After costs, if the gap returns to its 7d average, $10k−$30
spread now+0.046%7d average+0.011%fees + slippage, in and out−$34spread needed0.336%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PAXGUSDTM | 4,348.8 | 0.0100 | pay 0.0050% / 4h | 1h 46m | $26.8M | $5.0M | 30x |
| Short | Deribit PAXG_USDC-PERPETUAL | 4,350.8 | 0 | get 0.0000% / 1h | 46m 03s | $7.9M | $833K | 50x |
KuCoin PAXGUSDTM
Deribit PAXG_USDC-PERPETUALPrice 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
- $4.57
- Funding while held
- −$3
- Slippage, 4 orders
- −$14.65
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$32.08
- Spread needed to break even
- 0.336%
Slippage from KuCoin: live order book, 9 min ago; Deribit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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, 9 min ago | 0.94 bp | 8.4 bp −$8 | 19.5 bp −$195 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 4 min ago | 1.09 bp | 6.5 bp −$7 | 12.6 bp −$126 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,342+0.083%Phemex4,343+0.106%Variational Omni4,345.4+0.160%ApeX Omni4,345.5+0.165%Lighter4,346+0.174%Orderly4,346.1+0.177%Bitget4,346.3+0.181%Extended4,346.4+0.184%Hyperliquid4,346.5+0.187%Paradex4,346.7+0.191%BingX4,346.7+0.192%Binance4,346.8+0.194%Reya4,346.9+0.196%dYdX4,346.9+0.196%Coinbase International4,347+0.199%Hibachi4,347.1+0.200%MEXC4,347.3+0.204%Pacifica4,347.4+0.208%Bybit4,347.5+0.209%Aster4,347.8+0.216%Backpack4,347.9+0.219%Kraken Futures4,348.2+0.226%Gate4,348.7+0.237%
Injective
SunX
Phemex
Variational Omni
ApeX Omni
Lighter
Orderly
Bitget
Extended
Hyperliquid
Paradex
BingX
Binance
Reya
dYdX
Coinbase International
Hibachi
MEXC
Pacifica
Bybit
Aster
Backpack
Kraken Futures
GateKuCoin4,348.8+0.239%
Deribit4,350.8+0.285%
HTX4,351.3+0.297%01 Exchange4,352.2+0.318%
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 | −0.238% | +0.0033% | 1h | $1K | $65K | 30x | as long as short |
| SunX PAXG-USDT | −0.155% | 0.0000% | 4h | $2K | $4.1M | 20x | as long as short |
| Phemex PAXGUSDT | −0.133% | +0.0100% | 4h | $1.5M | $33K | 50x | as long as short |
| Variational Omni PAXG | −0.078% | +0.0100% | 4h | $12.5M | $88K | — | as long as short |
| ApeX Omni PAXGUSDT | −0.074% | +0.0100% | 1h | $263K | $791K | 50x | as long as short |
| Lighter PAXG | −0.065% | +0.0096% | 1h | $1.4M | $705K | 25x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.061% | +0.0100% | 4h | $558 | — | 10x | as long as short |
| Bitget PAXGUSDT | −0.058% | +0.0100% | 4h | $9.2M | $13.2M | 50x | as long as short |
| Extended PAXG-USD | −0.055% | +0.0104% | 1h | $376K | $1.2M | 25x | as long as short |
| Hyperliquid PAXG | −0.052% | +0.0100% | 1h | $20.4M | $1.8M | 10x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | −0.048% | +0.0100% | 8h | $84K | $4.0M | 50x | as long as short |
| BingX PAXG-USDT | −0.047% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| Binance PAXGUSDT | −0.045% | +0.0100% | 4h | $79.7M | $67.4M | 75x | as long as short |
| Reya PAXGRUSDPERP | −0.043% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| dYdX PAXG-USD | −0.043% | 0.0000% | 1h | $101K | $18K | 5x | as long as short |
| Coinbase International PAXG-PERP-INTX | −0.040% | +0.0304% | 1h | $970K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-P | −0.038% | −0.0296% | 1h | $41K | $152K | 20x | as long as short |
| MEXC PAXG_USDT | −0.035% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| Pacifica PAXG | −0.031% | +0.0100% | 1h | $1.0M | $367K | 10x | as long as short |
| Bybit PAXGUSDT | −0.030% | +0.0100% | 4h | $14.9M | $3.6M | 75x | as long as short |
| Aster PAXGUSDT | −0.023% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
| Backpack PAXG_USDC_PERP | −0.020% | +0.0100% | 1h | $1.4M | $1.3M | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.013% | +0.0106% | 1h | $1.3M | $1.4M | 20x | as long as short |
| Gate PAXG_USDT | −0.002% | 0.0000% | 8h | $15.8M | $4.3M | 100x | as long as short |
| KuCoin PAXGUSDTMlong | 0.000% | +0.0100% | 4h | $26.8M | $5.0M | 30x | |
| Deribit PAXG_USDC-PERPETUALshort | +0.046% | 0.0000% | 1h | $7.9M | $833K | 50x | |
| HTX PAXG-USDT | +0.058% | 0.0000% | 4h | $911K | $651K | 75x | as long as short |
| 01 Exchange PAXGUSD | +0.079% | +0.0352% | 1h | $15K | $3K | 10x | as long as short |