Spread before costs (cost unknown: a leg has no order-book sample)−0.009%
7d average—if it closes, per $10,000$1funding while held, a day+$2.68
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PAXGUSDT | 4,346.6 | 0.0100 | pay 0.0050% / 4h | 36m 27s | $15.1M | $3.3M | 75x |
| Short | Reya PAXGRUSDPERP | 4,346.3 | 0.0189 | get 0.0024% / 1h | 36m 27s | $21K | — | 100x |
Bybit PAXGUSDT
Reya PAXGRUSDPERPPrice 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
- −$0.86
- Funding while held
- $2.68
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$15.17
- Spread needed to break even
- 0.170%
Slippage unknown: Bybit: live order book, 3 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0089%
- Per $10,000 a day
- +$2.68
- 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, 3 min ago | 0.12 bp | 9.1 bp −$9 | 12.8 bp −$128 | 29.2 bp −$2,918 | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective4,338.4cheapestPhemex4,339+0.014%SunX4,342.4+0.092%ApeX Omni4,345.5+0.165%Lighter4,345.6+0.165%Extended4,345.7+0.169%Orderly4,345.9+0.173%Aster4,346.2+0.180%Bitget4,346.3+0.181%
Injective
Phemex
SunX
ApeX Omni
Lighter
Extended
Orderly
Aster
BitgetReya4,346.3+0.181%
Variational Omni4,346.3+0.183%Hyperliquid4,346.4+0.184%dYdX4,346.5+0.187%Paradex4,346.6+0.188%Binance4,346.6+0.190%
Variational Omni
Hyperliquid
dYdX
Paradex
BinanceBybit4,346.6+0.190%
BingX4,346.8+0.194%Hibachi4,346.9+0.196%Pacifica4,347.7+0.215%Gate4,347.8+0.217%MEXC4,347.8+0.217%Kraken Futures4,347.9+0.220%Coinbase International4,348.1+0.224%KuCoin4,348.2+0.226%Backpack4,348.5+0.233%HTX4,350.1+0.269%Deribit4,350.2+0.273%01 Exchange4,356.9+0.426%
BingX
Hibachi
Pacifica
Gate
MEXC
Kraken Futures
Coinbase International
KuCoin
Backpack
HTX
DeribitPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.190% | −0.0038% | 1h | $1K | $116K | 30x | as long as short |
| Phemex PAXGUSDT | −0.176% | +0.0100% | 4h | $1.5M | $35K | 50x | as long as short |
| SunX PAXG-USDT | −0.098% | 0.0000% | 4h | $2K | $4.1M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.025% | +0.0100% | 1h | $263K | $790K | 50x | as long as short |
| Lighter PAXG | −0.024% | +0.0096% | 1h | $1.4M | $696K | 25x | as long as short |
| Extended PAXG-USD | −0.021% | +0.0104% | 1h | $375K | $1.2M | 25x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.017% | +0.0100% | 4h | $558 | — | 10x | as long as short |
| Aster PAXGUSDT | −0.010% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
| Bitget PAXGUSDT | −0.009% | +0.0100% | 4h | $9.1M | $12.1M | 50x | as long as short |
| Reya PAXGRUSDPERPshort | −0.009% | +0.0189% | 1h | $21K | — | 100x |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PAXG | −0.007% | +0.0100% | 4h | $12.5M | $80K | — | as long as short |
| Hyperliquid PAXG | −0.006% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| dYdX PAXG-USD | −0.003% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Paradex PAXG-USD-PERP | −0.001% | +0.0099% | 8h | $85K | $2.7M | 50x | as long as short |
| Binance PAXGUSDT | 0.000% | +0.0100% | 4h | $79.4M | $65.6M | 75x | as long as short |
| Bybit PAXGUSDTlong | 0.000% | +0.0100% | 4h | $15.1M | $3.3M | 75x | |
| BingX PAXG-USDT | +0.004% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| Hibachi PAXG/USDT-P | +0.006% | −0.0136% | 1h | $41K | $144K | 20x | as long as short |
| Pacifica PAXG | +0.025% | +0.0100% | 1h | $1.0M | $407K | 10x | as long as short |
| Gate PAXG_USDT | +0.027% | 0.0000% | 8h | $15.8M | $4.4M | 100x | as long as short |
| MEXC PAXG_USDT | +0.027% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.030% | −0.0017% | 1h | $1.3M | $1.0M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.034% | +0.0248% | 1h | $981K | $1.1M | 50x | as long as short |
| KuCoin PAXGUSDTM | +0.036% | +0.0100% | 4h | $26.7M | $4.9M | 30x | as long as short |
| Backpack PAXG_USDC_PERP | +0.043% | +0.0100% | 1h | $1.1M | $1.1M | 50x | as long as short |
| HTX PAXG-USDT | +0.079% | 0.0000% | 4h | $915K | $604K | 75x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.083% | 0.0000% | 1h | $7.9M | $832K | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.236% | +0.0776% | 1h | $15K | $7K | 10x | as long as short |