Funding you earn now, next payment 05:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h +0.017%
Price spread now: Lighter against HTX−0.214%7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.214%, 7d avg −0.162%
=Together, before fees+0.068%+ Points / potential airdropLighter: Season 3 · farm board+$7 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 0.052% cheaper against HTX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.162%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, 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 | HTX PAXG-USDT | 4,342.2 | 0 | get 0.0000% / 4h | 3h 56m | $904K | $684K | 75x |
| Short | Lighter PAXG | 4,333 | −0.0160 | pay 0.0020% / 1h | 56m 14s | $1.4M | $362K | 25x |
HTX PAXG-USDT
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against HTX. 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
- −$33.6
- Price spread: −0.214% → −0.162%
- −$5.15
- Slippage, 4 orders
- −$21.06
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$71.81
- Costs to cover
- 0.331%
- Break-even
- never at this rate
Slippage from HTX: live order book, 62 min ago; Lighter: live order book, 5 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 HTX live order book, 62 min ago | 3.35 bp | 18.4 bp −$18 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 1.00 bp | 1.2 bp −$1 | 4.3 bp −$43 | 20.6 bp −$2,057 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PAXG_USDT_Perp | −0.0196% | 4h | 4,338.6 | −0.084% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXGshort | −0.0160% | 1h | 4,333 | −0.214% | $1.4M | $362K | 25x | |
| Hibachi PAXG/USDT-P | −0.0136% | 1h | 4,336.6 | −0.129% | $42K | $155K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.4 | −0.089% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.8 | −0.125% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,329.1 | −0.303% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,337.6 | −0.106% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDTlong | 0.0000% | 4h | 4,342.2 | long leg | $904K | $684K | 75x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.117% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0049% | 1h | 4,338.1 | −0.094% | $262K | $787K | 50x | as long as short |
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDTShow 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 | −0.166% | $1.3M | $1.4M | 20x | as long as short |
| Extended PAXG-USD | +0.0088% | 1h | 4,333 | −0.212% | $378K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0088% | 4h | 4,337.5 | −0.110% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0089% | 4h | 4,334.1 | −0.187% | $80.0M | $71.1M | 75x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,333.7 | −0.196% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | −0.176% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.9 | −0.169% | $20.7M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,334 | −0.191% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,335.8 | −0.148% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,335 | −0.167% | $14.9M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,337.2 | −0.115% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,335.2 | −0.162% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,334.8 | −0.172% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,335.5 | −0.155% | $1.3M | $800K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,339.2 | −0.070% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,332 | −0.236% | $1.5M | $40K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,334.3 | −0.182% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | −0.028% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1040% | 1h | 4,344.5 | +0.052% | $29K | $23K | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
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