Funding you earn now, next payment 12:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.022%
Price spread now: Phemex against Lighter−0.050%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$600.597% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.050%, 7d avg −0.037%
=Together, before fees+0.065%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,320.2 | 0.0064 | pay 0.0008% / 1h | 9m 27s | $1.4M | $565K | 25x |
| Short | Phemex PAXGUSDT | 4,318 | 0.0100 | get 0.0050% / 4h | 9m 27s | $1.5M | $82K | 50x |
Lighter PAXG
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $7.56
- Price spread: −0.050% → −0.037%
- −$1.32
- Slippage, 4 orders
- −$47.67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$53.43
- Costs to cover
- 0.597%
- Break-even
- 56.5 days
Slippage from Lighter: live order book, 5 min ago; Phemex: 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 | 1.44 bp | 2.0 bp −$2 | 4.1 bp −$41 | 22.6 bp −$2,260 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 5.79 bp | 29.8 bp −$30 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0112% | 1h | 4,322.3 | +0.050% | $43K | $187K | 20x | as long as short |
| dYdX PAXG-USD | −0.0001% | 1h | 4,321 | +0.019% | $116K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,323.4 | +0.075% | $15.6M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,317.9 | −0.053% | $1K | $2.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,324.2 | +0.094% | $7.9M | $148K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,325.1 | +0.114% | $910K | $839K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.628% | $1K | $151K | 30x | as long as short |
| Lighter PAXGlong | +0.0064% | 1h | 4,320.2 | long leg | $1.4M | $565K | 25x | |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,320.4 | +0.005% | $80K | $4.1M | 50x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0098% | 4h | 4,321.8 | +0.038% | $1.5M | $2.0M | 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
Paradex PAXG-USD-PERP
GRVT PAXG_USDT_PerpShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,321 | +0.019% | $21.3M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,321.6 | +0.034% | $903K | $68K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,322.2 | +0.047% | $1.0M | $330K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,321.3 | +0.026% | $80.5M | $79.9M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,321.2 | +0.025% | $14.8M | $4.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,327.1 | +0.161% | $16.6M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,323.7 | +0.082% | $28.8M | $6.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,321 | +0.019% | $9.3M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,322.1 | +0.046% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,321.6 | +0.034% | $1.2M | $846K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,320.4 | +0.005% | $12.2M | $278K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,320.5 | +0.008% | $261K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,320.4 | +0.006% | $554 | — | 10x | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,318 | −0.050% | $1.5M | $82K | 50x | |
| Extended PAXG-USD | +0.0104% | 1h | 4,319.8 | −0.009% | $374K | $2.1M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,320 | −0.003% | $20K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0263% | 1h | 4,321.1 | +0.022% | $1.2M | $2.1M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0280% | 1h | 4,321.6 | +0.033% | $936K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.2168% | 1h | 4,382.7 | +1.448% | $29K | $24K | 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
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD