Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%
Price spread now: Lighter against Phemex+0.045%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 3 days (all we have)−0.028%−$3 · spread now +0.045%, 7d avg +0.037%
=Together, before fees−0.040%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PAXGUSDT | 4,354 | 0.0100 | pay 0.0050% / 4h | 40m 05s | $1.5M | $38K | 50x |
| Short | Lighter PAXG | 4,355.9 | 0.0096 | get 0.0012% / 1h | 40m 05s | $1.4M | $270K | 25x |
Phemex PAXGUSDT
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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
- −$0.84
- Price spread: +0.045% → +0.037%
- $0.78
- Slippage, 4 orders
- −$45.4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$57.46
- Costs to cover
- 0.574%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Lighter: live order book, 1 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 Phemex live order book, 3 min ago | 5.74 bp | 25.5 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 0.95 bp | 1.5 bp −$2 | 5.0 bp −$50 | 22.5 bp −$2,251 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.0007% | 1h | 4,347.3 | −0.154% | $1K | $151K | 30x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,358.3 | +0.099% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,358.7 | +0.108% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,353.4 | −0.014% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,360.2 | +0.141% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,363 | +0.208% | $911K | $637K | 75x | as long as short |
| Lighter PAXGshort | +0.0096% | 1h | 4,355.9 | +0.045% | $1.4M | $270K | 25x | |
| ApeX Omni PAXGUSDT | +0.0097% | 1h | 4,354.4 | +0.008% | $263K | $796K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,357.7 | +0.085% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,356.7 | +0.062% | $20.4M | $1.8M | 10x | as long as short |
Injective PAXG/USDC PERP
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,357.6 | +0.082% | $909K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,359.2 | +0.119% | $1.0M | $344K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,356.7 | +0.061% | $79.9M | $68.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,356.5 | +0.058% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,356 | +0.047% | $16.1M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,358.7 | +0.108% | $27.0M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,357.3 | +0.076% | $9.9M | $14.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,356.9 | +0.065% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,357.8 | +0.087% | $1.4M | $971K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,357.4 | +0.078% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,359.7 | +0.131% | $1.5M | $1.9M | 10x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,357.4 | +0.078% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,354 | long leg | $1.5M | $38K | 50x | |
| Extended PAXG-USD | +0.0104% | 1h | 4,356.3 | +0.054% | $378K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0160% | 1h | 4,359 | +0.116% | $48K | $141K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,357.4 | +0.079% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0286% | 1h | 4,358.1 | +0.093% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,361.4 | +0.171% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0992% | 1h | 4,369.1 | +0.347% | $29K | $23K | 10x | as long as short |
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
GRVT PAXG_USDT_Perp
Orderly PERP_PAXG_USDC_mythos
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD