Funding you earn now, next payment 05:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h +0.034%
Price spread now: Lighter against dYdX−0.045%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$330.330% of the position
Funding, last 7 days+0.241%+$24 on $10k
+Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.045%, 7d avg −0.018%
=Together, before fees+0.256%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.027% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.241%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PAXG-USD | 4,334.8 | 0 | get 0.0000% / 1h | 50m 00s | $101K | $12K | 5x |
| Short | Lighter PAXG | 4,332.8 | −0.0176 | pay 0.0022% / 1h | 50m 00s | $1.4M | $362K | 25x |
dYdX PAXG-USD
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against dYdX. 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
- −$36.96
- Price spread: −0.045% → −0.018%
- −$2.71
- Slippage, 4 orders
- −$23.04
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$72.71
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 4 min ago; Lighter: live order book, 6 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 dYdX live order book, 4 min ago | 10.39 bp | 15.4 bp −$15 | 30.2 bp −$302 | 165.0 bp −$16.5K | 477.2 bp −$238.6K |
| Sell Lighter live order book, 6 min ago | 0.92 bp | 0.9 bp −$1 | 4.5 bp −$45 | 18.8 bp −$1,878 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PAXGUSDT | −0.0232% | 1h | 4,332.1 | −0.062% | $262K | $788K | 50x | as long as short |
| Lighter PAXGshort | −0.0176% | 1h | 4,332.8 | −0.045% | $1.4M | $362K | 25x | |
| GRVT PAXG_USDT_Perp | −0.0172% | 4h | 4,334.2 | −0.012% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0144% | 1h | 4,334.6 | −0.004% | $42K | $154K | 20x | as long as short |
| dYdX PAXG-USDlong | 0.0000% | 1h | 4,334.8 | long leg | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.6 | +0.042% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,330.3 | −0.104% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338.3 | +0.082% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.8 | +0.162% | $904K | $683K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.289% | $1K | $151K | 30x | as long as short |
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335 | +0.005% | $1.3M | $1.4M | 20x | as long as short |
| Extended PAXG-USD | +0.0072% | 1h | 4,332.3 | −0.058% | $378K | $1.4M | 25x | as long as short |
| Binance PAXGUSDT | +0.0073% | 4h | 4,333.5 | −0.029% | $79.9M | $71.1M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0074% | 4h | 4,337 | +0.051% | $16.1M | $1.0M | 100x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,334.9 | +0.003% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,335.6 | +0.019% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.1 | −0.016% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,334.5 | −0.007% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.5 | +0.040% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,334.7 | −0.002% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,337.2 | +0.056% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,334.1 | −0.015% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,335.1 | +0.008% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,334.7 | −0.002% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,334.4 | −0.009% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,334 | −0.018% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,335.3 | +0.011% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | +0.144% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0984% | 1h | 4,345.6 | +0.250% | $29K | $23K | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD