Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%
Price spread now: Bybit against Lighter+0.033%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$170.173% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 7 days−0.082%−$8 · spread now +0.033%, 7d avg +0.012%
=Together, before fees−0.070%+ Points / potential airdropLighter: Season 3 · farm board−$7 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: Bybit is 0.021% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,342.5 | 0.0096 | pay 0.0012% / 1h | 14m 30s | $1.4M | $351K | 25x |
| Short | Bybit PAXGUSDT | 4,343.9 | 0.0100 | get 0.0050% / 4h | 1h 14m | $14.9M | $3.8M | 75x |
Lighter PAXG
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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: +0.033% → +0.012%
- $2.14
- Slippage, 4 orders
- −$6.29
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$14.31
- Costs to cover
- 0.173%
- Break-even
- 126.2 days
Slippage from Lighter: live order book, 2 min ago; Bybit: live order book, 4 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 Lighter live order book, 2 min ago | 0.77 bp | 1.0 bp −$1 | 2.8 bp −$28 | 19.6 bp −$1,960 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.12 bp | 7.8 bp −$8 | 11.3 bp −$113 | 26.4 bp −$2,642 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0032% | 1h | 4,344 | +0.035% | $41K | $154K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,344.9 | +0.055% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,344.7 | +0.051% | $15.6M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,341.1 | −0.033% | $2K | $3.7M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,347.7 | +0.121% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,351.6 | +0.211% | $905K | $658K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.111% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0084% | 4h | 4,345.6 | +0.073% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXGlong | +0.0096% | 1h | 4,342.5 | long leg | $1.4M | $351K | 25x | |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,342.7 | +0.006% | $80K | $3.7M | 50x | as long as short |
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,342.5 | +0.001% | $20.8M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,342.4 | −0.002% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,344.8 | +0.053% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,343.3 | +0.018% | $80.1M | $70.6M | 75x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,343.9 | +0.033% | $14.9M | $3.8M | 75x | |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,345.3 | +0.066% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,344.8 | +0.054% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,342.9 | +0.009% | $9.6M | $14.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,342.7 | +0.004% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,344.5 | +0.047% | $1.3M | $800K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,344.8 | +0.054% | $12.5M | $99K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,342.9 | +0.011% | $263K | $790K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,345.1 | +0.061% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,342 | −0.011% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,342.1 | −0.009% | $382K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0173% | 1h | 4,345 | +0.059% | $1.3M | $1.4M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,341.9 | −0.012% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,353 | +0.242% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,354 | +0.266% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD