Funding you earn now, next payment 08:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h +0.028%
Price spread now: Lighter against dYdX−0.050%58s7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days+0.235%+$23 on $10k
+Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.050%, 7d avg −0.019%
=Together, before fees+0.260%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.031% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.235%, so the current rate has only just turned against you. The two prices were read 58 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 | dYdX PAXG-USD | 4,317.9 | 0 | get 0.0000% / 1h | 57m 36s | $101K | $12K | 5x |
| Short | Lighter PAXG | 4,315.7 | −0.0184 | pay 0.0023% / 1h | 57m 36s | $1.4M | $478K | 25x |
dYdX PAXG-USD
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against dYdX. 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
- −$38.64
- Price spread: −0.050% → −0.019%
- −$3.15
- Slippage, 4 orders
- −$33.22
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$85.01
- Costs to cover
- 0.432%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 46 min ago; Lighter: live order book, 4 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 dYdX live order book, 46 min ago | 15.06 bp | 20.1 bp −$20 | 37.5 bp −$375 | 545.1 bp −$54.5K | 1599.7 bp −$799.9K |
| Sell Lighter live order book, 4 min ago | 1.17 bp | 1.2 bp −$1 | 3.8 bp −$38 | 20.5 bp −$2,053 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXGshort | −0.0184% | 1h | 4,315.7 | −0.050% | $1.4M | $478K | 25x | |
| GRVT PAXG_USDT_Perp | −0.0106% | 4h | 4,317.7 | −0.005% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0080% | 1h | 4,318 | +0.003% | $42K | $167K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,318.9 | +0.024% | $1.2M | $1.9M | 20x | as long as short |
| MEXC PAXG_USDT | −0.0002% | 4h | 4,323.1 | +0.122% | $16.6M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | −0.0001% | 4h | 4,317.9 | +0.001% | $79.6M | $75.1M | 75x | as long as short |
| dYdX PAXG-USDlong | 0.0000% | 1h | 4,317.9 | long leg | $101K | $12K | 5x | |
| Extended PAXG-USD | 0.0000% | 1h | 4,316.6 | −0.029% | $377K | $936K | 25x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,319.8 | +0.044% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,314.6 | −0.076% | $2K | $3.3M | 20x | as long as short |
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
MEXC PAXG_USDT
Binance PAXGUSDT
Extended PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,322.1 | +0.099% | $7.9M | $814K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,321.2 | +0.078% | $902K | $775K | 75x | as long as short |
| Aster PAXGUSDT | +0.0013% | 4h | 4,319 | +0.026% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.681% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0045% | 1h | 4,317.3 | −0.013% | $261K | $773K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0092% | 4h | 4,317.4 | −0.010% | $9.4M | $16.4M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,317.7 | −0.003% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,318 | +0.003% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,318.1 | +0.005% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,320 | +0.049% | $1.0M | $306K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,318.6 | +0.017% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,320.1 | +0.052% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,318.7 | +0.020% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,318.7 | +0.019% | $1.3M | $826K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,316.8 | −0.025% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.044% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.4 | −0.011% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,322.2 | +0.099% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0856% | 1h | 4,329.3 | +0.264% | $29K | $23K | 10x | as long as short |
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD