After costs, if the gap returns to its 7d average, $10k−$15
spread now−0.020%7d average−0.066%fees + slippage, in and out−$20spread needed0.199%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PAXGUSDT | 4,350.6 | 0.0100 | pay 0.0050% / 4h | 3h 49m | $15.1M | $3.4M | 75x |
| Short | Extended PAXG-USD | 4,349.7 | 0.0104 | get 0.0013% / 1h | 49m 18s | $377K | $1.2M | 25x |
Bybit PAXGUSDT
Extended PAXG-USDPrice 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
- −$2.05
- Funding while held
- $0.12
- Slippage, 4 orders
- −$3.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$21.84
- Spread needed to break even
- 0.199%
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, just now.
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 Bybit live order book, 1 min ago | 0.12 bp | 7.1 bp −$7 | 10.2 bp −$102 | 25.2 bp −$2,518 | doesn't fit |
| Sell Extended live order book, just now | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,344.5+0.141%ApeX Omni4,346.3+0.181%Hibachi4,348.5+0.232%Variational Omni4,348.7+0.238%Lighter4,348.9+0.241%Phemex4,349+0.244%Binance4,349.6+0.258%Aster4,349.6+0.258%
Injective
SunX
ApeX Omni
Hibachi
Variational Omni
Lighter
Phemex
Binance
AsterExtended4,349.7+0.261%
Hyperliquid4,349.8+0.263%Bitget4,349.8+0.264%Orderly4,350.2+0.272%MEXC4,350.5+0.278%Backpack4,350.5+0.278%BingX4,350.5+0.279%Pacifica4,350.5+0.280%
Hyperliquid
Bitget
Orderly
MEXC
Backpack
BingX
PacificaBybit4,350.6+0.281%
Reya4,350.7+0.283%Paradex4,350.7+0.283%Kraken Futures4,350.9+0.288%dYdX4,351.1+0.292%KuCoin4,351.5+0.301%Gate4,351.7+0.307%Coinbase International4,352.2+0.318%Deribit4,353.5+0.348%HTX4,354.7+0.375%01 Exchange4,356.4+0.415%
Reya
Paradex
Kraken Futures
dYdX
KuCoin
Gate
Coinbase International
Deribit
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 | −0.280% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| SunX PAXG-USDT | −0.140% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.100% | +0.0100% | 1h | $263K | $790K | 50x | as long as short |
| Hibachi PAXG/USDT-P | −0.049% | −0.0120% | 1h | $41K | $144K | 20x | as long as short |
| Variational Omni PAXG | −0.043% | +0.0100% | 4h | $12.5M | $85K | — | as long as short |
| Lighter PAXG | −0.040% | +0.0096% | 1h | $1.4M | $698K | 25x | as long as short |
| Phemex PAXGUSDT | −0.037% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Binance PAXGUSDT | −0.023% | +0.0100% | 4h | $79.6M | $67.0M | 75x | as long as short |
| Aster PAXGUSDT | −0.023% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
| Extended PAXG-USDshort | −0.020% | +0.0104% | 1h | $377K | $1.2M | 25x |