After costs, if the gap returns to its 7d average, $10k−$25
spread now−0.053%7d average−0.036%fees + slippage, in and out−$23spread needed0.231%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,349.6 | −0.0017 | get 0.0002% / 1h | 32m 42s | $1.3M | $1.0M | 20x |
| Short | Lighter PAXG | 4,347.3 | 0.0096 | get 0.0012% / 1h | 32m 42s | $1.4M | $696K | 25x |
Kraken Futures PF_PAXGUSD
Lighter 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
- −$5.32
- Funding while held
- $3.38
- Slippage, 4 orders
- −$13.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$25.02
- Spread needed to break even
- 0.231%
Slippage from Kraken Futures: live order book, 2 min ago; Lighter: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0113%
- Per $10,000 a day
- +$3.38
- 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 | 1.72 bp | 10.1 bp −$10 | 12.7 bp −$127 | 39.6 bp −$3,958 | doesn't fit |
| Sell Lighter live order book, 10 min ago | 1.45 bp | 1.5 bp −$2 | 4.4 bp −$44 | 18.4 bp −$1,838 | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestPhemex4,341+0.060%SunX4,344+0.128%ApeX Omni4,346.1+0.177%Variational Omni4,346.2+0.181%dYdX4,346.5+0.187%Bitget4,346.9+0.196%Extended4,347+0.198%Binance4,347.2+0.202%Hyperliquid4,347.3+0.205%
Injective
Phemex
SunX
ApeX Omni
Variational Omni
dYdX
Bitget
Extended
Binance
HyperliquidLighter4,347.3+0.205%
Coinbase International4,348.1+0.224%Aster4,348.1+0.225%Reya4,348.2+0.226%BingX4,348.3+0.228%Bybit4,348.4+0.231%Paradex4,348.6+0.235%Hibachi4,348.7+0.237%Gate4,349+0.244%Orderly4,349+0.244%MEXC4,349.2+0.248%KuCoin4,349.3+0.251%
Coinbase International
Aster
Reya
BingX
Bybit
Paradex
Hibachi
Gate
Orderly
MEXC
KuCoinKraken Futures4,349.6+0.258%
Pacifica4,349.7+0.261%Backpack4,350+0.268%Deribit4,352+0.314%HTX4,352.1+0.316%01 Exchange4,359.5+0.486%
Pacifica
Backpack
Deribit
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 | −0.258% | −0.0038% | 1h | $1K | $116K | 30x | as long as short |
| Phemex PAXGUSDT | −0.198% | +0.0100% | 4h | $1.5M | $35K | 50x | as long as short |
| SunX PAXG-USDT | −0.130% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.081% | +0.0100% | 1h | $263K | $791K | 50x | as long as short |
| Variational Omni PAXG | −0.078% | +0.0100% | 4h | $12.5M | $80K | — | as long as short |
| dYdX PAXG-USD | −0.071% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Bitget PAXGUSDT | −0.062% | +0.0100% | 4h | $9.1M | $12.1M | 50x | as long as short |
| Extended PAXG-USD | −0.060% | +0.0104% | 1h | $375K | $1.2M | 25x | as long as short |
| Binance PAXGUSDT | −0.056% | +0.0100% | 4h | $79.5M | $65.7M | 75x | as long as short |
| Hyperliquid PAXG | −0.053% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter PAXGshort | −0.053% | +0.0096% | 1h | $1.4M | $696K | 25x | |
| Coinbase International PAXG-PERP-INTX | −0.034% | +0.0248% | 1h | $981K | $1.1M | 50x | as long as short |
| Aster PAXGUSDT | −0.034% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
| Reya PAXGRUSDPERP | −0.032% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| BingX PAXG-USDT | −0.030% | +0.0100% | 4h | — | $6.7M | — | as long as short |
| Bybit PAXGUSDT | −0.027% | +0.0100% | 4h | $15.1M | $3.3M | 75x | as long as short |
| Paradex PAXG-USD-PERP | −0.024% | +0.0099% | 8h | $85K | $2.7M | 50x | as long as short |
| Hibachi PAXG/USDT-P | −0.022% | −0.0120% | 1h | $41K | $142K | 20x | as long as short |
| Gate PAXG_USDT | −0.014% | 0.0000% | 8h | $15.8M | $4.4M | 100x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.014% | +0.0100% | 4h | $558 | — | 10x | as long as short |
| MEXC PAXG_USDT | −0.010% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | −0.008% | +0.0100% | 4h | $26.7M | $4.9M | 30x | as long as short |
| Kraken Futures PF_PAXGUSDlong | 0.000% | −0.0017% | 1h | $1.3M | $1.0M | 20x | |
| Pacifica PAXG | +0.003% | +0.0100% | 1h | $1.0M | $407K | 10x | as long as short |
| Backpack PAXG_USDC_PERP | +0.010% | +0.0100% | 1h | $1.1M | $1.1M | 50x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.055% | 0.0000% | 1h | $7.9M | $832K | 50x | as long as short |
| HTX PAXG-USDT | +0.057% | 0.0000% | 4h | $915K | $605K | 75x | as long as short |
| 01 Exchange PAXGUSD | +0.227% | +0.0768% | 1h | $15K | $7K | 10x | as long as short |