Funding you earn now, next payment 08:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h +0.016%
Price spread now: Lighter against SunX+0.010%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$670.672% of the position
Funding, last 7 days+0.187%+$19 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now +0.010%, 7d avg +0.090%
=Together, before fees+0.259%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.080% cheaper against SunX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.090%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.187%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PAXG-USDT | 4,311.9 | 0 | get 0.0000% / 4h | 11m 34s | $2K | $3.2M | 20x |
| Short | Lighter PAXG | 4,312.3 | −0.0192 | pay 0.0024% / 1h | 11m 34s | $1.4M | $499K | 25x |
SunX PAXG-USDT
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SunX. 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
- −$40.32
- Price spread: +0.010% → +0.090%
- −$7.95
- Slippage, 4 orders
- −$59.18
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$115.45
- Costs to cover
- 0.672%
- Break-even
- never at this rate
Slippage from SunX: live order book, 6 min ago; Lighter: live order book, 10 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 SunX live order book, 6 min ago | 21.54 bp | 38.3 bp −$38 | 67.5 bp −$675 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 10 min ago | 1.36 bp | 1.7 bp −$2 | 5.8 bp −$58 | 22.4 bp −$2,244 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXGshort | −0.0192% | 1h | 4,312.3 | +0.010% | $1.4M | $499K | 25x | |
| Hibachi PAXG/USDT-P | −0.0152% | 1h | 4,311.8 | −0.002% | $42K | $171K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0116% | 4h | 4,314.9 | +0.070% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,315.4 | +0.080% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,313.4 | +0.034% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,315.7 | +0.088% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDTlong | 0.0000% | 4h | 4,311.9 | long leg | $2K | $3.2M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,319.6 | +0.178% | $7.9M | $594K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,317.8 | +0.137% | $902K | $796K | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,313 | +0.026% | $376K | $1.5M | 25x | as long as short |
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0024% | 4h | 4,320.8 | +0.206% | $16.7M | $1.1M | 100x | as long as short |
| Binance PAXGUSDT | +0.0025% | 4h | 4,313.5 | +0.037% | $79.8M | $76.1M | 75x | as long as short |
| Aster PAXGUSDT | +0.0032% | 4h | 4,313.6 | +0.039% | $900K | $30K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.821% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0039% | 1h | 4,314.3 | +0.056% | $261K | $774K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0050% | 4h | 4,312.8 | +0.020% | $9.5M | $16.0M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,314.1 | +0.052% | $85K | $3.9M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,314.4 | +0.058% | $20.8M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,315.8 | +0.091% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,313.7 | +0.042% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,316 | +0.095% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,315.4 | +0.082% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,315.5 | +0.085% | $1.3M | $834K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,310.3 | −0.037% | $12.2M | $218K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,315.1 | +0.074% | $554 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,314 | +0.049% | $1.5M | $53K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,315 | +0.072% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,318.8 | +0.160% | $950K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0920% | 1h | 4,324.9 | +0.302% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD