After costs, if the gap returns to its 7d average, $10k−$30
spread now+0.025%7d average+0.045%fees + slippage, in and out−$28spread needed0.275%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PAXG | 4,347.7 | 0.0100 | pay 0.0013% / 1h | 8m 30s | $20.3M | $1.7M | 10x |
| Short | Deribit PAXG_USDC-PERPETUAL | 4,348.8 | 0 | get 0.0000% / 1h | 8m 30s | $7.9M | $832K | 50x |
Hyperliquid PAXG
Deribit PAXG_USDC-PERPETUALPrice 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
- $2.46
- Funding while held
- −$3
- Slippage, 4 orders
- −$11.51
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$28.05
- Spread needed to break even
- 0.275%
Slippage from Hyperliquid: live order book, 6 min ago; Deribit: live order book, 2 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 Hyperliquid live order book, 6 min ago | 0.12 bp | 5.9 bp −$6 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 4.55 bp | 8.5 bp −$8 | 14.0 bp −$140 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,341+0.059%Phemex4,341+0.060%Orderly4,345.3+0.159%Kraken Futures4,346.2+0.179%Reya4,346.4+0.185%Extended4,346.4+0.185%dYdX4,346.5+0.186%ApeX Omni4,346.6+0.188%Lighter4,346.6+0.189%Bitget4,346.7+0.192%Hibachi4,346.8+0.193%Binance4,347+0.199%Paradex4,347.1+0.201%Variational Omni4,347.2+0.202%Backpack4,347.4+0.207%
Injective
SunX
Phemex
Orderly
Kraken Futures
Reya
Extended
dYdX
ApeX Omni
Lighter
Bitget
Hibachi
Binance
Paradex
Variational Omni
BackpackHyperliquid4,347.7+0.214%
MEXC4,348+0.220%BingX4,348+0.221%Bybit4,348.5+0.233%
MEXC
BingX
BybitDeribit4,348.8+0.239%
KuCoin4,348.8+0.240%Pacifica4,349.1+0.247%Gate4,349.6+0.258%Aster4,350+0.267%Coinbase International4,351.2+0.295%HTX4,352.4+0.323%01 Exchange4,355+0.383%
KuCoin
Pacifica
Gate
Aster
Coinbase International
HTXPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.214% | −0.0038% | 1h | $1K | $116K | 30x | as long as short |
| SunX PAXG-USDT | −0.155% | 0.0000% | 4h | $1K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.154% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.055% | +0.0100% | 4h | $558 | — | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.035% | −0.0017% | 1h | $1.3M | $1.0M | 20x | as long as short |
| Reya PAXGRUSDPERP | −0.029% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| Extended PAXG-USD | −0.029% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| dYdX PAXG-USD | −0.028% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| ApeX Omni PAXGUSDT | −0.026% | +0.0100% | 1h | $263K | $790K | 50x | as long as short |
| Lighter PAXG | −0.025% | +0.0096% | 1h | $1.4M | $700K | 25x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget PAXGUSDT | −0.023% | +0.0100% | 4h | $9.1M | $12.2M | 50x | as long as short |
| Hibachi PAXG/USDT-P | −0.022% | −0.0080% | 1h | $41K | $143K | 20x | as long as short |
| Binance PAXGUSDT | −0.016% | +0.0100% | 4h | $79.4M | $66.3M | 75x | as long as short |
| Paradex PAXG-USD-PERP | −0.013% | +0.0100% | 8h | $86K | $2.9M | 50x | as long as short |
| Variational Omni PAXG | −0.013% | +0.0100% | 4h | $12.5M | $85K | — | as long as short |
| Backpack PAXG_USDC_PERP | −0.007% | +0.0100% | 1h | $1.1M | $1.1M | 50x | as long as short |
| Hyperliquid PAXGlong | 0.000% | +0.0100% | 1h | $20.3M | $1.7M | 10x | |
| MEXC PAXG_USDT | +0.006% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| BingX PAXG-USDT | +0.006% | +0.0100% | 4h | — | $6.7M | — | as long as short |
| Bybit PAXGUSDT | +0.019% | +0.0100% | 4h | $15.0M | $3.3M | 75x | as long as short |
| Deribit PAXG_USDC-PERPETUALshort | +0.025% | 0.0000% | 1h | $7.9M | $832K | 50x | |
| KuCoin PAXGUSDTM | +0.025% | +0.0100% | 4h | $26.7M | $5.0M | 30x | as long as short |
| Pacifica PAXG | +0.032% | +0.0100% | 1h | $1.0M | $406K | 10x | as long as short |
| Gate PAXG_USDT | +0.044% | 0.0000% | 8h | $15.8M | $4.4M | 100x | as long as short |
| Aster PAXGUSDT | +0.053% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.080% | +0.0248% | 1h | $973K | $1.1M | 50x | as long as short |
| HTX PAXG-USDT | +0.108% | 0.0000% | 4h | $917K | $611K | 75x | as long as short |
| 01 Exchange PAXGUSD | +0.168% | +0.0648% | 1h | $15K | $7K | 10x | as long as short |