After costs, if the gap returns to its 7d average, $10k−$32
spread now−0.073%7d average−0.015%fees + slippage, in and out−$26spread needed0.263%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,340.6 | 0.0100 | pay 0.0013% / 1h | 38m 34s | $1.1M | $1.1M | 50x |
| Short | Bitget PAXGUSDT | 4,337.5 | 0.0100 | get 0.0050% / 4h | 2h 38m | $9.2M | $13.2M | 50x |
Backpack PAXG_USDC_PERP
Bitget 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
- −$7.3
- Funding while held
- $0
- Slippage, 4 orders
- −$4.31
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$33.61
- Spread needed to break even
- 0.263%
Slippage from Backpack: live order book, 2 min ago; Bitget: live order book, 1 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, 2 min ago | 0.01 bp | 5.0 bp −$5 | 5.1 bp −$51 | 55.4 bp −$5,539 | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.01 bp | 7.7 bp −$8 | 9.5 bp −$95 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,334.6cheapestPhemex4,335+0.010%Lighter4,337.4+0.064%
SunX
Phemex
LighterBitget4,337.5+0.066%
Hyperliquid4,337.7+0.072%Extended4,337.9+0.077%Binance4,338.1+0.081%Bybit4,338.1+0.081%Injective4,338.4+0.088%Reya4,338.4+0.088%Paradex4,338.6+0.092%BingX4,338.6+0.093%ApeX Omni4,338.9+0.099%Aster4,339.2+0.107%Pacifica4,339.3+0.108%Hibachi4,339.4+0.111%Orderly4,339.4+0.111%KuCoin4,339.6+0.115%dYdX4,339.6+0.116%Variational Omni4,339.8+0.120%Kraken Futures4,339.9+0.122%Gate4,340.4+0.134%
Hyperliquid
Extended
Binance
Bybit
Injective
Reya
Paradex
BingX
ApeX Omni
Aster
Pacifica
Hibachi
Orderly
KuCoin
dYdX
Variational Omni
Kraken Futures
GateBackpack4,340.6+0.140%
MEXC4,340.7+0.140%Deribit4,342.4+0.180%HTX4,342.6+0.185%01 Exchange4,345.8+0.259%Coinbase International4,345.9+0.260%
MEXC
Deribit
HTX
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 | −0.139% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.130% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Lighter PAXG | −0.076% | +0.0088% | 1h | $1.4M | $705K | 25x | as long as short |
| Bitget PAXGUSDTshort | −0.073% | +0.0100% | 4h | $9.2M | $13.2M | 50x | |
| Hyperliquid PAXG | −0.068% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Extended PAXG-USD | −0.062% | +0.0104% | 1h | $376K | $1.2M | 25x | as long as short |
| Binance PAXGUSDT | −0.059% | +0.0100% | 4h | $79.4M | $67.8M | 75x | as long as short |
| Bybit PAXGUSDT | −0.058% | +0.0100% | 4h | $15.0M | $3.6M | 75x | as long as short |
| Injective PAXG/USDC PERP | −0.051% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| Reya PAXGRUSDPERP | −0.051% | +0.0189% | 1h | $21K | — | 100x | as long as short |