Funding you earn now, next payment 06:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.007%
Price spread now: Lighter against BingX−0.033%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$130.129% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days+0.072%+$7 · spread now −0.033%, 7d avg −0.017%
=Together, before fees+0.055%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PAXG-USDT | 4,343.6 | 0.0100 | pay 0.0050% / 4h | 2h 49m | — | $6.8M | — |
| Short | Lighter PAXG | 4,342.1 | −0.0064 | pay 0.0008% / 1h | 49m 44s | $1.4M | $365K | 25x |
BingX PAXG-USDT
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. 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
- −$34.44
- Price spread: −0.033% → −0.017%
- −$1.62
- Slippage, 4 orders
- −$2.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$48.99
- Costs to cover
- 0.129%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 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 BingX live order book, 8 min ago | 0.07 bp | 5.5 bp −$5 | 5.8 bp −$58 | 10.0 bp −$998 | 27.2 bp −$13.6K |
| Sell Lighter live order book, 2 min ago | 0.93 bp | 1.4 bp −$1 | 7.4 bp −$74 | 24.8 bp −$2,483 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0200% | 1h | 4,343.5 | −0.001% | $46K | $158K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,344.2 | +0.015% | $1.3M | $1.5M | 20x | as long as short |
| Lighter PAXGshort | −0.0064% | 1h | 4,342.1 | −0.033% | $1.4M | $365K | 25x | |
| ApeX Omni PAXGUSDT | −0.0021% | 1h | 4,338.3 | −0.120% | $262K | $784K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | −0.039% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,345.3 | +0.040% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,340.5 | −0.070% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,347.3 | +0.086% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,344.9 | +0.031% | $905K | $691K | 75x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0008% | 4h | 4,340.6 | −0.068% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.086% | $1K | $151K | 30x | as long as short |
| MEXC PAXG_USDT | +0.0038% | 4h | 4,344.5 | +0.022% | $16.2M | $1.0M | 100x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,342.2 | −0.032% | $379K | $1.4M | 25x | as long as short |
| Binance PAXGUSDT | +0.0040% | 4h | 4,343.4 | −0.003% | $80.2M | $70.4M | 75x | as long as short |
| Aster PAXGUSDT | +0.0076% | 4h | 4,343.4 | −0.003% | $906K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0092% | 1h | 4,343.4 | −0.004% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,343.8 | +0.006% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,342.9 | −0.015% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,344.8 | +0.028% | $1.0M | $353K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,343.6 | 0.000% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,346.4 | +0.066% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,343.3 | −0.005% | $9.7M | $15.3M | 50x | as long as short |
| BingX PAXG-USDTlong | +0.0100% | 4h | 4,343.6 | long leg | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,344 | +0.009% | $1.3M | $793K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,342.8 | −0.018% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | −0.105% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,342.8 | −0.017% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,347.5 | +0.092% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0768% | 1h | 4,354.2 | +0.245% | $29K | $24K | 10x | as long as short |
Injective PAXG/USDC PERP
MEXC PAXG_USDT
Extended PAXG-USD
Binance PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD