Funding you earn now, next payment 05:00 UTC+0.0341%/8h= +37.4% APRnext payment +$0.43 per $10,000 · paid last 24h +0.031%
Price spread now: Reya against Lighter+0.028%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Reya is 0.028% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,337.4 | −0.0152 | get 0.0019% / 1h | 5m 55s | $1.4M | $368K | 25x |
| Short | Reya PAXGRUSDPERP | 4,338.6 | 0.0189 | get 0.0024% / 1h | 5m 55s | $21K | — | 100x |
Lighter PAXG
Reya PAXGRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $71.71
- Price spread: +0.028% → 0.000%
- $2.8
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $68.51
- Costs to cover
- 0.060%
- Break-even
- 0.3 days
Slippage unknown: Lighter: live order book, 5 min ago; Reya: no order-book sample. Net counts fees only.
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 | 0.87 bp | 1.1 bp −$1 | 3.2 bp −$32 | 19.9 bp −$1,993 | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0216% | 1h | 4,336.6 | −0.019% | $42K | $157K | 20x | as long as short |
| Lighter PAXGlong | −0.0152% | 1h | 4,337.4 | long leg | $1.4M | $368K | 25x | |
| ApeX Omni PAXGUSDT | −0.0031% | 1h | 4,335.5 | −0.044% | $262K | $786K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0010% | 4h | 4,337.2 | −0.004% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.3 | +0.022% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,341.3 | +0.090% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,335.4 | −0.047% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,342.8 | +0.126% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.1 | +0.087% | $903K | $690K | 75x | as long as short |
| Extended PAXG-USD | +0.0032% | 1h | 4,337.8 | +0.010% | $379K | $1.4M | 25x | as long as short |
Hibachi PAXG/USDT-P
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0032% | 4h | 4,340.8 | +0.079% | $16.1M | $1.0M | 100x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.229% | $1K | $151K | 30x | as long as short |
| Binance PAXGUSDT | +0.0034% | 4h | 4,339 | +0.037% | $80.0M | $70.4M | 75x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,339.5 | +0.049% | $1.3M | $1.4M | 20x | as long as short |
| Aster PAXGUSDT | +0.0080% | 4h | 4,338.6 | +0.027% | $905K | $27K | 50x | as long as short |
| Hyperliquid PAXG | +0.0097% | 1h | 4,338.9 | +0.035% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,338.7 | +0.029% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,337.5 | +0.003% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,340.1 | +0.062% | $1.0M | $341K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,339.8 | +0.055% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,342 | +0.107% | $28.6M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,339.5 | +0.050% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,339.5 | +0.049% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,339.5 | +0.048% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,338.7 | +0.030% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | +0.037% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERPshort | +0.0189% | 1h | 4,338.6 | +0.028% | $21K | — | 100x | |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,342.3 | +0.114% | $955K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0872% | 1h | 4,349.1 | +0.270% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Binance PAXGUSDT
Kraken Futures PF_PAXGUSD
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
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD