Funding you earn now, next payment 12:00 UTC+0.0171%/8h= +18.8% APRpaid last 24h +0.022%
Price spread now: Paradex against Lighter+0.035%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$130.126% of the position
Funding, last 4 days (all we have)+0.022%+$2 on $10k
+Price spread, last 7 days−0.076%−$8 · spread now +0.035%, 7d avg −0.019%
=Together, before fees−0.054%+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Paradex is 0.054% 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%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,311.5 | −0.0072 | get 0.0009% / 1h | 47m 55s | $1.4M | $496K | 25x |
| Short | Paradex PAXG-USD-PERP | 4,313.1 | 0.0099 | get 0.0099% / 8h | 4h 47m | $80K | $4.1M | 50x |
Lighter PAXG
Paradex PAXG-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $36.01
- Price spread: +0.035% → −0.019%
- $5.42
- Slippage, 4 orders
- −$8.55
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $28.88
- Costs to cover
- 0.126%
- Break-even
- 1.4 days
Slippage from Lighter: live order book, 1 min ago; Paradex: 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, 1 min ago | 1.55 bp | 1.9 bp −$2 | 5.6 bp −$56 | 21.5 bp −$2,153 | doesn't fit |
| Sell Paradex live order book, 4 min ago | 2.27 bp | 4.3 bp −$4 | 96.1 bp −$961 | doesn't fit | doesn't fit |
PAXG on 29 exchanges
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 | −0.0072% | 1h | 4,311.5 | long leg | $1.4M | $496K | 25x | |
| dYdX PAXG-USD | −0.0002% | 1h | 4,312.9 | +0.032% | $116K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,315 | +0.080% | $15.6M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,309.5 | −0.048% | $2K | $2.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,317.4 | +0.136% | $7.9M | $204K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,316.1 | +0.105% | $909K | $831K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.829% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0098% | 1h | 4,318.7 | +0.167% | $261K | $797K | 50x | as long as short |
| Paradex PAXG-USD-PERPshort | +0.0099% | 8h | 4,313.1 | +0.035% | $80K | $4.1M | 50x | |
| Hyperliquid PAXG | +0.0100% | 1h | 4,313.6 | +0.048% | $21.3M | $2.5M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Hyperliquid PAXGShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,313.6 | +0.047% | $901K | $46K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,314.7 | +0.074% | $1.0M | $330K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,313.8 | +0.053% | $80.1M | $80.4M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,313.4 | +0.043% | $14.8M | $4.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,318.6 | +0.165% | $16.4M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,315.1 | +0.082% | $28.8M | $6.0M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,313.9 | +0.054% | $9.2M | $16.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,314.1 | +0.058% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,313.9 | +0.054% | $1.2M | $862K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,315.9 | +0.101% | $12.2M | $278K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,317.8 | +0.146% | $1.5M | $2.0M | 10x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,312.1 | +0.013% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,313 | +0.034% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,312.4 | +0.020% | $375K | $2.1M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0168% | 1h | 4,317.8 | +0.144% | $45K | $178K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,311.2 | −0.007% | $20K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0264% | 1h | 4,313.7 | +0.051% | $1.2M | $2.1M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0280% | 1h | 4,331.7 | +0.467% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0984% | 1h | 4,323.6 | +0.280% | $29K | $24K | 10x | as long as short |
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
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD