After costs, if the gap returns to its 7d average, $10k−$22
spread now−0.094%7d average−0.062%fees + slippage, in and out−$19spread needed0.191%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PAXG_USDC-PERPETUAL | 4,339.3 | 0 | get 0.0000% / 1h | 32m 58s | $7.9M | $831K | 50x |
| Short | Lighter PAXG | 4,335.2 | 0.0040 | get 0.0005% / 1h | 32m 58s | $1.4M | $696K | 25x |
Deribit PAXG_USDC-PERPETUAL
Lighter 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
- −$9.39
- Funding while held
- $1.2
- Slippage, 4 orders
- −$12.09
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$27.28
- Spread needed to break even
- 0.191%
Slippage from Deribit: live order book, 3 min ago; Lighter: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0040%
- Per $10,000 a day
- +$1.20
- 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 Deribit live order book, 3 min ago | 1.94 bp | 6.5 bp −$7 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 2.02 bp | 2.5 bp −$3 | 6.2 bp −$62 | 25.4 bp −$2,536 | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,331.5cheapestPhemex4,333+0.035%ApeX Omni4,333.2+0.038%Variational Omni4,334.8+0.076%Bitget4,335+0.082%
SunX
Phemex
ApeX Omni
Variational Omni
BitgetLighter4,335.2+0.085%
Hibachi4,335.2+0.085%Extended4,335.6+0.095%Orderly4,335.8+0.099%Binance4,335.8+0.100%Reya4,335.9+0.101%Kraken Futures4,335.9+0.102%dYdX4,336.1+0.106%Bybit4,336.1+0.107%Aster4,336.5+0.115%Hyperliquid4,336.5+0.115%BingX4,337+0.127%Paradex4,337.5+0.138%Backpack4,337.8+0.145%KuCoin4,338.1+0.151%MEXC4,338.3+0.157%Gate4,338.5+0.162%
Hibachi
Extended
Orderly
Binance
Reya
Kraken Futures
dYdX
Bybit
Aster
Hyperliquid
BingX
Paradex
Backpack
KuCoin
MEXC
GateDeribit4,339.3+0.179%
Pacifica4,339.3+0.181%Coinbase International4,342.2+0.248%HTX4,342.5+0.254%01 Exchange4,348.1+0.383%Injective4,361.2+0.686%
Pacifica
Coinbase International
HTX
InjectivePAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.179% | 0.0000% | 4h | $2K | $3.9M | 20x | as long as short |
| Phemex PAXGUSDT | −0.144% | +0.0100% | 4h | $1.5M | $34K | 50x | as long as short |
| ApeX Omni PAXGUSDT | −0.141% | −0.0006% | 1h | $262K | $791K | 50x | as long as short |
| Variational Omni PAXG | −0.103% | +0.0100% | 4h | $12.4M | $70K | — | as long as short |
| Bitget PAXGUSDT | −0.097% | +0.0100% | 4h | $9.1M | $11.6M | 50x | as long as short |
| Lighter PAXGshort | −0.094% | +0.0040% | 1h | $1.4M | $696K | 25x | |
| Hibachi PAXG/USDT-P | −0.093% | −0.0040% | 1h | $44K | $139K | 20x | as long as short |
| Extended PAXG-USD | −0.084% | +0.0104% | 1h | $375K | $1.2M | 25x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.080% | +0.0100% | 4h | $556 | — | 10x | as long as short |
| Binance PAXGUSDT | −0.079% | +0.0100% | 4h | $79.2M | $62.3M | 75x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya PAXGRUSDPERP | −0.078% | +0.0189% | 1h | $20K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.077% | +0.0144% | 1h | $1.3M | $1.0M | 20x | as long as short |
| dYdX PAXG-USD | −0.073% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Bybit PAXGUSDT | −0.072% | +0.0100% | 4h | $15.0M | $3.1M | 75x | as long as short |
| Aster PAXGUSDT | −0.064% | +0.0100% | 4h | $904K | $71K | 50x | as long as short |
| Hyperliquid PAXG | −0.064% | +0.0061% | 1h | $20.2M | $1.6M | 10x | as long as short |
| BingX PAXG-USDT | −0.052% | +0.0100% | 4h | — | $6.7M | — | as long as short |
| Paradex PAXG-USD-PERP | −0.041% | +0.0099% | 8h | $80K | $2.6M | 50x | as long as short |
| Backpack PAXG_USDC_PERP | −0.034% | +0.0100% | 1h | $1.1M | $817K | 50x | as long as short |
| KuCoin PAXGUSDTM | −0.028% | +0.0100% | 4h | $27.0M | $4.8M | 30x | as long as short |
| MEXC PAXG_USDT | −0.022% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| Gate PAXG_USDT | −0.017% | 0.0000% | 8h | $15.9M | $4.2M | 100x | as long as short |
| Deribit PAXG_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $7.9M | $831K | 50x | |
| Pacifica PAXG | +0.001% | +0.0100% | 1h | $1.0M | $428K | 10x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.069% | +0.0240% | 1h | $944K | $1.0M | 50x | as long as short |
| HTX PAXG-USDT | +0.075% | 0.0000% | 4h | $913K | $569K | 75x | as long as short |
| 01 Exchange PAXGUSD | +0.204% | +0.0552% | 1h | $15K | $7K | 10x | as long as short |
| Injective PAXG/USDC PERP | +0.506% | +0.0033% | 1h | $1K | $88K | 30x | as long as short |