After costs, if the gap returns to its 7d average, $10k−$14
spread now+0.010%7d average0.000%fees + slippage, in and out−$14spread needed0.145%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,345.6 | 0.0096 | pay 0.0012% / 1h | 31m 05s | $1.4M | $705K | 25x |
| Short | Hyperliquid PAXG | 4,346 | 0.0100 | get 0.0013% / 1h | 31m 05s | $20.3M | $1.8M | 10x |
Lighter PAXG
Hyperliquid 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
- $0.99
- Funding while held
- $0.12
- Slippage, 4 orders
- −$5.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$13.38
- Spread needed to break even
- 0.145%
Slippage from Lighter: live order book, 7 min ago; Hyperliquid: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Lighter live order book, 7 min ago | 1.21 bp | 1.3 bp −$1 | 2.5 bp −$25 | 18.1 bp −$1,813 | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.12 bp | 4.6 bp −$5 | 5.9 bp −$59 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,341.6+0.074%Phemex4,345+0.152%
Injective
SunX
PhemexLighter4,345.6+0.165%
Extended4,346+0.175%
ExtendedHyperliquid4,346+0.175%
Bitget4,346+0.175%ApeX Omni4,346.3+0.181%Binance4,346.4+0.186%Reya4,346.7+0.191%Bybit4,346.7+0.191%Paradex4,346.8+0.193%dYdX4,346.9+0.196%BingX4,347+0.198%Aster4,347.3+0.206%Kraken Futures4,347.4+0.209%Hibachi4,347.5+0.209%MEXC4,347.8+0.217%KuCoin4,347.9+0.219%Orderly4,348.1+0.224%Pacifica4,348.2+0.226%Backpack4,348.3+0.227%Variational Omni4,348.4+0.231%Gate4,348.6+0.235%Deribit4,350.7+0.283%HTX4,351.3+0.297%01 Exchange4,353.8+0.355%Coinbase International4,353.9+0.357%
Bitget
ApeX Omni
Binance
Reya
Bybit
Paradex
dYdX
BingX
Aster
Kraken Futures
Hibachi
MEXC
KuCoin
Orderly
Pacifica
Backpack
Variational Omni
Gate
Deribit
HTX
Coinbase InternationalPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.165% | +0.0033% | 1h | $1K | $65K | 30x | as long as short |
| SunX PAXG-USDT | −0.091% | 0.0000% | 4h | $2K | $4.1M | 20x | as long as short |
| Phemex PAXGUSDT | −0.013% | +0.0100% | 4h | $1.5M | $33K | 50x | as long as short |
| Lighter PAXGlong | 0.000% | +0.0096% | 1h | $1.4M | $705K | 25x | |
| Extended PAXG-USD | +0.010% | +0.0104% | 1h | $376K | $1.2M | 25x | as long as short |
| Hyperliquid PAXGshort | +0.010% | +0.0100% | 1h | $20.3M | $1.8M | 10x | |
| Bitget PAXGUSDT | +0.010% | +0.0100% | 4h | $9.2M | $13.3M | 50x | as long as short |
| ApeX Omni PAXGUSDT | +0.016% | +0.0100% | 1h | $263K | $786K | 50x | as long as short |
| Binance PAXGUSDT | +0.020% | +0.0100% | 4h | $79.9M | $67.9M | 75x | as long as short |
| Reya PAXGRUSDPERP | +0.026% | +0.0189% | 1h | $21K | — | 100x | as long as short |