Funding you earn now, next payment 05:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h −0.026%
Price spread now: SunX against Lighter−0.095%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$660.663% of the position
Funding, last 7 days−0.196%−$20 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.095%, 7d avg −0.092%
=Together, before fees−0.172%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.092%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.196%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,333.5 | −0.0160 | get 0.0020% / 1h | 29m 26s | $1.4M | $368K | 25x |
| Short | SunX PAXG-USDT | 4,329.4 | 0 | get 0.0000% / 4h | 3h 29m | $1K | $3.6M | 20x |
Lighter PAXG
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $33.6
- Price spread: −0.095% → −0.092%
- −$0.35
- Slippage, 4 orders
- −$58.29
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$33.04
- Costs to cover
- 0.663%
- Break-even
- 13.9 days
Slippage from Lighter: live order book, 7 min ago; SunX: live order book, 9 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, 7 min ago | 0.98 bp | 1.1 bp −$1 | 2.8 bp −$28 | 18.6 bp −$1,864 | doesn't fit |
| Sell SunX live order book, 9 min ago | 21.54 bp | 25.5 bp −$26 | 55.2 bp −$552 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,335.2 | +0.041% | $42K | $154K | 20x | as long as short |
| Lighter PAXGlong | −0.0160% | 1h | 4,333.5 | long leg | $1.4M | $368K | 25x | |
| GRVT PAXG_USDT_Perp | −0.0112% | 4h | 4,334.6 | +0.027% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0075% | 1h | 4,333.3 | −0.004% | $262K | $786K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | +0.030% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.7 | +0.074% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,329.4 | −0.095% | $1K | $3.6M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338.3 | +0.110% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.1 | +0.174% | $903K | $687K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.319% | $1K | $151K | 30x | as long as short |
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0040% | 1h | 4,333.6 | +0.003% | $379K | $1.5M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0040% | 4h | 4,337.5 | +0.093% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0042% | 4h | 4,334.9 | +0.033% | $79.9M | $70.7M | 75x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335.1 | +0.038% | $1.3M | $1.4M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,335 | +0.035% | $81K | $3.6M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.7 | +0.028% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.9 | +0.033% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,334.3 | +0.019% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.5 | +0.069% | $1.0M | $343K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,335.8 | +0.052% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,338 | +0.103% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,334.9 | +0.032% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,335.7 | +0.051% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,335.1 | +0.037% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,335 | +0.035% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,332 | −0.034% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,334.4 | +0.020% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,339.5 | +0.139% | $987K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0952% | 1h | 4,345.9 | +0.286% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD