After costs, if the gap returns to its 7d average, $10k−$28
spread now−0.056%7d average−0.018%fees + slippage, in and out−$24spread needed0.237%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,342.2 | 0.0051 | pay 0.0006% / 1h | 3m 19s | $1.3M | $1.1M | 20x |
| Short | Hyperliquid PAXG | 4,339.7 | 0.0100 | get 0.0013% / 1h | 3m 19s | $20.3M | $1.7M | 10x |
Kraken Futures PF_PAXGUSD
Hyperliquid PAXGPrice 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
- −$5.65
- Funding while held
- $1.47
- Slippage, 4 orders
- −$4.7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$27.87
- Spread needed to break even
- 0.237%
Slippage from Kraken Futures: live order book, 2 min ago; Hyperliquid: live order book, 11 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, 2 min ago | 0.92 bp | 7.9 bp −$8 | 14.0 bp −$140 | 41.2 bp −$4,117 | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.12 bp | 4.8 bp −$5 | 6.7 bp −$67 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,336cheapestPhemex4,338+0.046%Injective4,338.4+0.055%Lighter4,339.4+0.078%Extended4,339.5+0.081%Bitget4,339.6+0.083%
SunX
Phemex
Injective
Lighter
Extended
BitgetHyperliquid4,339.7+0.085%
Hibachi4,340+0.091%Binance4,340.1+0.094%Paradex4,340.4+0.100%Reya4,340.7+0.108%BingX4,340.7+0.109%Bybit4,341+0.115%ApeX Omni4,341.1+0.117%Orderly4,341.1+0.118%MEXC4,341.2+0.119%Variational Omni4,341.3+0.122%KuCoin4,341.6+0.130%Pacifica4,341.8+0.134%Backpack4,342.1+0.140%
Hibachi
Binance
Paradex
Reya
BingX
Bybit
ApeX Omni
Orderly
MEXC
Variational Omni
KuCoin
Pacifica
BackpackKraken Futures4,342.2+0.142%
Gate4,342.2+0.143%Aster4,342.4+0.148%dYdX4,343.4+0.171%HTX4,344.4+0.193%Deribit4,344.5+0.195%Coinbase International4,346.4+0.240%01 Exchange4,347.1+0.256%
Gate
Aster
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 | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.142% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.096% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Injective PAXG/USDC PERP | −0.086% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| Lighter PAXG | −0.064% | +0.0096% | 1h | $1.4M | $705K | 25x | as long as short |
| Extended PAXG-USD | −0.061% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Bitget PAXGUSDT | −0.059% | +0.0100% | 4h | $9.2M | $12.9M | 50x | as long as short |
| Hyperliquid PAXGshort | −0.056% | +0.0100% | 1h | $20.3M | $1.7M | 10x | |
| Hibachi PAXG/USDT-P | −0.050% | −0.0240% | 1h | $41K | $144K | 20x | as long as short |
| Binance PAXGUSDT | −0.048% | +0.0100% | 4h | $79.4M | $67.6M | 75x | as long as short |
| Paradex PAXG-USD-PERP | −0.041% | +0.0100% | 8h | $84K | $3.6M | 50x | as long as short |