After costs, if the gap returns to its 7d average, $10k−$25
spread now−0.084%7d average−0.067%fees + slippage, in and out−$23spread needed0.232%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PAXG_USDT | 4,364.3 | 0 | get 0.0000% / 8h | 2h 33m | $16.0M | $3.8M | 100x |
| Short | Lighter PAXG | 4,360.6 | 0.0096 | get 0.0012% / 1h | 33m 10s | $1.4M | $678K | 25x |
Gate PAXG_USDT
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
- −$8.43
- Funding while held
- $2.88
- Slippage, 4 orders
- −$8.24
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$28.79
- Spread needed to break even
- 0.232%
Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0096%
- Per $10,000 a day
- +$2.88
- 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 Gate live order book, 2 min ago | 0.92 bp | 10.2 bp −$10 | 13.3 bp −$133 | 26.7 bp −$2,666 | 60.5 bp −$30.2K |
| Sell Lighter live order book, 5 min ago | 1.47 bp | 1.5 bp −$2 | 5.9 bp −$59 | 24.2 bp −$2,420 | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,357.6cheapestCoinbase International4,358.4+0.017%Variational Omni4,359.4+0.039%Bitget4,360.4+0.063%
SunX
Coinbase International
Variational Omni
BitgetLighter4,360.6+0.068%
Extended4,360.9+0.074%Binance4,360.9+0.075%dYdX4,361+0.078%Hibachi4,361.2+0.081%Injective4,361.2+0.082%Kraken Futures4,361.5+0.088%ApeX Omni4,361.5+0.089%Hyperliquid4,361.7+0.093%Reya4,361.8+0.095%Phemex4,362+0.100%Bybit4,362.4+0.109%MEXC4,362.4+0.109%Orderly4,362.6+0.114%Paradex4,362.7+0.115%Backpack4,362.9+0.121%Aster4,363.1+0.125%BingX4,363.6+0.137%KuCoin4,363.8+0.140%
Extended
Binance
dYdX
Hibachi
Injective
Kraken Futures
ApeX Omni
Hyperliquid
Reya
Phemex
Bybit
MEXC
Orderly
Paradex
Backpack
Aster
BingX
KuCoinGate4,364.3+0.153%
Pacifica4,364.5+0.158%Deribit4,365+0.169%HTX4,367+0.214%01 Exchange4,373.7+0.369%
Pacifica
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 | −0.153% | 0.0000% | 4h | $2K | $3.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | −0.136% | +0.0256% | 1h | $981K | $459K | 50x | as long as short |
| Variational Omni PAXG | −0.113% | +0.0100% | 4h | $12.5M | $71K | — | as long as short |
| Bitget PAXGUSDT | −0.089% | +0.0100% | 4h | $9.1M | $10.2M | 50x | as long as short |
| Lighter PAXGshort | −0.084% | +0.0096% | 1h | $1.4M | $678K | 25x | |
| Extended PAXG-USD | −0.079% | +0.0104% | 1h | $378K | $1.2M | 25x | as long as short |
| Binance PAXGUSDT | −0.078% | +0.0100% | 4h | $78.8M | $55.1M | 75x | as long as short |
| dYdX PAXG-USD | −0.075% | 0.0000% | 1h | $102K | $18K | 5x | as long as short |
| Hibachi PAXG/USDT-P | −0.072% | +0.0320% | 1h | $44K | $139K | 20x | as long as short |
| Injective PAXG/USDC PERP | −0.071% | +0.0033% | 1h | $1K | $117K | 30x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PAXGUSD | −0.064% | +0.0201% | 1h | $1.3M | $1.0M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.064% | +0.0100% | 1h | $264K | $790K | 50x | as long as short |
| Hyperliquid PAXG | −0.060% | +0.0100% | 1h | $20.4M | $1.5M | 10x | as long as short |
| Reya PAXGRUSDPERP | −0.058% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| Phemex PAXGUSDT | −0.053% | +0.0100% | 4h | $1.5M | $24K | 50x | as long as short |
| Bybit PAXGUSDT | −0.044% | +0.0100% | 4h | $15.2M | $2.7M | 75x | as long as short |
| MEXC PAXG_USDT | −0.044% | +0.0100% | 4h | $16.3M | $1.1M | 100x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.039% | +0.0100% | 4h | $560 | — | 10x | as long as short |
| Paradex PAXG-USD-PERP | −0.037% | +0.0100% | 8h | $87K | $2.1M | 50x | as long as short |
| Backpack PAXG_USDC_PERP | −0.032% | +0.0100% | 1h | $1.1M | $748K | 50x | as long as short |
| Aster PAXGUSDT | −0.028% | +0.0100% | 4h | $902K | $63K | 50x | as long as short |
| BingX PAXG-USDT | −0.016% | +0.0100% | 4h | — | $6.7M | — | as long as short |
| KuCoin PAXGUSDTM | −0.012% | +0.0100% | 4h | $27.6M | $4.4M | 30x | as long as short |
| Gate PAXG_USDTlong | 0.000% | 0.0000% | 8h | $16.0M | $3.8M | 100x | |
| Pacifica PAXG | +0.005% | +0.0100% | 1h | $1.0M | $399K | 10x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.016% | 0.0000% | 1h | $7.9M | $814K | 50x | as long as short |
| HTX PAXG-USDT | +0.061% | 0.0000% | 4h | $918K | $516K | 75x | as long as short |
| 01 Exchange PAXGUSD | +0.215% | +0.0816% | 1h | $15K | $8K | 10x | as long as short |