After costs, if the gap returns to its 7d average, $10k−$22
spread now+0.019%7d average+0.071%fees + slippage, in and out−$17spread needed0.170%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,344.9 | 0.0096 | pay 0.0012% / 1h | 47m 57s | $1.4M | $705K | 25x |
| Short | MEXC PAXG_USDT | 4,345.7 | 0.0100 | get 0.0050% / 4h | 1h 47m | $16.0M | $1.3M | 100x |
Lighter PAXG
MEXC PAXG_USDTPrice 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
- $1.91
- Funding while held
- $0.12
- Slippage, 4 orders
- −$12.99
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$14.96
- Spread needed to break even
- 0.170%
Slippage from Lighter: live order book, 5 min ago; MEXC: live order book, 2 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, 5 min ago | 1.14 bp | 1.5 bp −$2 | 3.4 bp −$34 | 18.4 bp −$1,843 | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.01 bp | 2.3 bp −$2 | 7.6 bp −$76 | 36.7 bp −$3,672 | 93.3 bp −$46.6K |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,340.8+0.055%Phemex4,342+0.083%
Injective
SunX
PhemexLighter4,344.9+0.150%
Hyperliquid4,345.2+0.157%Variational Omni4,345.4+0.160%Orderly4,345.6+0.166%
Hyperliquid
Variational Omni
OrderlyMEXC4,345.7+0.169%
Paradex4,345.7+0.169%ApeX Omni4,345.8+0.170%Extended4,345.9+0.173%Reya4,346+0.176%BingX4,346.2+0.179%Binance4,346.3+0.181%Bitget4,346.4+0.183%Bybit4,346.5+0.187%Aster4,346.7+0.191%Hibachi4,346.7+0.191%Pacifica4,346.8+0.194%dYdX4,346.9+0.196%Coinbase International4,347+0.199%Backpack4,347.3+0.204%Kraken Futures4,347.4+0.206%Gate4,347.9+0.219%KuCoin4,348.1+0.222%Deribit4,349.5+0.255%HTX4,350.1+0.269%01 Exchange4,351.7+0.307%
Paradex
ApeX Omni
Extended
Reya
BingX
Binance
Bitget
Bybit
Aster
Hibachi
Pacifica
dYdX
Coinbase International
Backpack
Kraken Futures
Gate
KuCoin
Deribit
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 | −0.150% | +0.0033% | 1h | $1K | $65K | 30x | as long as short |
| SunX PAXG-USDT | −0.095% | 0.0000% | 4h | $2K | $4.1M | 20x | as long as short |
| Phemex PAXGUSDT | −0.067% | +0.0100% | 4h | $1.5M | $33K | 50x | as long as short |
| Lighter PAXGlong | 0.000% | +0.0096% | 1h | $1.4M | $705K | 25x | |
| Hyperliquid PAXG | +0.007% | +0.0100% | 1h | $20.3M | $1.8M | 10x | as long as short |
| Variational Omni PAXG | +0.010% | +0.0100% | 4h | $12.5M | $88K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.016% | +0.0100% | 4h | $558 | — | 10x | as long as short |
| MEXC PAXG_USDTshort | +0.019% | +0.0100% | 4h | $16.0M | $1.3M | 100x | |
| Paradex PAXG-USD-PERP | +0.019% | +0.0100% | 8h | $84K | $4.0M | 50x | as long as short |
| ApeX Omni PAXGUSDT | +0.020% | +0.0100% | 1h | $263K | $790K | 50x | as long as short |