Funding you earn now, next payment 10:00 UTC−0.0245%/8h= −26.9% APRnext payment −$0.31 per $10,000 · paid last 24h −0.044%
Price spread now: Lighter against Reya−0.038%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.038% cheaper against Reya 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 | Reya PAXGRUSDPERP | 4,321.4 | 0.0189 | pay 0.0024% / 1h | 55m 38s | $20K | — | 100x |
| Short | Lighter PAXG | 4,319.8 | −0.0056 | pay 0.0007% / 1h | 55m 38s | $1.4M | $500K | 25x |
Reya PAXGRUSDPERP
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Reya. 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
- −$51.55
- Price spread: −0.038% → 0.000%
- −$3.83
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$61.38
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Lighter: live order book, 6 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 Reya no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 1.92 bp | 2.1 bp −$2 | 5.1 bp −$51 | 20.0 bp −$1,997 | doesn't fit |
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 PAXGshort | −0.0056% | 1h | 4,319.8 | −0.038% | $1.4M | $500K | 25x | |
| GRVT PAXG_USDT_Perp | −0.0056% | 4h | 4,328.1 | +0.155% | $1.5M | $2.0M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,325 | +0.081% | $115K | $15K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,323.4 | +0.045% | $15.7M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,318.7 | −0.063% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,326.8 | +0.124% | $7.9M | $428K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,329.5 | +0.185% | $910K | $824K | 75x | as long as short |
| Hibachi PAXG/USDT-P | +0.0008% | 1h | 4,325.5 | +0.095% | $41K | $190K | 20x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,320.2 | −0.029% | $375K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDT | +0.0024% | 4h | 4,320.6 | −0.020% | $9.2M | $16.4M | 50x | as long as short |
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Hibachi PAXG/USDT-P
Extended PAXG-USD
Bitget PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0026% | 4h | 4,326.1 | +0.107% | $16.6M | $1.3M | 100x | as long as short |
| Binance PAXGUSDT | +0.0029% | 4h | 4,320.9 | −0.012% | $80.1M | $82.3M | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.598% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0040% | 1h | 4,328.1 | +0.155% | $262K | $805K | 50x | as long as short |
| Aster PAXGUSDT | +0.0045% | 4h | 4,322.7 | +0.030% | $905K | $38K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0085% | 1h | 4,323.6 | +0.050% | $1.2M | $2.1M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0087% | 8h | 4,319 | −0.056% | $80K | $4.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,321.1 | −0.008% | $21.2M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,323.1 | +0.038% | $1.0M | $309K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,320.5 | −0.023% | $14.9M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,323.7 | +0.052% | $28.8M | $5.5M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,322.4 | +0.021% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,322.8 | +0.031% | $1.2M | $862K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,321.7 | +0.006% | $12.2M | $293K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,323.6 | +0.050% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,321 | −0.010% | $1.5M | $80K | 50x | as long as short |
| Reya PAXGRUSDPERPlong | +0.0189% | 1h | 4,321.4 | long leg | $20K | — | 100x | |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,330.6 | +0.212% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.2224% | 1h | 4,334.3 | +0.297% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD