Funding you earn now, next payment 06:00 UTC−0.0992%/8h= −108.6% APRnext payment −$1.24 per $10,000 · paid last 24h −0.240%
Price spread now: Lighter against 01 Exchange−0.291%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Lighter is 0.291% cheaper against 01 Exchange than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange PAXGUSD | 4,335.1 | 0.0856 | pay 0.0107% / 1h | 1m 50s | $29K | $24K | 10x |
| Short | Lighter PAXG | 4,322.5 | −0.0136 | pay 0.0017% / 1h | 1m 50s | $1.4M | $392K | 25x |
01 Exchange PAXGUSD
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against 01 Exchange. 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
- −$208.32
- Price spread: −0.291% → 0.000%
- −$29.13
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$244.45
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.
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 Lighter live order book, 4 min ago | 1.52 bp | 2.0 bp −$2 | 6.2 bp −$62 | 20.7 bp −$2,072 | 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 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 | −0.0136% | 1h | 4,322.5 | −0.291% | $1.4M | $392K | 25x | |
| Hibachi PAXG/USDT-P | −0.0112% | 1h | 4,324.6 | −0.242% | $42K | $165K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,324.4 | −0.247% | $1.2M | $1.9M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0058% | 4h | 4,330.7 | −0.100% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0007% | 1h | 4,327.7 | −0.171% | $262K | $783K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,325.2 | −0.227% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,326.1 | −0.208% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,320.6 | −0.334% | $1K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,328 | −0.163% | $7.9M | $835K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,330.5 | −0.106% | $902K | $746K | 75x | as long as short |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0012% | 4h | 4,323.7 | −0.264% | $79.7M | $74.4M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0014% | 4h | 4,325.8 | −0.215% | $16.5M | $1.1M | 100x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,322.4 | −0.292% | $376K | $1.4M | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.281% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0037% | 4h | 4,326.2 | −0.205% | $903K | $27K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,324.5 | −0.244% | $81K | $3.2M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,323.9 | −0.258% | $555 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,324.1 | −0.254% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,326.5 | −0.198% | $1.0M | $336K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,324.8 | −0.238% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,326 | −0.209% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,323.1 | −0.276% | $9.3M | $16.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,325.4 | −0.225% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,324.5 | −0.245% | $1.3M | $811K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,330 | −0.118% | $12.3M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,321 | −0.325% | $1.5M | $46K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,323.5 | −0.267% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,333.5 | −0.038% | $978K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSDlong | +0.0856% | 1h | 4,335.1 | long leg | $29K | $24K | 10x |
Binance PAXGUSDT
MEXC PAXG_USDT
Extended PAXG-USD
Injective PAXG/USDC PERP
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX