Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Lighter against Binance−0.002%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.140% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 7 days+0.050%+$5 · spread now −0.002%, 7d avg +0.008%
=Together, before fees+0.095%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PAXGUSDT | 4,350.2 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $80.1M | $70.8M | 75x |
| Short | Lighter PAXG | 4,350.1 | 0.0096 | get 0.0012% / 1h | 15m 41s | $1.4M | $305K | 25x |
Binance PAXGUSDT
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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: −0.002% → +0.008%
- −$0.94
- Slippage, 4 orders
- −$3.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.74
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Lighter: live order book, 6 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 Binance live order book, 12 min ago | 0.01 bp | 5.0 bp −$5 | 5.2 bp −$52 | 9.0 bp −$900 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 1.26 bp | 1.7 bp −$2 | 5.2 bp −$52 | 20.9 bp −$2,093 | 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 | 4,351.5 | +0.032% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,352.7 | +0.059% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,344.7 | −0.125% | $2K | $3.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,352.4 | +0.051% | $7.9M | $873K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,354.4 | +0.099% | $907K | $629K | 75x | as long as short |
| Hibachi PAXG/USDT-P | +0.0008% | 1h | 4,352 | +0.041% | $42K | $160K | 20x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.066% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0092% | 4h | 4,353.2 | +0.069% | $1.5M | $2.0M | 10x | as long as short |
| Lighter PAXGshort | +0.0096% | 1h | 4,350.1 | −0.002% | $1.4M | $305K | 25x | |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,349.7 | −0.010% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Hibachi PAXG/USDT-P
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
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 | 4,351 | +0.020% | $20.7M | $2.1M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,350.6 | +0.009% | $908K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,352.4 | +0.053% | $1.0M | $364K | 10x | as long as short |
| Binance PAXGUSDTlong | +0.0100% | 4h | 4,350.2 | long leg | $80.1M | $70.8M | 75x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,352.2 | +0.046% | $15.2M | $3.5M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,350.6 | +0.011% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,352.8 | +0.060% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,350.7 | +0.013% | $9.6M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,351.8 | +0.038% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,349.6 | −0.013% | $1.3M | $803K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,349.9 | −0.005% | $12.5M | $109K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,351.3 | +0.026% | $263K | $791K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,350.3 | +0.003% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,350 | −0.003% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,349.1 | −0.024% | $378K | $1.5M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,350.2 | +0.001% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0247% | 1h | 4,349.4 | −0.018% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0312% | 1h | 4,356.3 | +0.141% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,361.3 | +0.256% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD