After costs, if the gap returns to its 7d average, $10k−$55
spread now+0.038%7d average−0.001%fees + slippage, in and out−$59spread needed0.592%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PAXGUSDT | 4,347 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $1.5M | $36K | 50x |
| Short | Extended PAXG-USD | 4,348.7 | 0.0104 | get 0.0013% / 1h | 44m 00s | $377K | $1.2M | 25x |
Phemex PAXGUSDT
Extended PAXG-USDPrice 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
- $3.84
- Funding while held
- $0.12
- Slippage, 4 orders
- −$42.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$55.21
- Spread needed to break even
- 0.592%
Slippage from Phemex: live order book, 5 min ago; Extended: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Phemex live order book, 5 min ago | 5.75 bp | 26.3 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 6 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | doesn't fit | doesn't fit |
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,344.7+0.146%
Injective
SunXPhemex4,347+0.198%
Bitget4,348.2+0.226%Lighter4,348.3+0.227%Hibachi4,348.3+0.229%Paradex4,348.5+0.233%
Bitget
Lighter
Hibachi
ParadexExtended4,348.7+0.237%
Aster4,348.8+0.239%Hyperliquid4,348.8+0.240%Reya4,348.8+0.241%Pacifica4,349.2+0.249%Orderly4,349.3+0.251%Binance4,349.4+0.252%BingX4,349.6+0.259%Bybit4,349.7+0.260%MEXC4,349.9+0.264%ApeX Omni4,350+0.268%Gate4,350.1+0.270%KuCoin4,350.6+0.281%Variational Omni4,350.6+0.282%Kraken Futures4,350.9+0.287%dYdX4,351.1+0.292%Backpack4,351.5+0.301%Coinbase International4,352.2+0.318%HTX4,352.5+0.325%Deribit4,353.4+0.346%01 Exchange4,355.2+0.387%
Aster
Hyperliquid
Reya
Pacifica
Orderly
Binance
BingX
Bybit
MEXC
ApeX Omni
Gate
KuCoin
Variational Omni
Kraken Futures
dYdX
Backpack
Coinbase International
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 | −0.198% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| SunX PAXG-USDT | −0.052% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDTlong | 0.000% | +0.0100% | 4h | $1.5M | $36K | 50x | |
| Bitget PAXGUSDT | +0.027% | +0.0100% | 4h | $9.1M | $12.5M | 50x | as long as short |
| Lighter PAXG | +0.029% | +0.0096% | 1h | $1.4M | $700K | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.031% | −0.0120% | 1h | $41K | $144K | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.035% | +0.0100% | 8h | $84K | $3.2M | 50x | as long as short |
| Extended PAXG-USDshort | +0.038% | +0.0104% | 1h | $377K | $1.2M | 25x | |
| Aster PAXGUSDT | +0.041% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
| Hyperliquid PAXG | +0.041% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |