After costs, if the gap returns to its 7d average, $10k−$16
spread now−0.025%7d average+0.013%fees + slippage, in and out−$12spread needed0.121%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PAXG-USD-PERP | 4,346.6 | 0.0099 | pay 0.0099% / 8h | 35m 56s | $85K | $2.7M | 50x |
| Short | Lighter PAXG | 4,345.5 | 0.0096 | get 0.0012% / 1h | 35m 56s | $1.4M | $696K | 25x |
Paradex PAXG-USD-PERP
Lighter PAXGPrice 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
- −$2.5
- Funding while held
- −$0.1
- Slippage, 4 orders
- −$8.08
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$14.68
- Spread needed to break even
- 0.121%
Slippage from Paradex: live order book, 5 min ago; Lighter: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0003%
- Per $10,000 a day
- −$0.10
- 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 Paradex live order book, 5 min ago | 2.30 bp | 4.3 bp −$4 | 95.2 bp −$952 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 1.45 bp | 1.5 bp −$2 | 4.4 bp −$44 | 18.4 bp −$1,838 | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestPhemex4,339+0.014%SunX4,342.2+0.088%
Injective
Phemex
SunXLighter4,345.5+0.163%
ApeX Omni4,345.5+0.165%Orderly4,346+0.175%Reya4,346.3+0.181%Extended4,346.3+0.182%Variational Omni4,346.3+0.183%Aster4,346.4+0.184%Hyperliquid4,346.4+0.184%dYdX4,346.5+0.187%
ApeX Omni
Orderly
Reya
Extended
Variational Omni
Aster
Hyperliquid
dYdXParadex4,346.6+0.188%
Hibachi4,346.9+0.196%Bitget4,347.1+0.201%Binance4,347.2+0.204%BingX4,347.4+0.208%Bybit4,347.4+0.208%Kraken Futures4,347.7+0.214%Pacifica4,347.7+0.215%MEXC4,347.9+0.218%Gate4,348+0.221%Coinbase International4,348.1+0.224%Backpack4,348.3+0.228%KuCoin4,348.3+0.229%HTX4,350+0.266%Deribit4,350.1+0.271%01 Exchange4,356.9+0.426%
Hibachi
Bitget
Binance
BingX
Bybit
Kraken Futures
Pacifica
MEXC
Gate
Coinbase International
Backpack
KuCoin
HTX
DeribitPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.188% | −0.0038% | 1h | $1K | $116K | 30x | as long as short |
| Phemex PAXGUSDT | −0.174% | +0.0100% | 4h | $1.5M | $35K | 50x | as long as short |
| SunX PAXG-USDT | −0.101% | 0.0000% | 4h | $2K | $4.1M | 20x | as long as short |
| Lighter PAXGshort | −0.025% | +0.0096% | 1h | $1.4M | $696K | 25x | |
| ApeX Omni PAXGUSDT | −0.024% | +0.0100% | 1h | $263K | $790K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.013% | +0.0100% | 4h | $558 | — | 10x | as long as short |
| Reya PAXGRUSDPERP | −0.007% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| Extended PAXG-USD | −0.007% | +0.0104% | 1h | $375K | $1.2M | 25x | as long as short |
| Variational Omni PAXG | −0.006% | +0.0100% | 4h | $12.5M | $80K | — | as long as short |
| Aster PAXGUSDT | −0.004% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | −0.004% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| dYdX PAXG-USD | −0.001% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Paradex PAXG-USD-PERPlong | 0.000% | +0.0099% | 8h | $85K | $2.7M | 50x | |
| Hibachi PAXG/USDT-P | +0.008% | −0.0136% | 1h | $41K | $144K | 20x | as long as short |
| Bitget PAXGUSDT | +0.013% | +0.0100% | 4h | $9.1M | $12.1M | 50x | as long as short |
| Binance PAXGUSDT | +0.015% | +0.0100% | 4h | $79.5M | $65.6M | 75x | as long as short |
| BingX PAXG-USDT | +0.019% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| Bybit PAXGUSDT | +0.020% | +0.0100% | 4h | $15.1M | $3.3M | 75x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.026% | −0.0017% | 1h | $1.3M | $1.0M | 20x | as long as short |
| Pacifica PAXG | +0.026% | +0.0100% | 1h | $1.0M | $407K | 10x | as long as short |
| MEXC PAXG_USDT | +0.030% | +0.0100% | 4h | $16.0M | $1.3M | 100x | as long as short |
| Gate PAXG_USDT | +0.033% | 0.0000% | 8h | $15.8M | $4.4M | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.035% | +0.0248% | 1h | $981K | $1.1M | 50x | as long as short |
| Backpack PAXG_USDC_PERP | +0.039% | +0.0100% | 1h | $1.1M | $1.1M | 50x | as long as short |
| KuCoin PAXGUSDTM | +0.041% | +0.0100% | 4h | $26.7M | $4.9M | 30x | as long as short |
| HTX PAXG-USDT | +0.078% | 0.0000% | 4h | $915K | $604K | 75x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.082% | 0.0000% | 1h | $7.9M | $832K | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.237% | +0.0776% | 1h | $15K | $7K | 10x | as long as short |