After costs, if the gap returns to its 7d average, $10k−$27
spread now−0.014%7d average−0.002%fees + slippage, in and out−$26spread needed0.260%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,348 | 0.0100 | pay 0.0013% / 1h | 12m 12s | $1.1M | $1.1M | 50x |
| Short | Bybit PAXGUSDT | 4,347.4 | 0.0100 | get 0.0050% / 4h | 12m 12s | $15.0M | $3.3M | 75x |
Backpack PAXG_USDC_PERP
Bybit 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
- −$1.36
- Funding while held
- $0
- Slippage, 4 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$27.36
- Spread needed to break even
- 0.260%
Slippage from Backpack: live order book, 3 min ago; Bybit: 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, 3 min ago | 0.01 bp | 5.0 bp −$5 | 6.5 bp −$65 | 118.0 bp −$11.8K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.12 bp | 6.7 bp −$7 | 10.8 bp −$108 | 27.8 bp −$2,781 | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestPhemex4,343+0.106%SunX4,343.6+0.119%ApeX Omni4,344.4+0.139%Hibachi4,345.7+0.168%Lighter4,346.2+0.180%Extended4,346.2+0.181%Variational Omni4,346.4+0.184%dYdX4,346.5+0.186%Bitget4,346.6+0.190%Hyperliquid4,346.7+0.191%Reya4,346.9+0.196%Binance4,347+0.198%Paradex4,347+0.199%BingX4,347.1+0.201%
Injective
Phemex
SunX
ApeX Omni
Hibachi
Lighter
Extended
Variational Omni
dYdX
Bitget
Hyperliquid
Reya
Binance
Paradex
BingXBybit4,347.4+0.207%
Kraken Futures4,348+0.220%
Kraken FuturesBackpack4,348+0.221%
Orderly4,348+0.221%Pacifica4,348.1+0.223%MEXC4,348.3+0.229%KuCoin4,348.7+0.238%Gate4,348.8+0.240%Aster4,348.9+0.241%Deribit4,351.1+0.292%Coinbase International4,351.2+0.295%01 Exchange4,352.3+0.320%HTX4,354.7+0.375%
Orderly
Pacifica
MEXC
KuCoin
Gate
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 | −0.221% | −0.0038% | 1h | $1K | $116K | 30x | as long as short |
| Phemex PAXGUSDT | −0.115% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| SunX PAXG-USDT | −0.102% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.082% | +0.0100% | 1h | $263K | $789K | 50x | as long as short |
| Hibachi PAXG/USDT-P | −0.053% | −0.0072% | 1h | $41K | $143K | 20x | as long as short |
| Lighter PAXG | −0.041% | +0.0096% | 1h | $1.4M | $700K | 25x | as long as short |
| Extended PAXG-USD | −0.040% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Variational Omni PAXG | −0.037% | +0.0100% | 4h | $12.5M | $85K | — | as long as short |
| dYdX PAXG-USD | −0.035% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Bitget PAXGUSDT | −0.031% | +0.0100% | 4h | $9.1M | $12.1M | 50x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | −0.030% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Reya PAXGRUSDPERP | −0.025% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| Binance PAXGUSDT | −0.023% | +0.0100% | 4h | $79.4M | $66.4M | 75x | as long as short |
| Paradex PAXG-USD-PERP | −0.022% | +0.0100% | 8h | $84K | $2.8M | 50x | as long as short |
| BingX PAXG-USDT | −0.020% | +0.0100% | 4h | — | $6.7M | — | as long as short |
| Bybit PAXGUSDTshort | −0.014% | +0.0100% | 4h | $15.0M | $3.3M | 75x | |
| Kraken Futures PF_PAXGUSD | −0.001% | −0.0017% | 1h | $1.3M | $1.0M | 20x | as long as short |
| Backpack PAXG_USDC_PERPlong | 0.000% | +0.0100% | 1h | $1.1M | $1.1M | 50x | |
| Orderly PERP_PAXG_USDC_mythos | 0.000% | +0.0100% | 4h | $558 | — | 10x | as long as short |
| Pacifica PAXG | +0.002% | +0.0100% | 1h | $1.0M | $406K | 10x | as long as short |
| MEXC PAXG_USDT | +0.008% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.017% | +0.0100% | 4h | $26.7M | $5.0M | 30x | as long as short |
| Gate PAXG_USDT | +0.019% | 0.0000% | 8h | $15.8M | $4.4M | 100x | as long as short |
| Aster PAXGUSDT | +0.020% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.071% | 0.0000% | 1h | $7.9M | $832K | 50x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.073% | +0.0248% | 1h | $973K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.099% | +0.0672% | 1h | $15K | $7K | 10x | as long as short |
| HTX PAXG-USDT | +0.154% | 0.0000% | 4h | $918K | $612K | 75x | as long as short |