After costs, if the gap returns to its 7d average, $10k−$21
spread now−0.004%7d average+0.009%fees + slippage, in and out−$20spread needed0.200%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PAXGUSDT | 4,352.1 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $77.7M | $51.2M | 75x |
| Short | Hyperliquid PAXG | 4,352 | 0.0100 | get 0.0013% / 1h | 32m 51s | $20.3M | $1.5M | 10x |
Binance PAXGUSDT
Hyperliquid 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
- −$0.38
- Funding while held
- $0
- Slippage, 4 orders
- −$1.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$20.41
- Spread needed to break even
- 0.200%
Slippage from Binance: live order book, 11 min ago; Hyperliquid: live order book, 11 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 Binance live order book, 11 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 8.9 bp −$886 | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.12 bp | 4.6 bp −$5 | 5.6 bp −$56 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,347.8cheapestPhemex4,351+0.073%Extended4,351.1+0.075%Lighter4,351.7+0.089%Bitget4,351.9+0.093%Kraken Futures4,351.9+0.094%
SunX
Phemex
Extended
Lighter
Bitget
Kraken FuturesHyperliquid4,352+0.096%
Binance4,352.1+0.099%
Reya4,352.4+0.106%Orderly4,352.5+0.108%Bybit4,352.9+0.117%Hibachi4,353.1+0.121%Paradex4,353.1+0.122%BingX4,353.1+0.122%ApeX Omni4,353.4+0.129%dYdX4,353.8+0.137%Aster4,353.9+0.139%Gate4,353.9+0.140%KuCoin4,354+0.142%Backpack4,354.1+0.145%MEXC4,354.3+0.150%Pacifica4,354.7+0.158%Deribit4,355.9+0.187%Variational Omni4,357+0.212%HTX4,359.4+0.266%Injective4,361.2+0.308%Coinbase International4,362.9+0.347%01 Exchange4,364.5+0.384%
Reya
Orderly
Bybit
Hibachi
Paradex
BingX
ApeX Omni
dYdX
Aster
Gate
KuCoin
Backpack
MEXC
Pacifica
Deribit
Variational Omni
HTX
Injective
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 | −0.099% | 0.0000% | 4h | $2K | $3.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.026% | +0.0100% | 4h | $1.5M | $23K | 50x | as long as short |
| Extended PAXG-USD | −0.025% | +0.0104% | 1h | $378K | $1.2M | 25x | as long as short |
| Lighter PAXG | −0.011% | +0.0096% | 1h | $1.4M | $673K | 25x | as long as short |
| Bitget PAXGUSDT | −0.006% | +0.0100% | 4h | $9.2M | $9.3M | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.005% | +0.0337% | 1h | $1.3M | $948K | 20x | as long as short |
| Hyperliquid PAXGshort | −0.004% | +0.0100% | 1h | $20.3M | $1.5M | 10x | |
| Binance PAXGUSDTlong | 0.000% | +0.0100% | 4h | $77.7M | $51.2M | 75x | |
| Reya PAXGRUSDPERP | +0.006% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.009% | +0.0100% | 4h | $558 | — | 10x | as long as short |