After costs, if the gap returns to its 7d average, $10k−$50
spread now−0.042%7d average+0.021%fees + slippage, in and out−$44spread needed0.436%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,338.7 | −0.0096 | get 0.0012% / 1h | 24m 59s | $42K | $141K | 20x |
| Short | BingX PAXG-USDT | 4,336.9 | 0.0100 | get 0.0050% / 4h | 1h 24m | — | $6.8M | — |
Hibachi PAXG/USDT-P
BingX PAXG-USDTPrice 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
- −$4.16
- Funding while held
- $5.88
- Slippage, 4 orders
- −$24.6
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$41.88
- Spread needed to break even
- 0.436%
Slippage from Hibachi: live order book, 10 min ago; BingX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0196%
- Per $10,000 a day
- +$5.88
- 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 Hibachi live order book, 10 min ago | 0.01 bp | 18.7 bp −$19 | 53.2 bp −$532 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 0.17 bp | 5.2 bp −$5 | 5.4 bp −$54 | 8.9 bp −$888 | 21.7 bp −$10.8K |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,331.8cheapestBitget4,333.9+0.047%Phemex4,334+0.050%Extended4,334.5+0.062%Binance4,334.7+0.066%Lighter4,335.2+0.077%Hyperliquid4,336.2+0.101%ApeX Omni4,336.2+0.101%Kraken Futures4,336.4+0.105%Reya4,336.4+0.106%Variational Omni4,336.8+0.115%
SunX
Bitget
Phemex
Extended
Binance
Lighter
Hyperliquid
ApeX Omni
Kraken Futures
Reya
Variational OmniBingX4,336.9+0.118%
Backpack4,337+0.121%Bybit4,337.1+0.123%Orderly4,337.2+0.124%Paradex4,337.7+0.135%KuCoin4,338+0.144%
Backpack
Bybit
Orderly
Paradex
KuCoinHibachi4,338.7+0.159%
Gate4,338.9+0.163%MEXC4,339.2+0.171%Deribit4,339.2+0.171%Aster4,339.4+0.176%dYdX4,339.9+0.186%Pacifica4,341.3+0.219%Coinbase International4,341.7+0.227%HTX4,344.4+0.289%01 Exchange4,350.1+0.422%Injective4,361.2+0.678%
Gate
MEXC
Deribit
Aster
dYdX
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 | −0.159% | 0.0000% | 4h | $2K | $4.0M | 20x | as long as short |
| Bitget PAXGUSDT | −0.112% | +0.0100% | 4h | $9.1M | $11.6M | 50x | as long as short |
| Phemex PAXGUSDT | −0.109% | +0.0100% | 4h | $1.5M | $34K | 50x | as long as short |
| Extended PAXG-USD | −0.097% | +0.0104% | 1h | $375K | $1.2M | 25x | as long as short |
| Binance PAXGUSDT | −0.093% | +0.0100% | 4h | $78.9M | $62.8M | 75x | as long as short |
| Lighter PAXG | −0.082% | +0.0024% | 1h | $1.4M | $699K | 25x | as long as short |
| Hyperliquid PAXG | −0.058% | +0.0057% | 1h | $20.2M | $1.6M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.058% | +0.0017% | 1h | $262K | $790K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.054% | +0.0144% | 1h | $1.3M | $1.0M | 20x | as long as short |
| Reya PAXGRUSDPERP | −0.053% | +0.0189% | 1h | $21K | — | 100x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PAXG | −0.044% | +0.0100% | 4h | $12.4M | $70K | — | as long as short |
| BingX PAXG-USDTshort | −0.042% | +0.0100% | 4h | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | −0.039% | +0.0100% | 1h | $1.1M | $826K | 50x | as long as short |
| Bybit PAXGUSDT | −0.036% | +0.0100% | 4h | $15.0M | $3.1M | 75x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.035% | +0.0100% | 4h | $557 | — | 10x | as long as short |
| Paradex PAXG-USD-PERP | −0.024% | +0.0099% | 8h | $84K | $2.6M | 50x | as long as short |
| KuCoin PAXGUSDTM | −0.016% | +0.0100% | 4h | $26.7M | $4.8M | 30x | as long as short |
| Hibachi PAXG/USDT-Plong | 0.000% | −0.0096% | 1h | $42K | $141K | 20x | |
| Gate PAXG_USDT | +0.004% | 0.0000% | 8h | $15.8M | $4.2M | 100x | as long as short |
| MEXC PAXG_USDT | +0.012% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.012% | 0.0000% | 1h | $7.9M | $831K | 50x | as long as short |
| Aster PAXGUSDT | +0.017% | +0.0100% | 4h | $904K | $71K | 50x | as long as short |
| dYdX PAXG-USD | +0.026% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Pacifica PAXG | +0.060% | +0.0100% | 1h | $1.0M | $409K | 10x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.068% | +0.0240% | 1h | $941K | $1.0M | 50x | as long as short |
| HTX PAXG-USDT | +0.130% | 0.0000% | 4h | $913K | $578K | 75x | as long as short |
| 01 Exchange PAXGUSD | +0.262% | +0.0616% | 1h | $15K | $7K | 10x | as long as short |
| Injective PAXG/USDC PERP | +0.518% | +0.0033% | 1h | $1K | $88K | 30x | as long as short |