Funding you earn now, next payment 04:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h 0.000%
Price spread now: MEXC against Lighter+0.055%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$130.126% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 7 days−0.121%−$12 · spread now +0.055%, 7d avg +0.078%
=Together, before fees−0.166%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.023% cheaper against Lighter than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.078%). If the spread goes back, that is −$2 on $10k: about 25 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,342.5 | 0.0024 | pay 0.0003% / 1h | 22m 49s | $1.4M | $357K | 25x |
| Short | MEXC PAXG_USDT | 4,344.9 | 0.0100 | get 0.0050% / 4h | 22m 49s | $16.1M | $1.1M | 100x |
Lighter PAXG
MEXC PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $15.96
- Price spread: +0.055% → +0.078%
- −$2.35
- Slippage, 4 orders
- −$8.55
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $1.06
- Costs to cover
- 0.126%
- Break-even
- 6.5 days
Slippage from Lighter: live order book, 3 min ago; MEXC: live order book, 1 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, 3 min ago | 1.14 bp | 1.1 bp −$1 | 3.0 bp −$30 | 16.3 bp −$1,631 | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.76 bp | 3.4 bp −$3 | 12.3 bp −$123 | 43.5 bp −$4,353 | 122.0 bp −$61.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0128% | 1h | 4,344.5 | +0.046% | $42K | $155K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,345.5 | +0.069% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,345.7 | +0.074% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,340.7 | −0.041% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,347.2 | +0.110% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,345.9 | +0.079% | $906K | $679K | 75x | as long as short |
| Lighter PAXGlong | +0.0024% | 1h | 4,342.5 | long leg | $1.4M | $357K | 25x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.111% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0096% | 4h | 4,344.6 | +0.048% | $1.5M | $1.9M | 10x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,343.3 | +0.019% | $557 | — | 10x | 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
Orderly PERP_PAXG_USDC_mythosShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,344 | +0.036% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,344.3 | +0.042% | $20.8M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,344.6 | +0.049% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,346 | +0.081% | $1.0M | $339K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,343 | +0.012% | $80.1M | $70.8M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,344.6 | +0.049% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDTshort | +0.0100% | 4h | 4,344.9 | +0.055% | $16.1M | $1.1M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,347 | +0.103% | $28.6M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,344 | +0.034% | $9.7M | $14.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,344.1 | +0.037% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,344.2 | +0.038% | $1.3M | $804K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,344.3 | +0.043% | $12.5M | $97K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,343.8 | +0.030% | $263K | $787K | 50x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,341 | −0.034% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,342 | −0.012% | $379K | $1.5M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,343.7 | +0.029% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0210% | 1h | 4,344.4 | +0.044% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,348.9 | +0.148% | $968K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0848% | 1h | 4,355.3 | +0.295% | $29K | $23K | 10x | as long as short |
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD