Spread before costs (cost unknown: a leg has no order-book sample)−0.058%
7d average−0.007%if it closes, per $10,000$6funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,348.9 | 0.0100 | pay 0.0013% / 1h | 11m 43s | $1.1M | $1.1M | 50x |
| Short | Variational Omni PAXG | 4,346.4 | 0.0100 | get 0.0050% / 4h | 11m 43s | $12.5M | $85K | — |
Backpack PAXG_USDC_PERP
Variational Omni PAXGPrice 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
- −$5.79
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$15.79
- Spread needed to break even
- 0.100%
Slippage unknown: Backpack: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
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, 4 min ago | 0.01 bp | 5.0 bp −$5 | 6.5 bp −$65 | 118.0 bp −$11.8K | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 2.82 bp | doesn't fit | 7.4 bp −$74 | doesn't fit | 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%Extended4,346.3+0.183%
Injective
Phemex
SunX
ApeX Omni
Hibachi
ExtendedVariational Omni4,346.4+0.184%
Lighter4,346.5+0.186%dYdX4,346.5+0.186%Reya4,346.9+0.196%Bitget4,346.9+0.196%Paradex4,346.9+0.197%Hyperliquid4,347+0.197%Binance4,347.1+0.201%BingX4,347.2+0.202%Bybit4,347.4+0.208%Kraken Futures4,348+0.220%Orderly4,348+0.221%Pacifica4,348.3+0.229%MEXC4,348.4+0.231%Aster4,348.9+0.241%
Lighter
dYdX
Reya
Bitget
Paradex
Hyperliquid
Binance
BingX
Bybit
Kraken Futures
Orderly
Pacifica
MEXC
AsterBackpack4,348.9+0.242%
Gate4,349+0.244%KuCoin4,349.1+0.246%Deribit4,351.1+0.292%Coinbase International4,351.2+0.295%01 Exchange4,352.3+0.320%HTX4,354.7+0.375%
Gate
KuCoin
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 | −0.241% | −0.0038% | 1h | $1K | $116K | 30x | as long as short |
| Phemex PAXGUSDT | −0.136% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| SunX PAXG-USDT | −0.123% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.103% | +0.0100% | 1h | $263K | $789K | 50x | as long as short |
| Hibachi PAXG/USDT-P | −0.074% | −0.0072% | 1h | $41K | $143K | 20x | as long as short |
| Extended PAXG-USD | −0.059% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Variational Omni PAXGshort | −0.058% | +0.0100% | 4h | $12.5M | $85K | — | |
| Lighter PAXG | −0.056% | +0.0096% | 1h | $1.4M | $700K | 25x | as long as short |
| dYdX PAXG-USD | −0.055% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Reya PAXGRUSDPERP | −0.046% | +0.0189% | 1h | $21K | — | 100x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget PAXGUSDT | −0.046% | +0.0100% | 4h | $9.1M | $12.1M | 50x | as long as short |
| Paradex PAXG-USD-PERP | −0.045% | +0.0100% | 8h | $84K | $2.8M | 50x | as long as short |
| Hyperliquid PAXG | −0.045% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Binance PAXGUSDT | −0.041% | +0.0100% | 4h | $79.4M | $66.4M | 75x | as long as short |
| BingX PAXG-USDT | −0.040% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| Bybit PAXGUSDT | −0.034% | +0.0100% | 4h | $15.0M | $3.3M | 75x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.022% | −0.0017% | 1h | $1.3M | $1.0M | 20x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.021% | +0.0100% | 4h | $558 | — | 10x | as long as short |
| Pacifica PAXG | −0.013% | +0.0100% | 1h | $1.0M | $406K | 10x | as long as short |
| MEXC PAXG_USDT | −0.011% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| Aster PAXGUSDT | −0.001% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
| Backpack PAXG_USDC_PERPlong | 0.000% | +0.0100% | 1h | $1.1M | $1.1M | 50x | |
| Gate PAXG_USDT | +0.002% | 0.0000% | 8h | $15.8M | $4.4M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.004% | +0.0100% | 4h | $26.7M | $5.0M | 30x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.050% | 0.0000% | 1h | $7.9M | $832K | 50x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.052% | +0.0248% | 1h | $973K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.078% | +0.0672% | 1h | $15K | $7K | 10x | as long as short |
| HTX PAXG-USDT | +0.133% | 0.0000% | 4h | $918K | $612K | 75x | as long as short |