After costs, if the gap returns to its 7d average, $10k−$43
spread now−0.036%7d average−0.009%fees + slippage, in and out−$41spread needed0.405%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,345.1 | −0.0160 | get 0.0020% / 1h | 21m 44s | $41K | $153K | 20x |
| Short | Lighter PAXG | 4,343.5 | 0.0096 | get 0.0012% / 1h | 21m 44s | $1.4M | $705K | 25x |
Hibachi PAXG/USDT-P
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
- −$3.65
- Funding while held
- $7.68
- Slippage, 4 orders
- −$31.51
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$36.48
- Spread needed to break even
- 0.405%
Slippage from Hibachi: live order book, 59 min ago; Lighter: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0256%
- Per $10,000 a day
- +$7.68
- 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, 59 min ago | 0.47 bp | 18.0 bp −$18 | 49.3 bp −$493 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 1.13 bp | 3.3 bp −$3 | 6.7 bp −$67 | 22.0 bp −$2,202 | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,339.5+0.024%Phemex4,342+0.083%
Injective
SunX
PhemexLighter4,343.5+0.118%
Bitget4,344+0.128%Hyperliquid4,344+0.130%Extended4,344.3+0.135%Paradex4,344.5+0.141%Orderly4,344.6+0.143%Binance4,344.7+0.145%Aster4,344.9+0.150%Bybit4,345.1+0.153%
Bitget
Hyperliquid
Extended
Paradex
Orderly
Binance
Aster
BybitHibachi4,345.1+0.155%
Reya4,345.2+0.157%ApeX Omni4,345.4+0.160%Kraken Futures4,345.5+0.163%BingX4,345.6+0.165%MEXC4,345.8+0.170%KuCoin4,346.1+0.177%Pacifica4,346.1+0.177%Backpack4,346.4+0.185%dYdX4,346.9+0.196%Gate4,347+0.198%Variational Omni4,348.3+0.229%Deribit4,348.7+0.237%HTX4,350.7+0.284%Coinbase International4,352.4+0.322%01 Exchange4,352.6+0.327%
Reya
ApeX Omni
Kraken Futures
BingX
MEXC
KuCoin
Pacifica
Backpack
dYdX
Gate
Variational Omni
Deribit
HTX
Coinbase InternationalPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.154% | +0.0033% | 1h | $1K | $65K | 30x | as long as short |
| SunX PAXG-USDT | −0.130% | 0.0000% | 4h | $2K | $4.1M | 20x | as long as short |
| Phemex PAXGUSDT | −0.071% | +0.0100% | 4h | $1.5M | $33K | 50x | as long as short |
| Lighter PAXGshort | −0.036% | +0.0096% | 1h | $1.4M | $705K | 25x | |
| Bitget PAXGUSDT | −0.027% | +0.0100% | 4h | $9.2M | $13.4M | 50x | as long as short |
| Hyperliquid PAXG | −0.024% | +0.0100% | 1h | $20.3M | $1.8M | 10x | as long as short |
| Extended PAXG-USD | −0.019% | +0.0104% | 1h | $376K | $1.2M | 25x | as long as short |
| Paradex PAXG-USD-PERP | −0.014% | +0.0100% | 8h | $84K | $3.9M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.012% | +0.0100% | 4h | $557 | — | 10x | as long as short |
| Binance PAXGUSDT | −0.009% | +0.0100% | 4h | $79.9M | $67.9M | 75x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | −0.004% | +0.0100% | 4h | $905K | $71K | 50x | as long as short |
| Bybit PAXGUSDT | −0.001% | +0.0100% | 4h | $14.9M | $3.6M | 75x | as long as short |
| Hibachi PAXG/USDT-Plong | 0.000% | −0.0160% | 1h | $41K | $153K | 20x | |
| Reya PAXGRUSDPERP | +0.003% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| ApeX Omni PAXGUSDT | +0.006% | +0.0100% | 1h | $263K | $786K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.009% | +0.0106% | 1h | $1.3M | $1.3M | 20x | as long as short |
| BingX PAXG-USDT | +0.010% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| MEXC PAXG_USDT | +0.015% | +0.0100% | 4h | $15.9M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.023% | +0.0100% | 4h | $26.8M | $5.1M | 30x | as long as short |
| Pacifica PAXG | +0.023% | +0.0100% | 1h | $1.0M | $388K | 10x | as long as short |
| Backpack PAXG_USDC_PERP | +0.030% | +0.0100% | 1h | $1.4M | $1.3M | 50x | as long as short |
| dYdX PAXG-USD | +0.042% | 0.0000% | 1h | $101K | $18K | 5x | as long as short |
| Gate PAXG_USDT | +0.044% | 0.0000% | 8h | $15.8M | $4.4M | 100x | as long as short |
| Variational Omni PAXG | +0.075% | +0.0100% | 4h | $12.5M | $88K | — | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.082% | 0.0000% | 1h | $7.9M | $833K | 50x | as long as short |
| HTX PAXG-USDT | +0.129% | 0.0000% | 4h | $910K | $651K | 75x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.168% | +0.0304% | 1h | $971K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.172% | +0.0392% | 1h | $15K | $3K | 10x | as long as short |