After costs, if the gap returns to its 7d average, $10k−$23
spread now+0.110%7d average+0.069%fees + slippage, in and out−$27spread needed0.272%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PAXGUSDT | 4,346.5 | 0.0100 | pay 0.0050% / 4h | 1h 24m | $79.9M | $67.9M | 75x |
| Short | Deribit PAXG_USDC-PERPETUAL | 4,351.3 | 0 | get 0.0000% / 1h | 24m 42s | $7.9M | $833K | 50x |
Binance PAXGUSDT
Deribit PAXG_USDC-PERPETUALPrice 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
- $11.02
- Funding while held
- −$3
- Slippage, 4 orders
- −$10.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$19.2
- Spread needed to break even
- 0.272%
Slippage from Binance: live order book, 4 min ago; Deribit: 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 Binance live order book, 4 min ago | 0.01 bp | 5.8 bp −$6 | 6.9 bp −$69 | 10.8 bp −$1,077 | doesn't fit |
| Sell Deribit live order book, 1 min ago | 1.55 bp | 8.1 bp −$8 | 13.8 bp −$138 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,341.7+0.076%Phemex4,344+0.129%ApeX Omni4,345.4+0.161%Bitget4,345.5+0.164%Lighter4,345.7+0.169%Extended4,346.1+0.177%Hyperliquid4,346.1+0.177%
Injective
SunX
Phemex
ApeX Omni
Bitget
Lighter
Extended
HyperliquidBinance4,346.5+0.188%
dYdX4,346.9+0.196%Paradex4,347+0.199%Reya4,347.4+0.207%BingX4,347.5+0.209%Bybit4,347.6+0.212%Aster4,347.7+0.213%Kraken Futures4,347.9+0.218%Hibachi4,348.1+0.223%MEXC4,348.1+0.223%Orderly4,348.1+0.224%Backpack4,348.3+0.228%Pacifica4,348.3+0.229%Variational Omni4,348.3+0.229%KuCoin4,348.4+0.230%Gate4,348.9+0.242%
dYdX
Paradex
Reya
BingX
Bybit
Aster
Kraken Futures
Hibachi
MEXC
Orderly
Backpack
Pacifica
Variational Omni
KuCoin
GateDeribit4,351.3+0.298%
HTX4,352.2+0.318%Coinbase International4,352.4+0.322%01 Exchange4,354+0.360%
HTX
Coinbase InternationalPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.187% | +0.0033% | 1h | $1K | $65K | 30x | as long as short |
| SunX PAXG-USDT | −0.111% | 0.0000% | 4h | $2K | $4.1M | 20x | as long as short |
| Phemex PAXGUSDT | −0.058% | +0.0100% | 4h | $1.5M | $33K | 50x | as long as short |
| ApeX Omni PAXGUSDT | −0.026% | +0.0100% | 1h | $263K | $787K | 50x | as long as short |
| Bitget PAXGUSDT | −0.023% | +0.0100% | 4h | $9.2M | $13.3M | 50x | as long as short |
| Lighter PAXG | −0.019% | +0.0096% | 1h | $1.4M | $705K | 25x | as long as short |
| Extended PAXG-USD | −0.011% | +0.0104% | 1h | $376K | $1.2M | 25x | as long as short |
| Hyperliquid PAXG | −0.010% | +0.0100% | 1h | $20.3M | $1.8M | 10x | as long as short |
| Binance PAXGUSDTlong | 0.000% | +0.0100% | 4h | $79.9M | $67.9M | 75x | |
| dYdX PAXG-USD | +0.009% | 0.0000% | 1h | $101K | $18K | 5x | as long as short |