After costs, if the gap returns to its 7d average, $10k−$12
spread now+0.200%7d average+0.082%fees + slippage, in and out−$23spread needed0.234%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PAXG | 4,346.1 | 0.0100 | pay 0.0013% / 1h | 23m 15s | $20.4M | $1.7M | 10x |
| Short | Coinbase International PAXG-PERP-INTX | 4,354.8 | 0.0256 | get 0.0032% / 1h | 23m 15s | $971K | $1.1M | 50x |
Hyperliquid PAXG
Coinbase International PAXG-PERP-INTXPrice 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
- $19.97
- Funding while held
- $4.68
- Slippage, 4 orders
- −$4.36
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $1.29
- Spread needed to break even
- 0.234%
Slippage from Hyperliquid: live order book, 11 min ago; Coinbase International: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0156%
- Per $10,000 a day
- +$4.68
- 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 Hyperliquid live order book, 11 min ago | 0.12 bp | 6.0 bp −$6 | 7.2 bp −$72 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 1.37 bp | 6.4 bp −$6 | 10.6 bp −$106 | 160.2 bp −$16.0K | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,341.3+0.066%Phemex4,344+0.129%Lighter4,345+0.152%Extended4,345.1+0.155%Bitget4,345.6+0.165%Binance4,345.7+0.169%
Injective
SunX
Phemex
Lighter
Extended
Bitget
BinanceHyperliquid4,346.1+0.177%
Reya4,346.4+0.185%ApeX Omni4,346.8+0.194%BingX4,346.9+0.196%Paradex4,347+0.198%Bybit4,347.2+0.202%Orderly4,347.3+0.205%dYdX4,347.3+0.206%Kraken Futures4,347.6+0.212%MEXC4,347.9+0.219%Hibachi4,347.9+0.219%KuCoin4,347.9+0.220%Aster4,348+0.222%Variational Omni4,348+0.222%Pacifica4,348.2+0.227%Backpack4,348.3+0.227%Gate4,348.4+0.230%Deribit4,349.9+0.265%HTX4,350.9+0.288%
Reya
ApeX Omni
BingX
Paradex
Bybit
Orderly
dYdX
Kraken Futures
MEXC
Hibachi
KuCoin
Aster
Variational Omni
Pacifica
Backpack
Gate
Deribit
HTXCoinbase International4,354.8+0.378%
01 Exchange4,354.9+0.380%PAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.177% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| SunX PAXG-USDT | −0.111% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.048% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Lighter PAXG | −0.026% | +0.0096% | 1h | $1.4M | $701K | 25x | as long as short |
| Extended PAXG-USD | −0.022% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Bitget PAXGUSDT | −0.012% | +0.0100% | 4h | $9.2M | $12.7M | 50x | as long as short |
| Binance PAXGUSDT | −0.009% | +0.0100% | 4h | $79.6M | $67.4M | 75x | as long as short |
| Hyperliquid PAXGlong | 0.000% | +0.0100% | 1h | $20.4M | $1.7M | 10x | |
| Reya PAXGRUSDPERP | +0.007% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| ApeX Omni PAXGUSDT | +0.017% | +0.0100% | 1h | $263K | $792K | 50x | as long as short |