After costs, if the gap returns to its 7d average, $10k−$28
spread now−0.018%7d average−0.005%fees + slippage, in and out−$26spread needed0.265%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,350.3 | 0.0051 | pay 0.0006% / 1h | 41m 57s | $1.3M | $1.1M | 20x |
| Short | BingX PAXG-USDT | 4,349.5 | 0.0100 | get 0.0050% / 4h | 3h 41m | — | $6.8M | — |
Kraken Futures PF_PAXGUSD
BingX PAXG-USDTPrice 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
- −$1.79
- Funding while held
- $1.47
- Slippage, 4 orders
- −$6.46
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$26.78
- Spread needed to break even
- 0.265%
Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0049%
- Per $10,000 a day
- +$1.47
- 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, 3 min ago | 0.57 bp | 6.9 bp −$7 | 11.2 bp −$112 | 38.5 bp −$3,847 | doesn't fit |
| Sell BingX live order book, 2 min ago | 0.09 bp | 5.1 bp −$5 | 5.3 bp −$53 | 9.2 bp −$920 | 24.7 bp −$12.3K |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,345.7+0.169%Phemex4,347+0.198%Lighter4,348.3+0.228%Extended4,348.4+0.230%Hyperliquid4,348.7+0.238%Bitget4,348.8+0.240%Binance4,349.1+0.247%
Injective
SunX
Phemex
Lighter
Extended
Hyperliquid
Bitget
BinanceBingX4,349.5+0.256%
MEXC4,350+0.267%ApeX Omni4,350+0.268%Aster4,350+0.268%Bybit4,350+0.268%
MEXC
ApeX Omni
Aster
BybitKraken Futures4,350.3+0.274%
Hibachi4,350.5+0.278%Orderly4,350.5+0.279%Paradex4,350.5+0.280%KuCoin4,350.5+0.280%Variational Omni4,350.6+0.282%Reya4,350.9+0.287%dYdX4,351.1+0.292%Pacifica4,351.2+0.294%Gate4,351.2+0.295%Backpack4,351.3+0.297%Deribit4,353.7+0.352%HTX4,354.1+0.362%Coinbase International4,354.8+0.378%01 Exchange4,356.1+0.408%
Hibachi
Orderly
Paradex
KuCoin
Variational Omni
Reya
dYdX
Pacifica
Gate
Backpack
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 | −0.273% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| SunX PAXG-USDT | −0.104% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.075% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Lighter PAXG | −0.045% | +0.0096% | 1h | $1.4M | $700K | 25x | as long as short |
| Extended PAXG-USD | −0.044% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Hyperliquid PAXG | −0.036% | +0.0100% | 1h | $20.4M | $1.7M | 10x | as long as short |
| Bitget PAXGUSDT | −0.033% | +0.0100% | 4h | $9.1M | $12.5M | 50x | as long as short |
| Binance PAXGUSDT | −0.026% | +0.0100% | 4h | $79.6M | $67.0M | 75x | as long as short |
| BingX PAXG-USDTshort | −0.018% | +0.0100% | 4h | — | $6.8M | — | |
| MEXC PAXG_USDT | −0.007% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |