PAXG

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.047%

7d average—if it closes, per $10,000$5funding while held, a day−$0.84

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PAXG_USDC_mythos	4,339.7	0.0100	pay 0.0050% / 4h	2h 54m	$557	—	10x
Short	Lighter PAXG	4,337.7	0.0072	get 0.0009% / 1h	54m 46s	$1.4M	$705K	25x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee OrderlybpFee LighterbpOrdersClose when spread is

Spread captured: −$4.65
Funding while held: −$0.84
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.49
Spread needed to break even: 0.060%

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0028%
Per $10,000 a day: −$0.84
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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 3 min ago	1.51 bp	1.7 bp −$2	5.5 bp −$55	21.5 bp −$2,150	doesn't fit

Orderly: 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 28 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SunX PAXG-USDT	−0.100%	0.0000%	4h	$2K	$4.2M	20x	as long as short
ApeX Omni PAXGUSDT	−0.071%	+0.0100%	1h	$262K	$793K	50x	as long as short
Lighter PAXGshort	−0.047%	+0.0072%	1h	$1.4M	$705K	25x
Injective PAXG/USDC PERP	−0.030%	+0.0033%	1h	$1K	$97K	30x	as long as short
Hyperliquid PAXG	−0.028%	+0.0100%	1h	$20.3M	$1.7M	10x	as long as short
Reya PAXGRUSDPERP	−0.026%	+0.0189%	1h	$21K	—	100x	as long as short
Extended PAXG-USD	−0.025%	+0.0104%	1h	$377K	$1.2M	25x	as long as short
Hibachi PAXG/USDT-P	−0.025%	−0.0304%	1h	$41K	$146K	20x	as long as short
Bitget PAXGUSDT	−0.019%	+0.0100%	4h	$9.2M	$13.0M	50x	as long as short
Bybit PAXGUSDT	−0.019%	+0.0100%	4h	$15.0M	$3.5M	75x	as long as short

Show all 28 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni PAXG	−0.017%	+0.0100%	4h	$12.5M	$85K	—	as long as short
Phemex PAXGUSDT	−0.016%	+0.0100%	4h	$1.5M	$36K	50x	as long as short
Binance PAXGUSDT	−0.011%	+0.0100%	4h	$79.3M	$67.6M	75x	as long as short
Paradex PAXG-USD-PERP	−0.006%	+0.0100%	8h	$84K	$3.7M	50x	as long as short
BingX PAXG-USDT	−0.005%	+0.0100%	4h	—	$6.8M	—	as long as short
Orderly PERP_PAXG_USDC_mythoslong	0.000%	+0.0100%	4h	$557	—	10x
Aster PAXGUSDT	+0.003%	+0.0100%	4h	$904K	$71K	50x	as long as short
KuCoin PAXGUSDTM	+0.014%	+0.0100%	4h	$26.7M	$5.0M	30x	as long as short
Pacifica PAXG	+0.018%	+0.0100%	1h	$1.0M	$394K	10x	as long as short
MEXC PAXG_USDT	+0.021%	+0.0100%	4h	$15.9M	$1.3M	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.027%	+0.0069%	1h	$1.3M	$1.1M	20x	as long as short
Backpack PAXG_USDC_PERP	+0.035%	+0.0100%	1h	$1.1M	$1.1M	50x	as long as short
Gate PAXG_USDT	+0.037%	0.0000%	8h	$15.8M	$4.4M	100x	as long as short
Deribit PAXG_USDC-PERPETUAL	+0.063%	0.0000%	1h	$7.9M	$833K	50x	as long as short
HTX PAXG-USDT	+0.074%	0.0000%	4h	$915K	$632K	75x	as long as short
dYdX PAXG-USD	+0.086%	0.0000%	1h	$101K	$19K	5x	as long as short
Coinbase International PAXG-PERP-INTX	+0.111%	+0.0296%	1h	$970K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.136%	+0.0416%	1h	$15K	$3K	10x	as long as short