PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%

Price spread now: Pacifica against Lighter+0.111%57s7-day average +0.023% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.109%−$11 · spread now +0.111%, 7d avg +0.023%

Together, before fees−0.097%+ Points / potential airdropLighter: Season 3 · Pacifica: 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: Pacifica is 0.088% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PAXG	4,355.2	0.0096	pay 0.0012% / 1h	49m 44s	$1.4M	$277K	25x
Short	Pacifica PAXG	4,360	0.0100	get 0.0013% / 1h	49m 44s	$1.0M	$368K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.111%Rate

Funding earned: $0.84
Price spread: +0.111% → +0.023%: $8.78
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $1.62
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter: live order book, 12 min ago; Pacifica: live order book, 4 min ago. Net counts fees only.

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, 12 min ago	0.78 bp	1.3 bp −$1	3.1 bp −$31	20.6 bp −$2,064	doesn't fit
Sell Pacifica live order book, 4 min ago	0.12 bp	4.3 bp −$4	doesn't fit	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	4,358.1	+0.068%	$102K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,359.7	+0.104%	$15.7M	$3.5M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,354.5	−0.015%	$2K	$3.8M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,361.1	+0.136%	$7.9M	$873K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,360.7	+0.128%	$907K	$628K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	−0.181%	$1K	$151K	30x	as long as short
Hibachi PAXG/USDT-P	+0.0080%	1h	4,355.6	+0.010%	$42K	$160K	20x	as long as short
Lighter PAXGlong	+0.0096%	1h	4,355.2	long leg	$1.4M	$277K	25x
Paradex PAXG-USD-PERP	+0.0100%	8h	4,358.3	+0.072%	$81K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,356.5	+0.031%	$20.7M	$2.1M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PAXGUSDT	+0.0100%	4h	4,358.5	+0.076%	$909K	$29K	50x	as long as short
Pacifica PAXGshort	+0.0100%	1h	4,360	+0.111%	$1.0M	$368K	10x
Binance PAXGUSDT	+0.0100%	4h	4,357.1	+0.044%	$80.4M	$70.9M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,358.7	+0.081%	$15.2M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,357.7	+0.058%	$16.2M	$1.1M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,360.2	+0.116%	$28.5M	$5.5M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,357.5	+0.054%	$9.7M	$15.1M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,358.5	+0.077%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,358.6	+0.078%	$1.4M	$828K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,358.7	+0.080%	$12.5M	$104K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,357.5	+0.055%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,353.1	−0.049%	$263K	$785K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,357.6	+0.056%	$559	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,355	−0.004%	$1.5M	$39K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,356.2	+0.023%	$379K	$1.4M	25x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,358.2	+0.070%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0247%	1h	4,359	+0.089%	$1.3M	$1.4M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0312%	1h	4,360.5	+0.123%	$973K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1024%	1h	4,369.6	+0.331%	$29K	$23K	10x	as long as short