Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%
Price spread now: Lighter against MEXC+0.038%7-day average −0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$140.143% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now +0.038%, 7d avg −0.074%
=Together, before fees+0.130%+ Points / potential airdropLighter: Season 3 · farm board+$13 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: Lighter is 0.112% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,345 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $16.0M | $1.2M | 100x |
| Short | Lighter PAXG | 4,346.6 | 0.0096 | get 0.0012% / 1h | 19m 24s | $1.4M | $273K | 25x |
MEXC PAXG_USDT
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against MEXC. 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
- −$0.84
- Price spread: +0.038% → −0.074%
- $11.22
- Slippage, 4 orders
- −$10.28
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.9
- Costs to cover
- 0.143%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Lighter: 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 MEXC live order book, 4 min ago | 0.01 bp | 9.4 bp −$9 | 30.7 bp −$307 | 74.2 bp −$7,421 | 139.3 bp −$69.6K |
| Sell Lighter live order book, 2 min ago | 1.08 bp | 1.2 bp −$1 | 5.1 bp −$51 | 22.6 bp −$2,256 | 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 | 4,347.3 | +0.052% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,349.7 | +0.108% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,341.7 | −0.076% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,351.6 | +0.152% | $7.9M | $865K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,350.5 | +0.127% | $909K | $650K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.053% | $1K | $151K | 30x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0080% | 1h | 4,348.9 | +0.091% | $1.3M | $1.4M | 20x | as long as short |
| Hibachi PAXG/USDT-P | +0.0088% | 1h | 4,348.4 | +0.077% | $47K | $139K | 20x | as long as short |
| Lighter PAXGshort | +0.0096% | 1h | 4,346.6 | +0.038% | $1.4M | $273K | 25x | |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,347.1 | +0.048% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Kraken Futures PF_PAXGUSD
Hibachi PAXG/USDT-P
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,347.8 | +0.064% | $20.3M | $1.8M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,347.5 | +0.057% | $907K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,348.7 | +0.086% | $1.0M | $344K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,347.6 | +0.059% | $80.0M | $67.1M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,348.8 | +0.087% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDTlong | +0.0100% | 4h | 4,345 | long leg | $16.0M | $1.2M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,349.9 | +0.113% | $26.8M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,347.8 | +0.065% | $9.3M | $13.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,347.4 | +0.054% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,348.3 | +0.076% | $1.4M | $954K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,348.2 | +0.074% | $12.5M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,348.1 | +0.071% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,346.3 | +0.029% | $263K | $796K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,347 | +0.046% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,346 | +0.023% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,346.7 | +0.039% | $378K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,347.7 | +0.063% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,351.8 | +0.157% | $975K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1368% | 1h | 4,359.3 | +0.329% | $29K | $22K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD