After costs, if the gap returns to its 7d average, $10k−$45
spread now−0.044%7d average−0.013%fees + slippage, in and out−$42spread needed0.416%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PAXGUSDT | 4,341.5 | 0.0100 | pay 0.0050% / 4h | 2h 49m | $904K | $71K | 50x |
| Short | Hibachi PAXG/USDT-P | 4,339.6 | −0.0320 | pay 0.0040% / 1h | 49m 53s | $41K | $145K | 20x |
Aster PAXGUSDT
Hibachi PAXG/USDT-PPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$4.45
- Funding while held
- −$12.6
- Slippage, 4 orders
- −$24.6
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$58.65
- Spread needed to break even
- 0.416%
Slippage from Aster: live order book, 54 min ago; Hibachi: live order book, 35 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0420%
- Per $10,000 a day
- −$12.60
- Average in range /8h
- —
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 Aster live order book, 54 min ago | 0.08 bp | 5.1 bp −$5 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 35 min ago | 0.09 bp | 15.2 bp −$15 | 50.5 bp −$505 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,337.4cheapestPhemex4,338+0.013%Injective4,338.4+0.022%ApeX Omni4,339.5+0.048%
SunX
Phemex
Injective
ApeX OmniHibachi4,339.6+0.049%
Lighter4,339.6+0.051%dYdX4,339.9+0.056%Extended4,340.1+0.062%Hyperliquid4,340.7+0.074%Bitget4,340.7+0.075%Variational Omni4,340.7+0.076%Binance4,340.8+0.077%Reya4,340.9+0.079%BingX4,340.9+0.079%Orderly4,341+0.082%Bybit4,341.2+0.086%Pacifica4,341.3+0.089%Paradex4,341.3+0.090%
Lighter
dYdX
Extended
Hyperliquid
Bitget
Variational Omni
Binance
Reya
BingX
Orderly
Bybit
Pacifica
ParadexAster4,341.5+0.094%
MEXC4,342+0.105%Deribit4,342.5+0.116%HTX4,342.8+0.122%Kraken Futures4,342.8+0.123%KuCoin4,343+0.127%Backpack4,343.2+0.133%Gate4,343.4+0.137%Coinbase International4,344.5+0.163%01 Exchange4,347.5+0.232%
MEXC
Deribit
HTX
Kraken Futures
KuCoin
Backpack
Gate
Coinbase InternationalPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.093% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.081% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Injective PAXG/USDC PERP | −0.071% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| ApeX Omni PAXGUSDT | −0.045% | +0.0100% | 1h | $262K | $792K | 50x | as long as short |
| Hibachi PAXG/USDT-Pshort | −0.044% | −0.0320% | 1h | $41K | $145K | 20x | |
| Lighter PAXG | −0.043% | +0.0064% | 1h | $1.4M | $705K | 25x | as long as short |
| dYdX PAXG-USD | −0.038% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Extended PAXG-USD | −0.032% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Hyperliquid PAXG | −0.019% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Bitget PAXGUSDT | −0.018% | +0.0100% | 4h | $9.2M | $13.1M | 50x | as long as short |