Funding you earn now, next payment 23:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.004%
Price spread now: Extended against Lighter+0.009%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$80.079% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.009%, 7d avg −0.034%
=Together, before fees−0.097%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$10 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: Extended is 0.043% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,345.1 | 0.0096 | pay 0.0012% / 1h | 31m 21s | $1.4M | $273K | 25x |
| Short | Extended PAXG-USD | 4,345.5 | 0.0104 | get 0.0013% / 1h | 31m 21s | $378K | $1.2M | 25x |
Lighter PAXG
Extended PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $1.68
- Price spread: +0.009% → −0.034%
- $4.28
- Slippage, 4 orders
- −$2.89
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$1.93
- Costs to cover
- 0.079%
- Break-even
- 15.0 days
Slippage from Lighter: live order book, 5 min ago; Extended: 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 Lighter live order book, 5 min ago | 0.95 bp | 1.0 bp −$1 | 2.3 bp −$23 | 19.0 bp −$1,895 | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,347.3 | +0.050% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,348.5 | +0.078% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,339.7 | −0.124% | $2K | $4.0M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,351.1 | +0.139% | $7.9M | $865K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,348.7 | +0.083% | $909K | $653K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,337 | −0.186% | $1K | $121K | 30x | as long as short |
| Hibachi PAXG/USDT-P | +0.0064% | 1h | 4,347 | +0.044% | $47K | $141K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0080% | 1h | 4,348 | +0.066% | $1.3M | $1.4M | 20x | as long as short |
| Lighter PAXGlong | +0.0096% | 1h | 4,345.1 | long leg | $1.4M | $273K | 25x | |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,345.7 | +0.015% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
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 | 4,346.3 | +0.028% | $20.3M | $1.9M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,346.3 | +0.028% | $907K | $28K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,347.4 | +0.054% | $1.0M | $366K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,346.3 | +0.028% | $80.0M | $67.3M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,346.7 | +0.038% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,345 | −0.002% | $16.0M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,348.4 | +0.075% | $26.8M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,346.5 | +0.032% | $9.3M | $13.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,346.6 | +0.034% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,347.3 | +0.052% | $1.4M | $952K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,346.7 | +0.036% | $12.5M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,347.1 | +0.046% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,346.1 | +0.023% | $263K | $797K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,345.7 | +0.014% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,343 | −0.048% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USDshort | +0.0104% | 1h | 4,345.5 | +0.009% | $378K | $1.2M | 25x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,346 | +0.022% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,350.3 | +0.120% | $975K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1432% | 1h | 4,363.9 | +0.433% | $29K | $21K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD