Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.006%
Price spread now: Extended against Lighter+0.001%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$80.078% of the position
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now +0.001%, 7d avg −0.057%
=Together, before fees−0.103%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.058% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,342.1 | −0.0064 | get 0.0008% / 1h | 49m 24s | $1.4M | $365K | 25x |
| Short | Extended PAXG-USD | 4,342.2 | 0.0040 | get 0.0005% / 1h | 49m 24s | $379K | $1.4M | 25x |
Lighter PAXG
Extended PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $21.84
- Price spread: +0.001% → −0.057%
- $5.78
- Slippage, 4 orders
- −$2.76
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $19.86
- Costs to cover
- 0.078%
- Break-even
- 0.6 days
Slippage from Lighter: live order book, 2 min ago; Extended: live order book, 4 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, 2 min ago | 0.93 bp | 1.0 bp −$1 | 3.1 bp −$31 | 19.4 bp −$1,943 | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0192% | 1h | 4,344.1 | +0.046% | $45K | $160K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,343.5 | +0.033% | $1.3M | $1.5M | 20x | as long as short |
| Lighter PAXGlong | −0.0064% | 1h | 4,342.1 | long leg | $1.4M | $365K | 25x | |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | −0.006% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,345.2 | +0.071% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,340.5 | −0.038% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,347.2 | +0.118% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,344.9 | +0.064% | $905K | $691K | 75x | as long as short |
| ApeX Omni PAXGUSDT | +0.0002% | 1h | 4,342.9 | +0.019% | $263K | $783K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0018% | 4h | 4,343.8 | +0.038% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.119% | $1K | $151K | 30x | as long as short |
| MEXC PAXG_USDT | +0.0038% | 4h | 4,344.5 | +0.055% | $16.2M | $1.0M | 100x | as long as short |
| Extended PAXG-USDshort | +0.0040% | 1h | 4,342.2 | +0.001% | $379K | $1.4M | 25x | |
| Binance PAXGUSDT | +0.0040% | 4h | 4,343.4 | +0.029% | $80.2M | $70.4M | 75x | as long as short |
| Aster PAXGUSDT | +0.0076% | 4h | 4,343.4 | +0.030% | $906K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0093% | 1h | 4,343.4 | +0.029% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,343.8 | +0.039% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,342.9 | +0.018% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,344.8 | +0.061% | $1.0M | $353K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,343.5 | +0.033% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,346.4 | +0.099% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,343.3 | +0.027% | $9.7M | $15.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,343.5 | +0.032% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,344 | +0.042% | $1.3M | $793K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,342.8 | +0.015% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | −0.072% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,342.8 | +0.015% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,347.5 | +0.125% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0768% | 1h | 4,354.2 | +0.278% | $29K | $24K | 10x | as long as short |
Injective PAXG/USDC PERP
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD