Spread before costs (cost unknown: a leg has no order-book sample)+0.574%
7d average+0.087%if it closes, per $10,000$57funding while held, a day−$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PAXGUSDT | 4,336.3 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $15.0M | $3.1M | 75x |
| Short | Injective PAXG/USDC PERP | 4,361.2 | 0.0033 | get 0.0004% / 1h | 35m 19s | $1K | $88K | 30x |
Bybit PAXGUSDT
Injective PAXG/USDC PERPPrice 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
- $57.38
- Funding while held
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $44.36
- Spread needed to break even
- 0.110%
Slippage unknown: Bybit: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.00
- 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 Bybit live order book, 5 min ago | 0.12 bp | 7.9 bp −$8 | 11.0 bp −$110 | 29.0 bp −$2,899 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Phemex4,331cheapestSunX4,331.1+0.002%Reya4,334.4+0.078%Kraken Futures4,334.6+0.083%Bitget4,334.7+0.085%Variational Omni4,334.8+0.087%Extended4,335+0.092%Hibachi4,335.1+0.094%Lighter4,335.3+0.100%Paradex4,335.3+0.100%Orderly4,335.7+0.109%ApeX Omni4,335.9+0.113%Hyperliquid4,336+0.115%dYdX4,336.1+0.117%BingX4,336.1+0.118%Aster4,336.2+0.121%Backpack4,336.2+0.121%
Phemex
SunX
Reya
Kraken Futures
Bitget
Variational Omni
Extended
Hibachi
Lighter
Paradex
Orderly
ApeX Omni
Hyperliquid
dYdX
BingX
Aster
BackpackBybit4,336.3+0.123%
Binance4,336.3+0.123%MEXC4,337.4+0.148%KuCoin4,337.7+0.154%Pacifica4,337.7+0.155%Gate4,337.9+0.159%Coinbase International4,339.1+0.186%Deribit4,339.2+0.189%01 Exchange4,341.1+0.233%HTX4,341.8+0.249%
Binance
MEXC
KuCoin
Pacifica
Gate
Coinbase International
Deribit
HTXInjective4,361.2+0.697%
PAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex PAXGUSDT | −0.123% | +0.0100% | 4h | $1.5M | $34K | 50x | as long as short |
| SunX PAXG-USDT | −0.120% | 0.0000% | 4h | $2K | $3.9M | 20x | as long as short |
| Reya PAXGRUSDPERP | −0.045% | +0.0189% | 1h | $20K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.039% | +0.0144% | 1h | $1.3M | $1.0M | 20x | as long as short |
| Bitget PAXGUSDT | −0.038% | +0.0100% | 4h | $9.1M | $11.6M | 50x | as long as short |
| Variational Omni PAXG | −0.035% | +0.0100% | 4h | $12.4M | $70K | — | as long as short |
| Extended PAXG-USD | −0.031% | +0.0104% | 1h | $375K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.029% | −0.0032% | 1h | $44K | $139K | 20x | as long as short |
| Lighter PAXG | −0.023% | +0.0056% | 1h | $1.4M | $695K | 25x | as long as short |
| Paradex PAXG-USD-PERP | −0.023% | +0.0099% | 8h | $80K | $2.6M | 50x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_PAXG_USDC_mythos | −0.014% | +0.0100% | 4h | $556 | — | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.010% | +0.0006% | 1h | $262K | $791K | 50x | as long as short |
| Hyperliquid PAXG | −0.007% | +0.0069% | 1h | $20.2M | $1.6M | 10x | as long as short |
| dYdX PAXG-USD | −0.006% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| BingX PAXG-USDT | −0.005% | +0.0100% | 4h | — | $6.7M | — | as long as short |
| Aster PAXGUSDT | −0.002% | +0.0100% | 4h | $903K | $71K | 50x | as long as short |
| Backpack PAXG_USDC_PERP | −0.002% | +0.0100% | 1h | $1.1M | $817K | 50x | as long as short |
| Bybit PAXGUSDTlong | 0.000% | +0.0100% | 4h | $15.0M | $3.1M | 75x | |
| Binance PAXGUSDT | 0.000% | +0.0100% | 4h | $79.2M | $62.2M | 75x | as long as short |
| MEXC PAXG_USDT | +0.025% | +0.0100% | 4h | $16.2M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.031% | +0.0100% | 4h | $26.9M | $4.7M | 30x | as long as short |
| Pacifica PAXG | +0.032% | +0.0100% | 1h | $1.0M | $428K | 10x | as long as short |
| Gate PAXG_USDT | +0.036% | 0.0000% | 8h | $15.8M | $4.2M | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.063% | +0.0240% | 1h | $945K | $1.0M | 50x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.066% | 0.0000% | 1h | $7.9M | $831K | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.110% | +0.0536% | 1h | $15K | $7K | 10x | as long as short |
| HTX PAXG-USDT | +0.126% | 0.0000% | 4h | $913K | $568K | 75x | as long as short |
| Injective PAXG/USDC PERPshort | +0.574% | +0.0033% | 1h | $1K | $88K | 30x |