Spread before costs (cost unknown: a leg has no order-book sample)−0.148%
7d average—if it closes, per $10,000$15funding while held, a day−$7.80
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange PAXGUSD | 4,353.8 | 0.0360 | pay 0.0045% / 1h | 36m 19s | $15K | $3K | 10x |
| Short | Hyperliquid PAXG | 4,347.3 | 0.0100 | get 0.0013% / 1h | 36m 19s | $20.4M | $1.8M | 10x |
Hyperliquid 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
- −$14.84
- Funding while held
- −$7.8
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$38.64
- Spread needed to break even
- 0.160%
Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0260%
- Per $10,000 a day
- −$7.80
- 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 8 min ago | 0.12 bp | 5.9 bp −$6 | 7.6 bp −$76 | doesn't fit | doesn't fit |
01 Exchange: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestSunX4,343.3+0.113%ApeX Omni4,346+0.176%Lighter4,346.8+0.193%dYdX4,346.9+0.196%
Injective
SunX
ApeX Omni
Lighter
dYdXHyperliquid4,347.3+0.206%
Extended4,347.3+0.206%Bitget4,347.7+0.215%Phemex4,348+0.221%Binance4,348.1+0.223%Orderly4,348.1+0.224%Bybit4,348.3+0.229%Reya4,348.4+0.229%Kraken Futures4,348.5+0.232%Paradex4,348.5+0.233%Aster4,348.7+0.238%BingX4,348.8+0.240%Hibachi4,348.9+0.241%Variational Omni4,349+0.245%Pacifica4,349.3+0.250%MEXC4,349.4+0.254%Backpack4,349.5+0.255%KuCoin4,349.8+0.262%Gate4,350+0.267%HTX4,351.2+0.294%Deribit4,351.9+0.312%Coinbase International4,353.9+0.357%
Extended
Bitget
Phemex
Binance
Orderly
Bybit
Reya
Kraken Futures
Paradex
Aster
BingX
Hibachi
Variational Omni
Pacifica
MEXC
Backpack
KuCoin
Gate
HTX
Deribit
Coinbase InternationalPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.354% | +0.0033% | 1h | $1K | $65K | 30x | as long as short |
| SunX PAXG-USDT | −0.241% | 0.0000% | 4h | $2K | $4.1M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.178% | +0.0100% | 1h | $263K | $789K | 50x | as long as short |
| Lighter PAXG | −0.161% | +0.0096% | 1h | $1.4M | $705K | 25x | as long as short |
| dYdX PAXG-USD | −0.158% | 0.0000% | 1h | $101K | $18K | 5x | as long as short |
| Hyperliquid PAXGshort | −0.148% | +0.0100% | 1h | $20.4M | $1.8M | 10x | |
| Extended PAXG-USD | −0.148% | +0.0104% | 1h | $376K | $1.2M | 25x | as long as short |
| Bitget PAXGUSDT | −0.139% | +0.0100% | 4h | $9.2M | $13.2M | 50x | as long as short |
| Phemex PAXGUSDT | −0.133% | +0.0100% | 4h | $1.5M | $33K | 50x | as long as short |
| Binance PAXGUSDT | −0.131% | +0.0100% | 4h | $79.9M | $67.8M | 75x | as long as short |