After costs, if the gap returns to its 7d average, $10k−$30
spread now−0.026%7d average−0.036%fees + slippage, in and out−$31spread needed0.311%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PAXGUSDTM | 4,342.7 | 0.0100 | pay 0.0050% / 4h | 1h 29m | $27.0M | $4.8M | 30x |
| Short | Bybit PAXGUSDT | 4,341.6 | 0.0100 | get 0.0050% / 4h | 1h 29m | $15.0M | $3.1M | 75x |
KuCoin PAXGUSDTM
Bybit 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
- −$2.56
- Funding while held
- $0
- Slippage, 4 orders
- −$8.08
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$33.63
- Spread needed to break even
- 0.311%
Slippage from KuCoin: live order book, 6 min ago; Bybit: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 KuCoin live order book, 6 min ago | 0.02 bp | 7.5 bp −$7 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.12 bp | 8.0 bp −$8 | 10.9 bp −$109 | 30.0 bp −$3,002 | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,336.7cheapestApeX Omni4,336.9+0.004%Variational Omni4,337.9+0.029%Phemex4,338+0.030%Lighter4,339.1+0.056%Bitget4,339.4+0.063%Reya4,339.5+0.064%Hyperliquid4,339.5+0.065%Paradex4,339.5+0.066%Orderly4,339.8+0.072%Hibachi4,339.8+0.072%dYdX4,339.9+0.073%Binance4,339.9+0.075%Extended4,340+0.075%Aster4,340.4+0.086%Kraken Futures4,340.5+0.087%BingX4,340.7+0.093%MEXC4,340.9+0.097%Pacifica4,341.6+0.113%
SunX
ApeX Omni
Variational Omni
Phemex
Lighter
Bitget
Reya
Hyperliquid
Paradex
Orderly
Hibachi
dYdX
Binance
Extended
Aster
Kraken Futures
BingX
MEXC
PacificaBybit4,341.6+0.113%
Backpack4,341.6+0.114%Gate4,342.5+0.134%
Backpack
GateKuCoin4,342.7+0.139%
Coinbase International4,343.5+0.157%HTX4,344.6+0.183%Deribit4,344.7+0.184%01 Exchange4,350.4+0.316%Injective4,361.2+0.565%
Coinbase International
HTX
Deribit
InjectivePAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.139% | 0.0000% | 4h | $2K | $3.9M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.135% | +0.0019% | 1h | $262K | $790K | 50x | as long as short |
| Variational Omni PAXG | −0.110% | +0.0100% | 4h | $12.4M | $70K | — | as long as short |
| Phemex PAXGUSDT | −0.108% | +0.0100% | 4h | $1.5M | $34K | 50x | as long as short |
| Lighter PAXG | −0.083% | +0.0032% | 1h | $1.4M | $699K | 25x | as long as short |
| Bitget PAXGUSDT | −0.076% | +0.0100% | 4h | $9.1M | $11.6M | 50x | as long as short |
| Reya PAXGRUSDPERP | −0.075% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| Hyperliquid PAXG | −0.074% | +0.0060% | 1h | $20.3M | $1.6M | 10x | as long as short |
| Paradex PAXG-USD-PERP | −0.073% | +0.0099% | 8h | $84K | $2.6M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.067% | +0.0100% | 4h | $557 | — | 10x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.067% | −0.0080% | 1h | $42K | $141K | 20x | as long as short |
| dYdX PAXG-USD | −0.066% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Binance PAXGUSDT | −0.064% | +0.0100% | 4h | $79.2M | $62.5M | 75x | as long as short |
| Extended PAXG-USD | −0.063% | +0.0104% | 1h | $375K | $1.2M | 25x | as long as short |
| Aster PAXGUSDT | −0.053% | +0.0100% | 4h | $904K | $71K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.052% | +0.0144% | 1h | $1.3M | $1.0M | 20x | as long as short |
| BingX PAXG-USDT | −0.046% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| MEXC PAXG_USDT | −0.041% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| Pacifica PAXG | −0.026% | +0.0100% | 1h | $1.0M | $409K | 10x | as long as short |
| Bybit PAXGUSDTshort | −0.026% | +0.0100% | 4h | $15.0M | $3.1M | 75x | |
| Backpack PAXG_USDC_PERP | −0.025% | +0.0100% | 1h | $1.1M | $826K | 50x | as long as short |
| Gate PAXG_USDT | −0.005% | 0.0000% | 8h | $15.9M | $4.2M | 100x | as long as short |
| KuCoin PAXGUSDTMlong | 0.000% | +0.0100% | 4h | $27.0M | $4.8M | 30x | |
| Coinbase International PAXG-PERP-INTX | +0.018% | +0.0240% | 1h | $943K | $1.0M | 50x | as long as short |
| HTX PAXG-USDT | +0.044% | 0.0000% | 4h | $913K | $571K | 75x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.045% | 0.0000% | 1h | $7.9M | $831K | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.177% | +0.0592% | 1h | $15K | $7K | 10x | as long as short |
| Injective PAXG/USDC PERP | +0.426% | +0.0033% | 1h | $1K | $88K | 30x | as long as short |