Funding you earn now, next payment 03:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.027%
Price spread now: SunX against Lighter−0.061%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$660.665% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.061%, 7d avg −0.092%
=Together, before fees−0.137%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.031% dearer against Lighter than usual: you sell high and buy low (spread −0.061% now, against its 7-day average of −0.092%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,345.5 | 0.0096 | pay 0.0012% / 1h | 27m 25s | $1.4M | $349K | 25x |
| Short | SunX PAXG-USDT | 4,342.9 | 0 | get 0.0000% / 4h | 1h 27m | $2K | $3.7M | 20x |
Lighter PAXG
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$20.16
- Price spread: −0.061% → −0.092%
- $3.14
- Slippage, 4 orders
- −$58.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$83.52
- Costs to cover
- 0.665%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; SunX: live order book, 11 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, 4 min ago | 0.77 bp | 0.8 bp −$1 | 2.2 bp −$22 | 16.2 bp −$1,616 | doesn't fit |
| Sell SunX live order book, 11 min ago | 21.54 bp | 25.5 bp −$26 | 55.2 bp −$552 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,344.4 | −0.027% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,349.7 | +0.096% | $15.6M | $3.5M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,342.9 | −0.061% | $2K | $3.7M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,349.1 | +0.083% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,349.5 | +0.092% | $906K | $653K | 75x | as long as short |
| Hibachi PAXG/USDT-P | +0.0024% | 1h | 4,345.7 | +0.004% | $41K | $156K | 20x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.041% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0070% | 4h | 4,345.3 | −0.004% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXGlong | +0.0096% | 1h | 4,345.5 | long leg | $1.4M | $349K | 25x | |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,346.3 | +0.017% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Hibachi PAXG/USDT-P
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,347.9 | +0.054% | $20.8M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,346.6 | +0.025% | $907K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,347.4 | +0.044% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,347.8 | +0.052% | $80.2M | $70.5M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,348.4 | +0.066% | $15.0M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,347.7 | +0.049% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,349.6 | +0.093% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,348.5 | +0.069% | $9.6M | $14.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,347.3 | +0.041% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,346.9 | +0.031% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,345.5 | −0.002% | $12.5M | $99K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,345.8 | +0.005% | $263K | $790K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,345.1 | −0.010% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,347 | +0.034% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,345.4 | −0.002% | $382K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0173% | 1h | 4,347.1 | +0.037% | $1.3M | $1.4M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,347.6 | +0.047% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,349.7 | +0.096% | $971K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0984% | 1h | 4,356.7 | +0.257% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD