Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%
Price spread now: Binance against Lighter+0.035%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$130.125% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 7 days−0.076%−$8 · spread now +0.035%, 7d avg −0.008%
=Together, before fees−0.121%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.043% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,356.2 | 0.0096 | pay 0.0012% / 1h | 4m 29s | $1.4M | $274K | 25x |
| Short | Binance PAXGUSDT | 4,357.7 | 0.0100 | get 0.0050% / 4h | 1h 04m | $80.3M | $67.3M | 75x |
Lighter PAXG
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: +0.035% → −0.008%
- $4.34
- Slippage, 4 orders
- −$2.54
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$7.36
- Costs to cover
- 0.125%
- Break-even
- 68.3 days
Slippage from Lighter: live order book, 7 min ago; Binance: live order book, 8 min ago.
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 Lighter live order book, 7 min ago | 0.86 bp | 0.9 bp −$1 | 2.7 bp −$27 | 17.7 bp −$1,768 | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.01 bp | 5.0 bp −$5 | 5.2 bp −$52 | 8.0 bp −$803 | doesn't fit |
PAXG on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,354.3 | −0.043% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,359.6 | +0.079% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,351.2 | −0.114% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,359.9 | +0.085% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,358.8 | +0.062% | $911K | $634K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.203% | $1K | $151K | 30x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0080% | 1h | 4,358.5 | +0.054% | $1.3M | $1.4M | 20x | as long as short |
| Lighter PAXGlong | +0.0096% | 1h | 4,356.2 | long leg | $1.4M | $274K | 25x | |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,356.9 | +0.018% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,357.1 | +0.022% | $20.4M | $1.8M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,357.2 | +0.025% | $909K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,358.1 | +0.045% | $1.0M | $344K | 10x | as long as short |
| Binance PAXGUSDTshort | +0.0100% | 4h | 4,357.7 | +0.035% | $80.3M | $67.3M | 75x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,358 | +0.043% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,353.5 | −0.061% | $16.0M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,358.2 | +0.046% | $26.9M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,358.2 | +0.048% | $9.2M | $13.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,356.9 | +0.018% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,357.1 | +0.022% | $1.4M | $954K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,356.4 | +0.005% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,355.3 | −0.019% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,354.7 | −0.033% | $263K | $797K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,355.3 | −0.020% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,352 | −0.095% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,356.8 | +0.014% | $378K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0112% | 1h | 4,356.6 | +0.009% | $48K | $139K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,357.2 | +0.023% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,357.4 | +0.028% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1272% | 1h | 4,367.7 | +0.265% | $29K | $22K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD