After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.016%7d average+0.008%fees + slippage, in and out−$26spread needed0.263%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PAXG | 4,330.9 | 0.0100 | pay 0.0013% / 1h | 51m 45s | $20.2M | $1.6M | 10x |
| Short | Bybit PAXGUSDT | 4,331.6 | 0.0100 | get 0.0050% / 4h | 1h 51m | $14.9M | $3.0M | 75x |
Hyperliquid PAXG
Bybit 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
- $1.62
- Funding while held
- $0
- Slippage, 4 orders
- −$6.33
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$24.72
- Spread needed to break even
- 0.263%
Slippage from Hyperliquid: live order book, 3 min ago; Bybit: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Hyperliquid live order book, 3 min ago | 0.23 bp | 5.1 bp −$5 | 6.9 bp −$69 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.12 bp | 7.9 bp −$8 | 12.5 bp −$125 | 35.3 bp −$3,529 | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,323.8cheapestHibachi4,324+0.004%Paradex4,324.9+0.024%Orderly4,325.8+0.046%Phemex4,326+0.050%Reya4,326.2+0.055%Kraken Futures4,326.8+0.069%ApeX Omni4,326.9+0.071%Pacifica4,327.9+0.094%Extended4,328.5+0.108%BingX4,328.7+0.113%dYdX4,328.8+0.114%Aster4,328.8+0.115%Lighter4,329.4+0.128%Coinbase International4,330+0.143%Deribit4,330.6+0.157%
SunX
Hibachi
Paradex
Orderly
Phemex
Reya
Kraken Futures
ApeX Omni
Pacifica
Extended
BingX
dYdX
Aster
Lighter
Coinbase International
DeribitHyperliquid4,330.9+0.164%
Gate4,331.2+0.171%MEXC4,331.2+0.171%Backpack4,331.4+0.175%HTX4,331.5+0.178%Bitget4,331.6+0.179%
Gate
MEXC
Backpack
HTX
BitgetBybit4,331.6+0.180%
Binance4,331.7+0.182%KuCoin4,331.9+0.187%01 Exchange4,335.3+0.266%Variational Omni4,336.8+0.301%Injective4,361.2+0.865%
Binance
KuCoin
Variational Omni
InjectivePAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.163% | 0.0000% | 4h | $2K | $3.7M | 20x | as long as short |
| Hibachi PAXG/USDT-P | −0.160% | +0.0096% | 1h | $44K | $139K | 20x | as long as short |
| Paradex PAXG-USD-PERP | −0.139% | +0.0100% | 8h | $84K | $2.5M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.118% | +0.0100% | 4h | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | −0.113% | +0.0100% | 4h | $1.5M | $33K | 50x | as long as short |
| Reya PAXGRUSDPERP | −0.109% | +0.0189% | 1h | $20K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.094% | +0.0144% | 1h | $1.3M | $988K | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.092% | −0.0314% | 1h | $262K | $791K | 50x | as long as short |
| Pacifica PAXG | −0.069% | +0.0100% | 1h | $1.0M | $429K | 10x | as long as short |
| Extended PAXG-USD | −0.055% | +0.0104% | 1h | $375K | $1.2M | 25x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX PAXG-USDT | −0.051% | +0.0100% | 4h | — | $6.7M | — | as long as short |
| dYdX PAXG-USD | −0.049% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Aster PAXGUSDT | −0.049% | +0.0100% | 4h | $902K | $70K | 50x | as long as short |
| Lighter PAXG | −0.036% | +0.0080% | 1h | $1.4M | $689K | 25x | as long as short |
| Coinbase International PAXG-PERP-INTX | −0.021% | +0.0240% | 1h | $819K | $805K | 50x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | −0.006% | 0.0000% | 1h | $7.9M | $831K | 50x | as long as short |
| Hyperliquid PAXGlong | 0.000% | +0.0100% | 1h | $20.2M | $1.6M | 10x | |
| Gate PAXG_USDT | +0.007% | 0.0000% | 8h | $15.9M | $4.1M | 100x | as long as short |
| MEXC PAXG_USDT | +0.007% | +0.0100% | 4h | $16.1M | $1.2M | 100x | as long as short |
| Backpack PAXG_USDC_PERP | +0.011% | +0.0100% | 1h | $1.1M | $779K | 50x | as long as short |
| HTX PAXG-USDT | +0.014% | 0.0000% | 4h | $911K | $560K | 75x | as long as short |
| Bitget PAXGUSDT | +0.015% | +0.0100% | 4h | $9.1M | $11.4M | 50x | as long as short |
| Bybit PAXGUSDTshort | +0.016% | +0.0100% | 4h | $14.9M | $3.0M | 75x | |
| Binance PAXGUSDT | +0.018% | +0.0100% | 4h | $78.4M | $60.2M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.023% | +0.0100% | 4h | $26.9M | $4.7M | 30x | as long as short |
| 01 Exchange PAXGUSD | +0.102% | +0.0904% | 1h | $15K | $7K | 10x | as long as short |
| Variational Omni PAXG | +0.137% | +0.0100% | 4h | $12.5M | $66K | — | as long as short |
| Injective PAXG/USDC PERP | +0.700% | +0.0033% | 1h | $1K | $88K | 30x | as long as short |