Funding you earn now, next payment 05:00 UTC+0.0392%/8h= +42.9% APRnext payment +$0.49 per $10,000 · paid last 24h +0.060%
Price spread now: Coinbase International against Lighter+0.116%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 7 days+0.303%+$30 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.116%, 7d avg +0.103%
=Together, before fees+0.330%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.103%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,318.1 | −0.0144 | get 0.0018% / 1h | 14m 33s | $1.4M | $390K | 25x |
| Short | Coinbase International PAXG-PERP-INTX | 4,323.1 | 0.0248 | get 0.0031% / 1h | 14m 33s | $951K | $1.1M | 50x |
Lighter PAXG
Coinbase International PAXG-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $82.32
- Price spread: +0.116% → +0.103%
- $1.33
- Slippage, 4 orders
- −$10.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $63.57
- Costs to cover
- 0.201%
- Break-even
- 1.6 days
Slippage from Lighter: live order book, 2 min ago; Coinbase International: 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 | 2.11 bp | 2.2 bp −$2 | 3.8 bp −$38 | 19.1 bp −$1,912 | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 2.86 bp | 7.9 bp −$8 | 14.9 bp −$149 | 137.5 bp −$13.7K | 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 | −0.0152% | 1h | 4,324 | +0.137% | $42K | $167K | 20x | as long as short |
| Lighter PAXGlong | −0.0144% | 1h | 4,318.1 | long leg | $1.4M | $390K | 25x | |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,321.2 | +0.071% | $1.2M | $1.9M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0048% | 4h | 4,320.9 | +0.065% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0017% | 1h | 4,322.6 | +0.105% | $261K | $784K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,319.9 | +0.042% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,322.1 | +0.093% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,317.5 | −0.013% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,324.8 | +0.156% | $7.9M | $839K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,326.6 | +0.196% | $903K | $737K | 75x | as long as short |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0016% | 1h | 4,318 | −0.001% | $377K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0018% | 4h | 4,321.1 | +0.069% | $16.4M | $1.1M | 100x | as long as short |
| Binance PAXGUSDT | +0.0019% | 4h | 4,319.2 | +0.025% | $79.6M | $74.3M | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.676% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0046% | 4h | 4,322.1 | +0.093% | $902K | $27K | 50x | as long as short |
| Hyperliquid PAXG | +0.0090% | 1h | 4,319.9 | +0.042% | $20.7M | $2.4M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,319.8 | +0.039% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,321.2 | +0.072% | $554 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,321.7 | +0.084% | $1.0M | $348K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,320.1 | +0.047% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,322 | +0.091% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,319.5 | +0.032% | $9.3M | $16.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,321.7 | +0.083% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,320.7 | +0.060% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,322.5 | +0.103% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,321 | +0.067% | $1.5M | $45K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,319.4 | +0.030% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXshort | +0.0248% | 1h | 4,323.1 | +0.116% | $951K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.0832% | 1h | 4,330.2 | +0.280% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
01 Exchange PAXGUSD