After costs, if the gap returns to its 7d average, $10k−$74
spread now−0.143%7d average−0.066%fees + slippage, in and out−$66spread needed0.663%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,337.2 | 0.0100 | pay 0.0013% / 1h | 20m 25s | $1.1M | $1.1M | 50x |
| Short | Phemex PAXGUSDT | 4,331 | 0.0100 | get 0.0050% / 4h | 2h 20m | $1.5M | $33K | 50x |
Backpack PAXG_USDC_PERP
Phemex 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
- −$14.34
- Funding while held
- $0
- Slippage, 4 orders
- −$44.25
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$80.59
- Spread needed to break even
- 0.663%
Slippage from Backpack: live order book, 5 min ago; Phemex: live order book, 4 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 | 5.1 bp −$5 | 6.5 bp −$65 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 5.77 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,331cheapest
SunXPhemex4,331+0.001%
ApeX Omni4,334+0.071%Lighter4,334.1+0.072%Extended4,334.5+0.081%Bitget4,334.5+0.082%Hibachi4,335+0.093%Binance4,335.1+0.095%Hyperliquid4,335.1+0.095%Bybit4,335.7+0.109%Paradex4,335.8+0.110%Variational Omni4,335.8+0.112%Reya4,335.8+0.112%dYdX4,335.9+0.113%BingX4,335.9+0.114%Orderly4,336+0.116%Pacifica4,336.3+0.123%Aster4,336.5+0.128%Kraken Futures4,336.6+0.129%KuCoin4,336.8+0.135%
ApeX Omni
Lighter
Extended
Bitget
Hibachi
Binance
Hyperliquid
Bybit
Paradex
Variational Omni
Reya
dYdX
BingX
Orderly
Pacifica
Aster
Kraken Futures
KuCoinBackpack4,337.2+0.144%
Gate4,337.4+0.148%MEXC4,337.5+0.152%Injective4,338.4+0.172%Deribit4,339.4+0.196%HTX4,340.2+0.214%Coinbase International4,341.1+0.235%01 Exchange4,342.7+0.271%
Gate
MEXC
Injective
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 | −0.144% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDTshort | −0.143% | +0.0100% | 4h | $1.5M | $33K | 50x | |
| ApeX Omni PAXGUSDT | −0.073% | +0.0100% | 1h | $262K | $789K | 50x | as long as short |
| Lighter PAXG | −0.073% | +0.0088% | 1h | $1.4M | $705K | 25x | as long as short |
| Extended PAXG-USD | −0.063% | +0.0104% | 1h | $376K | $1.2M | 25x | as long as short |
| Bitget PAXGUSDT | −0.062% | +0.0100% | 4h | $9.2M | $13.2M | 50x | as long as short |
| Hibachi PAXG/USDT-P | −0.052% | −0.0472% | 1h | $41K | $152K | 20x | as long as short |
| Binance PAXGUSDT | −0.049% | +0.0100% | 4h | $79.4M | $67.3M | 75x | as long as short |
| Hyperliquid PAXG | −0.049% | +0.0100% | 1h | $20.3M | $1.8M | 10x | as long as short |
| Bybit PAXGUSDT | −0.035% | +0.0100% | 4h | $15.0M | $3.5M | 75x | as long as short |