PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0277%/8h= +30.4% APRnext payment +$0.35 per $10,000 · paid last 24h +0.044%

Price spread now: Reya against Lighter+0.088%75s7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Reya is 0.088% dearer against Lighter than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 75 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	4,324.1	−0.0088	get 0.0011% / 1h	58m 10s	$1.4M	$500K	25x
Short	Reya PAXGRUSDPERP	4,327.9	0.0189	get 0.0024% / 1h	58m 10s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.088%Rate

Funding earned: $58.27
Price spread: +0.088% → 0.000%: $8.84
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $61.11
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Lighter: live order book, 3 min ago; Reya: no order-book sample. 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, 3 min ago	1.92 bp	2.2 bp −$2	4.7 bp −$47	23.0 bp −$2,295	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Lighter PAXGlong	−0.0088%	1h	4,324.1	long leg	$1.4M	$500K	25x
GRVT PAXG_USDT_Perp	−0.0056%	4h	4,328.1	+0.094%	$1.5M	$2.0M	10x	as long as short
Hibachi PAXG/USDT-P	−0.0016%	1h	4,329.9	+0.134%	$43K	$189K	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,328.5	+0.102%	$115K	$15K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,327.9	+0.089%	$15.7M	$3.9M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,322	−0.048%	$2K	$3.1M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,330	+0.138%	$7.9M	$428K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,333.2	+0.211%	$910K	$822K	75x	as long as short
MEXC PAXG_USDT	+0.0022%	4h	4,334	+0.230%	$16.6M	$1.2M	100x	as long as short
Extended PAXG-USD	+0.0024%	1h	4,324.6	+0.012%	$375K	$1.5M	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PAXGUSDT	+0.0024%	4h	4,325.5	+0.032%	$9.2M	$16.3M	50x	as long as short
Binance PAXGUSDT	+0.0025%	4h	4,325.7	+0.037%	$80.2M	$82.1M	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.537%	$1K	$151K	30x	as long as short
ApeX Omni PAXGUSDT	+0.0040%	1h	4,328.1	+0.094%	$262K	$805K	50x	as long as short
Aster PAXGUSDT	+0.0043%	4h	4,327.3	+0.076%	$906K	$38K	50x	as long as short
Kraken Futures PF_PAXGUSD	+0.0085%	1h	4,326.7	+0.060%	$1.2M	$2.1M	20x	as long as short
Paradex PAXG-USD-PERP	+0.0087%	8h	4,325.9	+0.043%	$80K	$4.4M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,326.6	+0.059%	$21.3M	$2.6M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,328.8	+0.109%	$1.0M	$309K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,325.4	+0.031%	$15.0M	$4.6M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,329.6	+0.128%	$28.8M	$5.5M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,327.1	+0.070%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,327.3	+0.076%	$1.2M	$860K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,326.8	+0.064%	$12.2M	$291K	—	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,327.6	+0.082%	$555	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,321	−0.071%	$1.5M	$80K	50x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,327.9	+0.088%	$20K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0232%	1h	4,330.6	+0.151%	$933K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.4368%	1h	4,338.8	+0.341%	$29K	$24K	10x	as long as short