After costs, if the gap returns to its 7d average, $10k−$17
spread now−0.017%7d average+0.010%fees + slippage, in and out−$14spread needed0.140%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PAXGUSDT | 4,347.3 | 0.0100 | pay 0.0050% / 4h | 3h 45m | $79.5M | $67.1M | 75x |
| Short | Lighter PAXG | 4,346.6 | 0.0096 | get 0.0012% / 1h | 45m 06s | $1.4M | $700K | 25x |
Binance PAXGUSDT
Lighter 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
- −$1.75
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$3.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.84
- Spread needed to break even
- 0.140%
Slippage from Binance: live order book, 14 min ago; Lighter: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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, 14 min ago | 0.01 bp | 6.0 bp −$6 | 6.8 bp −$68 | 10.5 bp −$1,051 | doesn't fit |
| Sell Lighter live order book, 3 min ago | 1.15 bp | 1.7 bp −$2 | 4.8 bp −$48 | 18.9 bp −$1,891 | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,343.5+0.117%
Injective
SunXLighter4,346.6+0.188%
Phemex4,347+0.198%Hyperliquid4,347.1+0.200%Extended4,347.3+0.205%
Phemex
Hyperliquid
ExtendedBinance4,347.3+0.206%
Aster4,347.4+0.208%Bitget4,347.7+0.213%Reya4,348+0.221%Kraken Futures4,348.2+0.226%Orderly4,348.3+0.228%MEXC4,349+0.243%Bybit4,349.1+0.247%KuCoin4,349.3+0.252%BingX4,349.3+0.252%Paradex4,349.6+0.258%Backpack4,349.8+0.263%Gate4,349.9+0.265%ApeX Omni4,350+0.268%Pacifica4,350.3+0.274%Variational Omni4,350.6+0.282%dYdX4,351.1+0.292%Hibachi4,351.1+0.294%Deribit4,351.7+0.308%Coinbase International4,352.2+0.318%HTX4,354.1+0.361%01 Exchange4,354.8+0.378%
Aster
Bitget
Reya
Kraken Futures
Orderly
MEXC
Bybit
KuCoin
BingX
Paradex
Backpack
Gate
ApeX Omni
Pacifica
Variational Omni
dYdX
Hibachi
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 | −0.205% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| SunX PAXG-USDT | −0.088% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Lighter PAXGshort | −0.017% | +0.0096% | 1h | $1.4M | $700K | 25x | |
| Phemex PAXGUSDT | −0.008% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Hyperliquid PAXG | −0.006% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Extended PAXG-USD | −0.001% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Binance PAXGUSDTlong | 0.000% | +0.0100% | 4h | $79.5M | $67.1M | 75x | |
| Aster PAXGUSDT | +0.002% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
| Bitget PAXGUSDT | +0.007% | +0.0100% | 4h | $9.1M | $12.4M | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.015% | +0.0189% | 1h | $21K | — | 100x | as long as short |