Spread before costs (cost unknown: a leg has no order-book sample)−0.050%
7d average—if it closes, per $10,000$5funding while held, a day+$2.68
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,340.2 | 0.0100 | pay 0.0013% / 1h | 16m 18s | $1.1M | $1.1M | 50x |
| Short | Reya PAXGRUSDPERP | 4,338 | 0.0189 | get 0.0024% / 1h | 16m 18s | $21K | — | 100x |
Backpack PAXG_USDC_PERP
Reya PAXGRUSDPERPPrice 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
- −$5.02
- Funding while held
- $2.68
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$18.34
- Spread needed to break even
- 0.160%
Slippage unknown: Backpack: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0089%
- Per $10,000 a day
- +$2.68
- 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 | 5.5 bp −$5 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,332.3cheapestApeX Omni4,333.6+0.030%Phemex4,334+0.039%Variational Omni4,335.8+0.081%Lighter4,335.9+0.081%dYdX4,335.9+0.082%Bitget4,336+0.086%Binance4,336.6+0.098%Hibachi4,336.7+0.101%Extended4,336.8+0.104%Bybit4,337.4+0.116%Orderly4,337.4+0.117%Hyperliquid4,337.5+0.120%
SunX
ApeX Omni
Phemex
Variational Omni
Lighter
dYdX
Bitget
Binance
Hibachi
Extended
Bybit
Orderly
HyperliquidReya4,338+0.130%
BingX4,338.3+0.137%Paradex4,338.4+0.140%Injective4,338.4+0.140%Kraken Futures4,338.5+0.143%MEXC4,338.6+0.144%Aster4,339.2+0.158%KuCoin4,339.3+0.161%Pacifica4,339.5+0.166%Gate4,339.9+0.175%
BingX
Paradex
Injective
Kraken Futures
MEXC
Aster
KuCoin
Pacifica
GateBackpack4,340.2+0.181%
Coinbase International4,341.1+0.203%Deribit4,341.1+0.204%HTX4,342.8+0.241%01 Exchange4,343.9+0.267%
Coinbase International
Deribit
HTXPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.180% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.150% | +0.0100% | 1h | $262K | $788K | 50x | as long as short |
| Phemex PAXGUSDT | −0.142% | +0.0100% | 4h | $1.5M | $33K | 50x | as long as short |
| Variational Omni PAXG | −0.100% | +0.0100% | 4h | $12.4M | $75K | — | as long as short |
| Lighter PAXG | −0.099% | +0.0096% | 1h | $1.4M | $705K | 25x | as long as short |
| dYdX PAXG-USD | −0.098% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Bitget PAXGUSDT | −0.095% | +0.0100% | 4h | $9.2M | $13.1M | 50x | as long as short |
| Binance PAXGUSDT | −0.083% | +0.0100% | 4h | $79.4M | $67.2M | 75x | as long as short |
| Hibachi PAXG/USDT-P | −0.079% | −0.0464% | 1h | $41K | $152K | 20x | as long as short |
| Extended PAXG-USD | −0.077% | +0.0104% | 1h | $376K | $1.2M | 25x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PAXGUSDT | −0.065% | +0.0100% | 4h | $14.9M | $3.6M | 75x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.063% | +0.0100% | 4h | $557 | — | 10x | as long as short |
| Hyperliquid PAXG | −0.061% | +0.0100% | 1h | $20.3M | $1.8M | 10x | as long as short |
| Reya PAXGRUSDPERPshort | −0.050% | +0.0189% | 1h | $21K | — | 100x | |
| BingX PAXG-USDT | −0.044% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| Paradex PAXG-USD-PERP | −0.041% | +0.0100% | 8h | $84K | $4.0M | 50x | as long as short |
| Injective PAXG/USDC PERP | −0.040% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.037% | +0.0069% | 1h | $1.3M | $1.4M | 20x | as long as short |
| MEXC PAXG_USDT | −0.037% | +0.0100% | 4h | $15.9M | $1.3M | 100x | as long as short |
| Aster PAXGUSDT | −0.023% | +0.0100% | 4h | $904K | $71K | 50x | as long as short |
| KuCoin PAXGUSDTM | −0.020% | +0.0100% | 4h | $26.8M | $5.0M | 30x | as long as short |
| Pacifica PAXG | −0.015% | +0.0100% | 1h | $1.0M | $387K | 10x | as long as short |
| Gate PAXG_USDT | −0.006% | 0.0000% | 8h | $15.7M | $4.4M | 100x | as long as short |
| Backpack PAXG_USDC_PERPlong | 0.000% | +0.0100% | 1h | $1.1M | $1.1M | 50x | |
| Coinbase International PAXG-PERP-INTX | +0.023% | +0.0296% | 1h | $969K | $1.1M | 50x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.023% | 0.0000% | 1h | $7.9M | $833K | 50x | as long as short |
| HTX PAXG-USDT | +0.060% | 0.0000% | 4h | $909K | $650K | 75x | as long as short |
| 01 Exchange PAXGUSD | +0.086% | +0.0424% | 1h | $15K | $3K | 10x | as long as short |