Funding you earn now, next payment 09:00 UTC−0.1128%/8h= −123.5% APRnext payment −$1.41 per $10,000 · paid last 24h −0.247%
Price spread now: Lighter against 01 Exchange−0.248%52s7-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 airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Lighter is 0.248% cheaper against 01 Exchange than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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 | 01 Exchange PAXGUSD | 4,314.5 | 0.0864 | pay 0.0108% / 1h | 54m 40s | $29K | $23K | 10x |
| Short | Lighter PAXG | 4,303.8 | −0.0264 | pay 0.0033% / 1h | 54m 40s | $1.4M | $605K | 25x |
01 Exchange PAXGUSD
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against 01 Exchange. 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
- −$236.88
- Price spread: −0.248% → 0.000%
- −$24.78
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$268.66
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 2 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 2 min ago | 1.22 bp | 1.2 bp −$1 | 3.3 bp −$33 | 19.3 bp −$1,929 | doesn't fit |
01 Exchange: 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PAXG_USDT_Perp | −0.0326% | 4h | 4,301.6 | −0.298% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXGshort | −0.0264% | 1h | 4,303.8 | −0.248% | $1.4M | $605K | 25x | |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,304.8 | −0.224% | $41K | $171K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,305.3 | −0.213% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,306 | −0.198% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,306.3 | −0.190% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,299.2 | −0.356% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,308.8 | −0.132% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,311 | −0.082% | $904K | $803K | 75x | as long as short |
| ApeX Omni PAXGUSDT | +0.0015% | 1h | 4,300.7 | −0.320% | $260K | $771K | 50x | as long as short |
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
ApeX Omni PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0016% | 1h | 4,304.3 | −0.237% | $377K | $1.6M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0016% | 4h | 4,312.6 | −0.045% | $16.6M | $1.1M | 100x | as long as short |
| Binance PAXGUSDT | +0.0017% | 4h | 4,307.2 | −0.170% | $80.3M | $79.4M | 75x | as long as short |
| Aster PAXGUSDT | +0.0026% | 4h | 4,305.6 | −0.206% | $898K | $32K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0028% | 4h | 4,307.4 | −0.165% | $9.4M | $16.0M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.760% | $1K | $151K | 30x | as long as short |
| Hyperliquid PAXG | +0.0088% | 1h | 4,305.9 | −0.199% | $21.0M | $2.5M | 10x | as long as short |
| BingX PAXG-USDT | +0.0092% | 4h | 4,305.6 | −0.206% | — | $6.8M | — | as long as short |
| Paradex PAXG-USD-PERP | +0.0095% | 8h | 4,303.7 | −0.250% | $85K | $4.1M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,307.2 | −0.169% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,306.3 | −0.190% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,306.1 | −0.194% | $28.5M | $5.4M | 30x | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,305.3 | −0.213% | $1.2M | $856K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,302.4 | −0.280% | $12.2M | $230K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,303.9 | −0.246% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,302 | −0.290% | $1.5M | $66K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,302.9 | −0.269% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,307.2 | −0.168% | $938K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSDlong | +0.0864% | 1h | 4,314.5 | long leg | $29K | $23K | 10x |
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
Hyperliquid PAXG
BingX PAXG-USDT
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX