After costs, if the gap returns to its 7d average, $10k−$24
spread now−0.029%7d average−0.042%fees + slippage, in and out−$25spread needed0.254%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,345.4 | −0.0017 | get 0.0002% / 1h | 0m 33s | $1.3M | $1.1M | 20x |
| Short | Binance PAXGUSDT | 4,344.1 | 0.0100 | get 0.0050% / 4h | 0m 33s | $79.3M | $66.7M | 75x |
Kraken Futures PF_PAXGUSD
Binance 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
- −$2.94
- Funding while held
- $3.5
- Slippage, 4 orders
- −$5.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$24.84
- Spread needed to break even
- 0.254%
Slippage from Kraken Futures: live order book, 4 min ago; Binance: live order book, 14 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0117%
- Per $10,000 a day
- +$3.50
- 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 Kraken Futures live order book, 4 min ago | 0.81 bp | 8.6 bp −$9 | 14.1 bp −$141 | 41.0 bp −$4,102 | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.01 bp | 5.3 bp −$5 | 6.4 bp −$64 | 9.9 bp −$985 | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,339.3+0.021%Phemex4,342+0.083%Lighter4,343.2+0.109%Bitget4,343.2+0.111%Hyperliquid4,343.5+0.118%Extended4,343.7+0.121%
Injective
SunX
Phemex
Lighter
Bitget
Hyperliquid
ExtendedBinance4,344.1+0.131%
Reya4,344.1+0.131%Paradex4,344.2+0.134%Orderly4,344.2+0.134%ApeX Omni4,344.5+0.141%Variational Omni4,344.6+0.142%Bybit4,344.7+0.146%BingX4,344.8+0.147%Hibachi4,344.9+0.150%
Reya
Paradex
Orderly
ApeX Omni
Variational Omni
Bybit
BingX
HibachiKraken Futures4,345.4+0.160%
Pacifica4,345.4+0.162%Aster4,345.4+0.162%KuCoin4,345.8+0.170%MEXC4,345.8+0.170%Backpack4,345.8+0.171%Gate4,346.1+0.177%dYdX4,346.5+0.186%HTX4,348+0.220%Deribit4,348+0.221%Coinbase International4,349.1+0.247%01 Exchange4,351.3+0.297%
Pacifica
Aster
KuCoin
MEXC
Backpack
Gate
dYdX
HTX
Deribit
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 | −0.160% | −0.0038% | 1h | $1K | $116K | 30x | as long as short |
| SunX PAXG-USDT | −0.139% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.077% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Lighter PAXG | −0.051% | +0.0096% | 1h | $1.4M | $700K | 25x | as long as short |
| Bitget PAXGUSDT | −0.049% | +0.0100% | 4h | $9.1M | $12.2M | 50x | as long as short |
| Hyperliquid PAXG | −0.043% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Extended PAXG-USD | −0.039% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Binance PAXGUSDTshort | −0.029% | +0.0100% | 4h | $79.3M | $66.7M | 75x | |
| Reya PAXGRUSDPERP | −0.029% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| Paradex PAXG-USD-PERP | −0.027% | +0.0100% | 8h | $84K | $3.0M | 50x | as long as short |