After costs, if the gap returns to its 7d average, $10k−$67
spread now−0.094%7d average−0.110%fees + slippage, in and out−$68spread needed0.685%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PAXG_USDT | 4,341.1 | 0 | get 0.0000% / 8h | 7h 00m | $15.7M | $4.4M | 100x |
| Short | Phemex PAXGUSDT | 4,337 | 0.0100 | get 0.0050% / 4h | 3h 00m | $1.5M | $36K | 50x |
Gate PAXG_USDT
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
- −$9.44
- Funding while held
- $3
- Slippage, 4 orders
- −$41.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$74.92
- Spread needed to break even
- 0.685%
Slippage from Gate: live order book, 5 min ago; Phemex: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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, 5 min ago | 0.58 bp | 8.3 bp −$8 | 11.1 bp −$111 | 22.9 bp −$2,291 | 57.0 bp −$28.5K |
| Sell Phemex live order book, 4 min ago | 5.76 bp | 22.9 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,334.6cheapest
SunXPhemex4,337+0.055%
Lighter4,337.8+0.073%Extended4,338+0.078%Injective4,338.4+0.087%Bitget4,338.7+0.093%Hyperliquid4,338.7+0.094%Hibachi4,338.8+0.096%Binance4,338.9+0.098%Reya4,339.2+0.105%Paradex4,339.2+0.106%Orderly4,339.7+0.117%Bybit4,339.9+0.122%ApeX Omni4,339.9+0.122%BingX4,340.1+0.126%Variational Omni4,340.2+0.130%Aster4,340.6+0.138%KuCoin4,340.8+0.142%MEXC4,340.8+0.142%Pacifica4,341+0.147%
Lighter
Extended
Injective
Bitget
Hyperliquid
Hibachi
Binance
Reya
Paradex
Orderly
Bybit
ApeX Omni
BingX
Variational Omni
Aster
KuCoin
MEXC
PacificaGate4,341.1+0.149%
Backpack4,341.3+0.155%Kraken Futures4,341.4+0.156%Deribit4,342.9+0.191%dYdX4,343.4+0.203%Coinbase International4,344.3+0.224%HTX4,344.9+0.237%01 Exchange4,346.3+0.269%
Backpack
Kraken Futures
Deribit
dYdX
Coinbase International
HTXPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.149% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDTshort | −0.094% | +0.0100% | 4h | $1.5M | $36K | 50x | |
| Lighter PAXG | −0.076% | +0.0096% | 1h | $1.4M | $705K | 25x | as long as short |
| Extended PAXG-USD | −0.072% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Injective PAXG/USDC PERP | −0.062% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| Bitget PAXGUSDT | −0.056% | +0.0100% | 4h | $9.2M | $12.9M | 50x | as long as short |
| Hyperliquid PAXG | −0.055% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.054% | −0.0264% | 1h | $41K | $146K | 20x | as long as short |
| Binance PAXGUSDT | −0.052% | +0.0100% | 4h | $79.4M | $67.6M | 75x | as long as short |
| Reya PAXGRUSDPERP | −0.044% | +0.0189% | 1h | $21K | — | 100x | as long as short |