After costs, if the gap returns to its 7d average, $10k−$19
spread now0.000%7d average−0.080%fees + slippage, in and out−$27spread needed0.271%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PAXG-PERP-INTX | 4,358.4 | 0.0256 | pay 0.0032% / 1h | 38m 27s | $982K | $459K | 50x |
| Short | Hyperliquid PAXG | 4,358.4 | 0.0100 | get 0.0013% / 1h | 38m 27s | $20.3M | $1.5M | 10x |
Coinbase International PAXG-PERP-INTX
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
- $0.05
- Funding while held
- −$4.68
- Slippage, 4 orders
- −$8.1
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$31.74
- Spread needed to break even
- 0.271%
Slippage from Coinbase International: live order book, 21 min ago; Hyperliquid: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0156%
- Per $10,000 a day
- −$4.68
- 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 Coinbase International live order book, 21 min ago | 3.26 bp | 8.3 bp −$8 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.12 bp | 4.8 bp −$5 | 5.7 bp −$57 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,354.3cheapestExtended4,357.8+0.079%Lighter4,357.8+0.079%Paradex4,357.8+0.081%Variational Omni4,358.1+0.086%ApeX Omni4,358.1+0.087%Bitget4,358.2+0.088%
SunX
Extended
Lighter
Paradex
Variational Omni
ApeX Omni
BitgetCoinbase International4,358.4+0.093%
Hyperliquid4,358.4+0.093%
Reya4,358.5+0.095%Orderly4,359+0.107%Phemex4,359+0.107%Aster4,359.2+0.112%Kraken Futures4,359.2+0.113%Binance4,359.3+0.114%MEXC4,359.5+0.118%BingX4,359.5+0.118%Hibachi4,359.6+0.120%KuCoin4,360.4+0.138%Pacifica4,360.4+0.139%Backpack4,360.7+0.145%Gate4,360.7+0.146%Bybit4,361+0.153%dYdX4,361+0.154%Injective4,361.2+0.158%Deribit4,361.5+0.164%HTX4,362.3+0.183%01 Exchange4,369.3+0.344%
Reya
Orderly
Phemex
Aster
Kraken Futures
Binance
MEXC
BingX
Hibachi
KuCoin
Pacifica
Backpack
Gate
Bybit
dYdX
Injective
Deribit
HTXPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.093% | 0.0000% | 4h | $2K | $3.4M | 20x | as long as short |
| Extended PAXG-USD | −0.014% | +0.0104% | 1h | $379K | $1.2M | 25x | as long as short |
| Lighter PAXG | −0.014% | +0.0096% | 1h | $1.4M | $677K | 25x | as long as short |
| Paradex PAXG-USD-PERP | −0.012% | +0.0100% | 8h | $85K | $2.1M | 50x | as long as short |
| Variational Omni PAXG | −0.007% | +0.0100% | 4h | $12.5M | $71K | — | as long as short |
| ApeX Omni PAXGUSDT | −0.006% | +0.0100% | 1h | $264K | $790K | 50x | as long as short |
| Bitget PAXGUSDT | −0.005% | +0.0100% | 4h | $9.1M | $10.1M | 50x | as long as short |
| Coinbase International PAXG-PERP-INTXlong | 0.000% | +0.0256% | 1h | $982K | $459K | 50x | |
| Hyperliquid PAXGshort | 0.000% | +0.0100% | 1h | $20.3M | $1.5M | 10x | |
| Reya PAXGRUSDPERP | +0.002% | +0.0189% | 1h | $21K | — | 100x | as long as short |