PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h −0.021%

Price spread now: dYdX against Lighter+0.066%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1911.909% of the position

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.228%−$23 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.066%, 7d avg +0.019%

Together, before fees−0.289%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and dYdX is 0.047% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.228%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PAXG	4,307.5	−0.0208	get 0.0026% / 1h	47m 29s	$1.4M	$608K	25x
Short	dYdX PAXG-USD	4,310.3	0	get 0.0000% / 1h	47m 29s	$101K	$12K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee dYdXbpOrdersPrice spread, now +0.066%Rate

Funding earned: $43.68
Price spread: +0.066% → +0.019%: $4.67
Slippage, 4 orders: −$180.93
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$142.58
Costs to cover: 1.909%
Break-even: 29.8 days

Slippage from Lighter: live order book, 4 min ago; dYdX: live order book, 51 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, 4 min ago	0.67 bp	1.0 bp −$1	4.6 bp −$46	19.2 bp −$1,916	doesn't fit
Sell dYdX live order book, 51 min ago	89.55 bp	94.6 bp −$95	140.9 bp −$1,409	236.9 bp −$23.7K	698.1 bp −$349.0K

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 PAXGlong	−0.0208%	1h	4,307.5	long leg	$1.4M	$608K	25x
Hibachi PAXG/USDT-P	−0.0168%	1h	4,309.9	+0.057%	$42K	$172K	20x	as long as short
Kraken Futures PF_PAXGUSD	−0.0097%	1h	4,310.5	+0.070%	$1.2M	$1.7M	20x	as long as short
GRVT PAXG_USDT_Perp	−0.0074%	4h	4,310.7	+0.075%	$1.5M	$1.9M	10x	as long as short
dYdX PAXG-USDshort	0.0000%	1h	4,310.3	+0.066%	$101K	$12K	5x
Gate PAXG_USDT	0.0000%	8h	4,311.8	+0.101%	$15.6M	$3.8M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,305.5	−0.045%	$2K	$3.2M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,313.4	+0.138%	$7.9M	$599K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,313.5	+0.139%	$904K	$809K	75x	as long as short
MEXC PAXG_USDT	+0.0020%	4h	4,316.6	+0.212%	$16.6M	$1.2M	100x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PAXGUSDT	+0.0021%	4h	4,310.2	+0.064%	$80.2M	$79.7M	75x	as long as short
Extended PAXG-USD	+0.0024%	1h	4,308.2	+0.017%	$377K	$1.6M	25x	as long as short
Aster PAXGUSDT	+0.0030%	4h	4,310.2	+0.064%	$900K	$32K	50x	as long as short
Bitget PAXGUSDT	+0.0032%	4h	4,310.1	+0.061%	$9.4M	$16.0M	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.925%	$1K	$151K	30x	as long as short
Paradex PAXG-USD-PERP	+0.0096%	8h	4,309.3	+0.043%	$85K	$4.1M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,310.6	+0.072%	$21.0M	$2.5M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,310.7	+0.076%	$1.0M	$304K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,310.4	+0.068%	$14.8M	$4.3M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,311.5	+0.092%	$28.7M	$5.4M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,310.7	+0.075%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,309.3	+0.043%	$1.2M	$857K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,310.3	+0.067%	$12.2M	$230K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,309.5	+0.046%	$261K	$771K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,310	+0.059%	$553	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,306	−0.034%	$1.5M	$66K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,309.8	+0.053%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0232%	1h	4,309.1	+0.038%	$937K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.0816%	1h	4,320.1	+0.293%	$29K	$23K	10x	as long as short