After costs, if the gap returns to its 7d average, $10k−$25
spread now−0.055%7d average−0.019%fees + slippage, in and out−$21spread needed0.215%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,347.8 | 0.0100 | pay 0.0013% / 1h | 10m 50s | $1.1M | $1.1M | 50x |
| Short | Binance PAXGUSDT | 4,345.3 | 0.0100 | get 0.0050% / 4h | 10m 50s | $79.4M | $66.4M | 75x |
Backpack PAXG_USDC_PERP
Binance PAXGUSDTPrice 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
- −$5.54
- Funding while held
- $0
- Slippage, 4 orders
- −$1.46
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.01
- Spread needed to break even
- 0.215%
Slippage from Backpack: live order book, 5 min ago; Binance: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Backpack live order book, 5 min ago | 0.01 bp | 5.0 bp −$5 | 6.5 bp −$65 | 118.0 bp −$11.8K | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.01 bp | 5.3 bp −$5 | 6.4 bp −$64 | 9.9 bp −$985 | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,342.7+0.100%Phemex4,343+0.106%ApeX Omni4,344.4+0.139%Extended4,344.7+0.145%Lighter4,345+0.153%Bitget4,345.2+0.157%
Injective
SunX
Phemex
ApeX Omni
Extended
Lighter
BitgetBinance4,345.3+0.160%
Hyperliquid4,345.5+0.164%Paradex4,345.6+0.167%dYdX4,346.5+0.186%Reya4,346.6+0.188%Kraken Futures4,346.7+0.191%Bybit4,346.7+0.192%BingX4,346.7+0.192%Hibachi4,346.8+0.194%Variational Omni4,347.2+0.202%Pacifica4,347.5+0.210%Gate4,347.5+0.210%MEXC4,347.5+0.210%KuCoin4,347.7+0.215%
Hyperliquid
Paradex
dYdX
Reya
Kraken Futures
Bybit
BingX
Hibachi
Variational Omni
Pacifica
Gate
MEXC
KuCoinBackpack4,347.8+0.216%
Orderly4,347.8+0.217%Aster4,348.6+0.235%Deribit4,349.6+0.258%Coinbase International4,351.2+0.295%01 Exchange4,352.3+0.320%HTX4,354.1+0.361%
Orderly
Aster
Deribit
Coinbase International
HTXPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.215% | −0.0038% | 1h | $1K | $116K | 30x | as long as short |
| SunX PAXG-USDT | −0.116% | 0.0000% | 4h | $1K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.109% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| ApeX Omni PAXGUSDT | −0.076% | +0.0100% | 1h | $263K | $789K | 50x | as long as short |
| Extended PAXG-USD | −0.070% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Lighter PAXG | −0.062% | +0.0096% | 1h | $1.4M | $700K | 25x | as long as short |
| Bitget PAXGUSDT | −0.059% | +0.0100% | 4h | $9.1M | $12.1M | 50x | as long as short |
| Binance PAXGUSDTshort | −0.055% | +0.0100% | 4h | $79.4M | $66.4M | 75x | |
| Hyperliquid PAXG | −0.052% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Paradex PAXG-USD-PERP | −0.048% | +0.0100% | 8h | $84K | $2.9M | 50x | as long as short |