After costs, if the gap returns to its 7d average, $10k−$34
spread now+0.012%7d average+0.052%fees + slippage, in and out−$30spread needed0.299%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,343.9 | 0.0100 | pay 0.0013% / 1h | 59m 09s | $1.4M | $1.3M | 50x |
| Short | Gate PAXG_USDT | 4,344.4 | 0 | get 0.0000% / 8h | 4h 59m | $15.8M | $4.4M | 100x |
Backpack PAXG_USDC_PERP
Gate PAXG_USDTPrice 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
- $1.17
- Funding while held
- −$3
- Slippage, 4 orders
- −$4.94
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$31.76
- Spread needed to break even
- 0.299%
Slippage from Backpack: live order book, 1 min ago; Gate: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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, 1 min ago | 0.01 bp | 5.0 bp −$5 | 5.8 bp −$58 | 21.1 bp −$2,112 | doesn't fit |
| Sell Gate live order book, 1 min ago | 0.92 bp | 10.2 bp −$10 | 13.8 bp −$138 | 24.0 bp −$2,405 | 56.4 bp −$28.2K |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,337.6cheapestInjective4,338.4+0.019%Phemex4,340+0.056%Bitget4,341.3+0.085%Lighter4,341.3+0.086%Extended4,341.8+0.097%Binance4,342.2+0.107%Hyperliquid4,342.4+0.110%Reya4,342.8+0.119%ApeX Omni4,343.1+0.128%Aster4,343.3+0.131%BingX4,343.4+0.134%Paradex4,343.4+0.135%Bybit4,343.7+0.140%MEXC4,343.8+0.144%
SunX
Injective
Phemex
Bitget
Lighter
Extended
Binance
Hyperliquid
Reya
ApeX Omni
Aster
BingX
Paradex
Bybit
MEXCBackpack4,343.9+0.145%
KuCoin4,344.1+0.150%Hibachi4,344.2+0.152%Orderly4,344.3+0.155%Kraken Futures4,344.4+0.156%
KuCoin
Hibachi
Orderly
Kraken FuturesGate4,344.4+0.157%
Pacifica4,344.4+0.157%Variational Omni4,344.9+0.168%Deribit4,346.5+0.206%dYdX4,346.9+0.215%Coinbase International4,347.3+0.224%HTX4,347.5+0.228%01 Exchange4,348.9+0.261%
Pacifica
Variational Omni
Deribit
dYdX
Coinbase International
HTXPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.145% | 0.0000% | 4h | $2K | $4.1M | 20x | as long as short |
| Injective PAXG/USDC PERP | −0.126% | +0.0033% | 1h | $1K | $65K | 30x | as long as short |
| Phemex PAXGUSDT | −0.090% | +0.0100% | 4h | $1.5M | $33K | 50x | as long as short |
| Bitget PAXGUSDT | −0.060% | +0.0100% | 4h | $9.2M | $13.4M | 50x | as long as short |
| Lighter PAXG | −0.059% | +0.0096% | 1h | $1.4M | $522K | 25x | as long as short |
| Extended PAXG-USD | −0.049% | +0.0104% | 1h | $376K | $1.2M | 25x | as long as short |
| Binance PAXGUSDT | −0.039% | +0.0100% | 4h | $79.9M | $68.3M | 75x | as long as short |
| Hyperliquid PAXG | −0.035% | +0.0100% | 1h | $20.3M | $1.8M | 10x | as long as short |
| Reya PAXGRUSDPERP | −0.026% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| ApeX Omni PAXGUSDT | −0.017% | +0.0100% | 1h | $263K | $789K | 50x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | −0.014% | +0.0100% | 4h | $905K | $71K | 50x | as long as short |
| BingX PAXG-USDT | −0.011% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| Paradex PAXG-USD-PERP | −0.010% | +0.0100% | 8h | $84K | $3.9M | 50x | as long as short |
| Bybit PAXGUSDT | −0.005% | +0.0100% | 4h | $14.9M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | −0.001% | +0.0100% | 4h | $15.9M | $1.3M | 100x | as long as short |
| Backpack PAXG_USDC_PERPlong | 0.000% | +0.0100% | 1h | $1.4M | $1.3M | 50x | |
| KuCoin PAXGUSDTM | +0.005% | +0.0100% | 4h | $26.8M | $5.1M | 30x | as long as short |
| Hibachi PAXG/USDT-P | +0.007% | −0.0048% | 1h | $41K | $153K | 20x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.009% | +0.0100% | 4h | $557 | — | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.011% | −0.0009% | 1h | $1.4M | $1.3M | 20x | as long as short |
| Gate PAXG_USDTshort | +0.012% | 0.0000% | 8h | $15.8M | $4.4M | 100x | |
| Pacifica PAXG | +0.012% | +0.0100% | 1h | $1.0M | $387K | 10x | as long as short |
| Variational Omni PAXG | +0.022% | +0.0100% | 4h | $12.5M | $88K | — | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.060% | 0.0000% | 1h | $7.9M | $833K | 50x | as long as short |
| dYdX PAXG-USD | +0.070% | 0.0000% | 1h | $101K | $18K | 5x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.079% | +0.0328% | 1h | $970K | $1.1M | 50x | as long as short |
| HTX PAXG-USDT | +0.083% | 0.0000% | 4h | $910K | $650K | 75x | as long as short |
| 01 Exchange PAXGUSD | +0.115% | +0.0408% | 1h | $15K | $4K | 10x | as long as short |