Funding you earn now, next payment 06:00 UTC−0.0408%/8h= −44.7% APRnext payment −$0.51 per $10,000 · paid last 24h −0.063%
Price spread now: Lighter against Coinbase International−0.099%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$180.176% of the position
Funding, last 7 days−0.306%−$31 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.099%, 7d avg −0.105%
=Together, before fees−0.343%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.105%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PAXG-PERP-INTX | 4,322.2 | 0.0232 | pay 0.0029% / 1h | 13m 03s | $949K | $1.1M | 50x |
| Short | Lighter PAXG | 4,317.9 | −0.0176 | pay 0.0022% / 1h | 13m 03s | $1.4M | $468K | 25x |
Coinbase International PAXG-PERP-INTX
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$85.68
- Price spread: −0.099% → −0.105%
- $0.65
- Slippage, 4 orders
- −$7.63
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$102.66
- Costs to cover
- 0.176%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, just now; Lighter: live order book, 3 min ago.
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, just now | 2.23 bp | 7.9 bp −$8 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.94 bp | 0.9 bp −$1 | 3.8 bp −$38 | 21.9 bp −$2,186 | doesn't fit |
PAXG on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXGshort | −0.0176% | 1h | 4,317.9 | −0.099% | $1.4M | $468K | 25x | |
| Hibachi PAXG/USDT-P | −0.0112% | 1h | 4,319.3 | −0.067% | $42K | $168K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0108% | 4h | 4,319.5 | −0.061% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,320.8 | −0.033% | $1.2M | $1.9M | 20x | as long as short |
| Extended PAXG-USD | −0.0008% | 1h | 4,318.8 | −0.078% | $378K | $625K | 25x | as long as short |
| Binance PAXGUSDT | −0.0008% | 4h | 4,320 | −0.049% | $79.6M | $75.1M | 75x | as long as short |
| MEXC PAXG_USDT | −0.0006% | 4h | 4,323.9 | +0.041% | $16.6M | $1.1M | 100x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | −0.099% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,321.3 | −0.020% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,316 | −0.142% | $2K | $3.4M | 20x | as long as short |
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,323.7 | +0.036% | $7.9M | $850K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,322.4 | +0.004% | $903K | $775K | 75x | as long as short |
| Aster PAXGUSDT | +0.0010% | 4h | 4,320 | −0.050% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.581% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0035% | 1h | 4,316.7 | −0.127% | $261K | $772K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,318.7 | −0.081% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,319.4 | −0.064% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,320.4 | −0.041% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,320.4 | −0.041% | $1.0M | $316K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,320.7 | −0.034% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,322 | −0.003% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,321.4 | −0.019% | $9.4M | $16.5M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,320.2 | −0.046% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,320 | −0.050% | $1.3M | $826K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,317.7 | −0.104% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,317 | −0.120% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,319.7 | −0.058% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXlong | +0.0232% | 1h | 4,322.2 | long leg | $949K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.0792% | 1h | 4,329.1 | +0.160% | $29K | $23K | 10x | as long as short |
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
01 Exchange PAXGUSD