Funding you earn now, next payment 10:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.019%
Price spread now: Lighter against Orderly−0.042%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.042% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PAXG_USDC_mythos | 4,315.6 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $554 | — | 10x |
| Short | Lighter PAXG | 4,313.8 | 0.0032 | get 0.0004% / 1h | 20m 38s | $1.4M | $501K | 25x |
Orderly PERP_PAXG_USDC_mythos
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- −$14.28
- Price spread: −0.042% → 0.000%
- −$4.17
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$24.45
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 4 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 1.14 bp | 1.4 bp −$1 | 4.1 bp −$41 | 17.2 bp −$1,716 | doesn't fit |
Orderly: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | −0.0013% | 1h | 4,313.5 | −0.049% | $115K | $15K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,317.1 | +0.035% | $15.6M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,312.5 | −0.071% | $2K | $2.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,319.2 | +0.083% | $7.9M | $211K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,318.3 | +0.063% | $909K | $807K | 75x | as long as short |
| Lighter PAXGshort | +0.0032% | 1h | 4,313.8 | −0.042% | $1.4M | $501K | 25x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.735% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0064% | 4h | 4,314 | −0.037% | $1.5M | $1.9M | 10x | as long as short |
| Extended PAXG-USD | +0.0072% | 1h | 4,314.2 | −0.032% | $374K | $1.5M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0074% | 4h | 4,320.2 | +0.107% | $16.6M | $1.3M | 100x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Extended PAXG-USD
MEXC PAXG_USDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PAXGUSDT | +0.0074% | 4h | 4,315.7 | +0.002% | $9.2M | $16.6M | 50x | as long as short |
| Binance PAXGUSDT | +0.0077% | 4h | 4,315.1 | −0.012% | $80.0M | $80.5M | 75x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0085% | 1h | 4,316.1 | +0.011% | $1.2M | $2.1M | 20x | as long as short |
| Aster PAXGUSDT | +0.0094% | 4h | 4,315.6 | 0.000% | $903K | $41K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,314.3 | −0.030% | $80K | $4.3M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,314.9 | −0.016% | $21.2M | $2.5M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,316.1 | +0.012% | $1.0M | $322K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,315.2 | −0.009% | $14.9M | $4.7M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,318.1 | +0.057% | $28.8M | $5.7M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,315.6 | 0.000% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,315.3 | −0.006% | $1.2M | $866K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,314.3 | −0.031% | $12.2M | $298K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,314.2 | −0.032% | $261K | $801K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythoslong | +0.0100% | 4h | 4,315.6 | long leg | $554 | — | 10x | |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,315 | −0.014% | $1.5M | $81K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,314.4 | −0.028% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,324.2 | +0.198% | $932K | $1.0M | 50x | as long as short |
| Hibachi PAXG/USDT-P | +0.0304% | 1h | 4,315.3 | −0.008% | $43K | $181K | 20x | as long as short |
| 01 Exchange PAXGUSD | +0.1072% | 1h | 4,325.8 | +0.236% | $29K | $24K | 10x | as long as short |
Bitget PAXGUSDT
Binance PAXGUSDT
Kraken Futures PF_PAXGUSD
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
Hibachi PAXG/USDT-P
01 Exchange PAXGUSD