After costs, if the gap returns to its 7d average, $10k−$63
spread now−0.038%7d average+0.001%fees + slippage, in and out−$59spread needed0.593%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PAXG-USD | 4,348.7 | 0.0104 | pay 0.0013% / 1h | 43m 47s | $377K | $1.2M | 25x |
| Short | Phemex PAXGUSDT | 4,347 | 0.0100 | get 0.0050% / 4h | 3h 43m | $1.5M | $36K | 50x |
Extended PAXG-USD
Phemex PAXGUSDTPrice 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
- −$3.84
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$42.27
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$63.23
- Spread needed to break even
- 0.593%
Slippage from Extended: live order book, 1 min ago; Phemex: live order book, just now.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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 Extended live order book, 1 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Phemex live order book, just now | 5.75 bp | 29.8 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,344.7+0.146%
Injective
SunXPhemex4,347+0.198%
Lighter4,348.3+0.227%Hibachi4,348.3+0.229%Paradex4,348.5+0.233%Bitget4,348.7+0.236%
Lighter
Hibachi
Paradex
BitgetExtended4,348.7+0.237%
Hyperliquid4,348.7+0.237%Reya4,348.8+0.241%Binance4,349.1+0.246%Pacifica4,349.2+0.249%Aster4,349.2+0.250%Orderly4,349.3+0.251%Bybit4,349.7+0.260%BingX4,349.8+0.263%MEXC4,349.9+0.264%ApeX Omni4,350+0.268%Gate4,350.1+0.270%KuCoin4,350.5+0.279%Variational Omni4,350.6+0.282%Kraken Futures4,350.9+0.287%dYdX4,351.1+0.292%Backpack4,351.5+0.301%Coinbase International4,352.2+0.318%HTX4,352.5+0.325%Deribit4,353.4+0.346%01 Exchange4,355.2+0.387%
Hyperliquid
Reya
Binance
Pacifica
Aster
Orderly
Bybit
BingX
MEXC
ApeX Omni
Gate
KuCoin
Variational Omni
Kraken Futures
dYdX
Backpack
Coinbase International
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 | −0.236% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| SunX PAXG-USDT | −0.091% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDTshort | −0.038% | +0.0100% | 4h | $1.5M | $36K | 50x | |
| Lighter PAXG | −0.009% | +0.0096% | 1h | $1.4M | $700K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.007% | −0.0120% | 1h | $41K | $144K | 20x | as long as short |
| Paradex PAXG-USD-PERP | −0.004% | +0.0100% | 8h | $84K | $3.2M | 50x | as long as short |
| Bitget PAXGUSDT | 0.000% | +0.0100% | 4h | $9.1M | $12.5M | 50x | as long as short |
| Extended PAXG-USDlong | 0.000% | +0.0104% | 1h | $377K | $1.2M | 25x | |
| Hyperliquid PAXG | +0.001% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Reya PAXGRUSDPERP | +0.004% | +0.0189% | 1h | $21K | — | 100x | as long as short |