Funding you earn now, next payment 09:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.017%
Price spread now: Lighter against KuCoin−0.068%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 7 days+0.055%+$5 · spread now −0.068%, 7d avg −0.049%
=Together, before fees+0.027%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PAXGUSDTM | 4,305 | 0.0100 | pay 0.0050% / 4h | 3h 43m | $28.7M | $5.4M | 30x |
| Short | Lighter PAXG | 4,302.1 | −0.0200 | pay 0.0025% / 1h | 43m 47s | $1.4M | $609K | 25x |
KuCoin PAXGUSDTM
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- −$63
- Price spread: −0.068% → −0.049%
- −$1.83
- Slippage, 4 orders
- −$7.15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$83.98
- Costs to cover
- 0.191%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Lighter: live order book, 2 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 KuCoin live order book, 5 min ago | 0.01 bp | 8.8 bp −$9 | 22.6 bp −$226 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 0.73 bp | 0.8 bp −$1 | 3.7 bp −$37 | 21.8 bp −$2,176 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXGshort | −0.0200% | 1h | 4,302.1 | −0.068% | $1.4M | $609K | 25x | |
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,309.3 | +0.099% | $42K | $172K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,303.9 | −0.026% | $1.2M | $1.7M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0074% | 4h | 4,310.7 | +0.132% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,306.2 | +0.028% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,306.3 | +0.030% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,298.8 | −0.144% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,307.6 | +0.059% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,311.3 | +0.145% | $903K | $817K | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,301.4 | −0.084% | $377K | $1.6M | 25x | as long as short |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0018% | 4h | 4,312.2 | +0.165% | $16.6M | $1.2M | 100x | as long as short |
| Binance PAXGUSDT | +0.0020% | 4h | 4,302.6 | −0.056% | $80.0M | $79.8M | 75x | as long as short |
| Aster PAXGUSDT | +0.0028% | 4h | 4,303.1 | −0.046% | $899K | $33K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0030% | 4h | 4,302.6 | −0.058% | $9.4M | $16.0M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.982% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0096% | 8h | 4,303.5 | −0.037% | $91K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,303.2 | −0.043% | $21.0M | $2.5M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,306.2 | +0.027% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,303.8 | −0.029% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTMlong | +0.0100% | 4h | 4,305 | long leg | $28.7M | $5.4M | 30x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,306 | +0.023% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,303.6 | −0.034% | $1.2M | $856K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,310 | +0.116% | $12.2M | $230K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,309.8 | +0.111% | $261K | $770K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,304.4 | −0.015% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,305 | −0.001% | $1.5M | $66K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,303.3 | −0.039% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309 | +0.092% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,315.4 | +0.241% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD