After costs, if the gap returns to its 7d average, $10k−$47
spread now−0.064%7d average−0.021%fees + slippage, in and out−$42spread needed0.425%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,341 | 0.0100 | pay 0.0013% / 1h | 56m 24s | $1.1M | $1.1M | 50x |
| Short | Hibachi PAXG/USDT-P | 4,338.3 | −0.0296 | pay 0.0037% / 1h | 56m 24s | $41K | $146K | 20x |
Backpack PAXG_USDC_PERP
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
- −$6.43
- Funding while held
- −$11.88
- Slippage, 4 orders
- −$23.46
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$60.76
- Spread needed to break even
- 0.425%
Slippage from Backpack: live order book, 4 min ago; Hibachi: live order book, 29 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0396%
- Per $10,000 a day
- −$11.88
- 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, 4 min ago | 0.01 bp | 5.2 bp −$5 | 6.3 bp −$63 | 78.4 bp −$7,842 | doesn't fit |
| Sell Hibachi live order book, 29 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.SunX4,335.3cheapestPhemex4,336+0.016%ApeX Omni4,336.6+0.031%Lighter4,338.1+0.065%
SunX
Phemex
ApeX Omni
LighterHibachi4,338.3+0.068%
Injective4,338.4+0.072%Extended4,338.8+0.081%Hyperliquid4,339.1+0.088%Bitget4,339.2+0.090%Binance4,339.4+0.094%BingX4,339.5+0.097%Reya4,339.6+0.098%Orderly4,339.7+0.101%Paradex4,339.7+0.103%Bybit4,339.9+0.106%Pacifica4,340+0.108%Aster4,340+0.108%Variational Omni4,340.2+0.114%MEXC4,340.9+0.130%
Injective
Extended
Hyperliquid
Bitget
Binance
BingX
Reya
Orderly
Paradex
Bybit
Pacifica
Aster
Variational Omni
MEXCBackpack4,341+0.132%
KuCoin4,341.1+0.134%Gate4,341.3+0.138%Kraken Futures4,341.3+0.138%Deribit4,343.2+0.182%HTX4,343.3+0.184%dYdX4,343.4+0.188%Coinbase International4,343.6+0.192%01 Exchange4,345.6+0.238%
KuCoin
Gate
Kraken Futures
Deribit
HTX
dYdX
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 | −0.132% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.116% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| ApeX Omni PAXGUSDT | −0.102% | +0.0100% | 1h | $262K | $793K | 50x | as long as short |
| Lighter PAXG | −0.068% | +0.0072% | 1h | $1.4M | $705K | 25x | as long as short |
| Hibachi PAXG/USDT-Pshort | −0.064% | −0.0296% | 1h | $41K | $146K | 20x | |
| Injective PAXG/USDC PERP | −0.061% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| Extended PAXG-USD | −0.051% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Hyperliquid PAXG | −0.045% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Bitget PAXGUSDT | −0.042% | +0.0100% | 4h | $9.2M | $13.0M | 50x | as long as short |
| Binance PAXGUSDT | −0.039% | +0.0100% | 4h | $79.3M | $67.6M | 75x | as long as short |