Spread before costs (cost unknown: a leg has no order-book sample)−0.134%
7d average—if it closes, per $10,000$13funding while held, a day−$11.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange PAXGUSD | 4,347.1 | 0.0472 | pay 0.0059% / 1h | 4m 13s | $15K | $3K | 10x |
| Short | Variational Omni PAXG | 4,341.3 | 0.0100 | get 0.0050% / 4h | 3h 04m | $12.5M | $85K | — |
Variational Omni 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
- −$13.39
- Funding while held
- −$11.16
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$31.55
- Spread needed to break even
- 0.070%
Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0372%
- Per $10,000 a day
- −$11.16
- 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 Variational Omni RFQ quote, 1 min ago | 2.82 bp | doesn't fit | 8.6 bp −$86 | 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.SunX4,335.3cheapestPhemex4,337+0.040%Injective4,338.4+0.073%Lighter4,338.8+0.082%Extended4,339.1+0.089%Bitget4,339.2+0.091%Hyperliquid4,339.2+0.091%Hibachi4,339.5+0.097%Binance4,339.5+0.099%Paradex4,340.3+0.117%Bybit4,340.4+0.119%Reya4,340.5+0.120%BingX4,340.6+0.124%Orderly4,340.7+0.126%MEXC4,341.1+0.134%ApeX Omni4,341.1+0.135%KuCoin4,341.1+0.135%
SunX
Phemex
Injective
Lighter
Extended
Bitget
Hyperliquid
Hibachi
Binance
Paradex
Bybit
Reya
BingX
Orderly
MEXC
ApeX Omni
KuCoinVariational Omni4,341.3+0.139%
Pacifica4,341.4+0.141%Aster4,341.8+0.152%Gate4,341.9+0.153%Kraken Futures4,342+0.156%Backpack4,342.1+0.157%dYdX4,343.4+0.189%HTX4,344.4+0.211%Deribit4,344.5+0.213%Coinbase International4,346.4+0.257%
Pacifica
Aster
Gate
Kraken Futures
Backpack
dYdX
HTX
Deribit
Coinbase InternationalPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | −0.273% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| Phemex PAXGUSDT | −0.232% | +0.0100% | 4h | $1.5M | $36K | 50x | as long as short |
| Injective PAXG/USDC PERP | −0.200% | +0.0033% | 1h | $1K | $97K | 30x | as long as short |
| Lighter PAXG | −0.190% | +0.0096% | 1h | $1.4M | $705K | 25x | as long as short |
| Extended PAXG-USD | −0.184% | +0.0104% | 1h | $377K | $1.2M | 25x | as long as short |
| Bitget PAXGUSDT | −0.182% | +0.0100% | 4h | $9.2M | $12.9M | 50x | as long as short |
| Hyperliquid PAXG | −0.182% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.176% | −0.0224% | 1h | $41K | $144K | 20x | as long as short |
| Binance PAXGUSDT | −0.174% | +0.0100% | 4h | $79.4M | $67.6M | 75x | as long as short |
| Paradex PAXG-USD-PERP | −0.155% | +0.0100% | 8h | $84K | $3.6M | 50x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PAXGUSDT | −0.154% | +0.0100% | 4h | $15.0M | $3.5M | 75x | as long as short |
| Reya PAXGRUSDPERP | −0.153% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| BingX PAXG-USDT | −0.149% | +0.0100% | 4h | — | $6.8M | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.147% | +0.0100% | 4h | $557 | — | 10x | as long as short |
| MEXC PAXG_USDT | −0.138% | +0.0100% | 4h | $15.9M | $1.4M | 100x | as long as short |
| ApeX Omni PAXGUSDT | −0.138% | +0.0100% | 1h | $263K | $792K | 50x | as long as short |
| KuCoin PAXGUSDTM | −0.138% | +0.0100% | 4h | $26.7M | $5.0M | 30x | as long as short |
| Variational Omni PAXGshort | −0.134% | +0.0100% | 4h | $12.5M | $85K | — | |
| Pacifica PAXG | −0.132% | +0.0100% | 1h | $1.0M | $392K | 10x | as long as short |
| Aster PAXGUSDT | −0.121% | +0.0100% | 4h | $905K | $71K | 50x | as long as short |
| Gate PAXG_USDT | −0.120% | 0.0000% | 8h | $15.8M | $4.4M | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.117% | +0.0051% | 1h | $1.3M | $1.1M | 20x | as long as short |
| Backpack PAXG_USDC_PERP | −0.116% | +0.0100% | 1h | $1.1M | $1.1M | 50x | as long as short |
| dYdX PAXG-USD | −0.084% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| HTX PAXG-USDT | −0.063% | 0.0000% | 4h | $916K | $631K | 75x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | −0.060% | 0.0000% | 1h | $7.9M | $832K | 50x | as long as short |
| Coinbase International PAXG-PERP-INTX | −0.016% | +0.0256% | 1h | $970K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSDlong | 0.000% | +0.0472% | 1h | $15K | $3K | 10x |