M | $365K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,356.7 | −0.024% | $80.2M | $71.2M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,358 | +0.006% | $15.1M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,357.6 | −0.003% | $16.2M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,359 | +0.029% | $28.4M | $5.6M | 30x | as long as short |
| Bitget PAXGUSDTlong | +0.0100% | 4h | 4,357.7 | long leg | $9.7M | $15.6M | 50x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,357.1 | −0.016% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,357.6 | −0.004% | $1.4M | $856K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,359.4 | +0.038% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,361 | +0.075% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,365.5 | +0.177% | $264K | $784K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,357.1 | −0.014% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,357 | −0.017% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,355.3 | −0.055% | $379K | $1.6M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0128% | 1h | 4,361.1 | +0.077% | $42K | $155K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,356.7 | −0.025% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0208% | 1h | 4,357.3 | −0.011% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,366.2 | +0.194% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1032% | 1h | 4,367.6 | +0.226% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
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
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD