After costs, if the gap returns to its 7d average, $10k−$54
spread now−0.012%7d average−0.036%fees + slippage, in and out−$57spread needed0.565%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,338.5 | 0.0032 | pay 0.0004% / 1h | 28m 41s | $1.4M | $699K | 25x |
| Short | Phemex PAXGUSDT | 4,338 | 0.0100 | get 0.0050% / 4h | 1h 28m | $1.5M | $34K | 50x |
Lighter PAXG
Phemex PAXGUSDTPrice 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
- −$1.18
- Funding while held
- $2.04
- Slippage, 4 orders
- −$44.53
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$55.66
- Spread needed to break even
- 0.565%
Slippage from Lighter: live order book, 4 min ago; Phemex: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0068%
- Per $10,000 a day
- +$2.04
- 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, 4 min ago | 1.70 bp | 1.8 bp −$2 | 4.2 bp −$42 | 21.6 bp −$2,156 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 5.76 bp | 27.3 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.SunX4,336.7cheapestApeX Omni4,336.9+0.004%Variational Omni4,337.9+0.029%
SunX
ApeX Omni
Variational OmniPhemex4,338+0.030%
Extended4,338.3+0.038%
ExtendedLighter4,338.5+0.042%
Bitget4,338.9+0.052%Hyperliquid4,339.3+0.060%Reya4,339.5+0.064%Paradex4,339.5+0.066%Binance4,339.8+0.071%Orderly4,339.8+0.072%Hibachi4,339.8+0.072%BingX4,339.8+0.072%dYdX4,339.9+0.073%Aster4,340+0.076%Bybit4,340.3+0.083%Kraken Futures4,340.5+0.087%MEXC4,340.9+0.098%KuCoin4,341.5+0.111%Pacifica4,341.6+0.113%Backpack4,341.6+0.114%Gate4,342.2+0.127%Coinbase International4,343.5+0.157%HTX4,344.6+0.183%Deribit4,344.7+0.184%01 Exchange4,350.4+0.316%Injective4,361.2+0.565%
Bitget
Hyperliquid
Reya
Paradex
Binance
Orderly
Hibachi
BingX
dYdX
Aster
Bybit
Kraken Futures
MEXC
KuCoin
Pacifica
Backpack
Gate
Coinbase International
HTX
Deribit
InjectivePAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.042% | 0.0000% | 4h | $2K | $3.9M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.038% | +0.0019% | 1h | $262K | $790K | 50x | as long as short |
| Variational Omni PAXG | −0.013% | +0.0100% | 4h | $12.4M | $70K | — | as long as short |
| Phemex PAXGUSDTshort | −0.012% | +0.0100% | 4h | $1.5M | $34K | 50x | |
| Extended PAXG-USD | −0.004% | +0.0104% | 1h | $375K | $1.2M | 25x | as long as short |
| Lighter PAXGlong | 0.000% | +0.0032% | 1h | $1.4M | $699K | 25x | |
| Bitget PAXGUSDT | +0.010% | +0.0100% | 4h | $9.1M | $11.6M | 50x | as long as short |
| Hyperliquid PAXG | +0.018% | +0.0060% | 1h | $20.3M | $1.6M | 10x | as long as short |
| Reya PAXGRUSDPERP | +0.022% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| Paradex PAXG-USD-PERP | +0.024% | +0.0099% | 8h | $84K | $2.6M | 50x | as long as short |