PAXG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BackpackPAXG_USDC_PERP	4,144.6	−0.0450	get 0.0056% / 1h	21m 31s	$1.5M	$580K	50x	Long Backpack
SHORT	BulkPAXG-USD	4,146.5	−0.0053	pay 0.0007% / 1h	21m 31s	$874K	$2.2M	20x	Short Bulk

Price gap+0.046%

Funding gap+0.0397% /8h

Both sides work: funding pays +$12 a day on $10k, and the gap is 0.060% above its 7d average: +$6 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$26+0.0397% /8h now · paid +0.256% over the last 7D

Price+$6spread +0.046% now, avg −0.014% → +0.060% if it goes back

Costs−$200.197% of $10k · taker + slippage, in and out

Result+$12+0.12%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.256% in total, about +0.0131%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.046%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PAXG on 29 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

OK: Fits both order books5.0 / 4.5 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$200 + $500
Backpack 50x, Bulk 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$11.92Long Backpack: 24 payments, +$13.51; short Bulk: 24 payments, −$1.58.
OK: Entry gap works for you+0.046% vs −0.014%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$874K vs $1.5M OI
Bulk sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBackpack Yes · Bulk No
KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0131%/8h × 21 periods+$27.42

Price spread+0.046% → −0.014% (7d avg)+$6.03

Slippage, 4 orderslive order books−$2.68

Fee Backpack bp × 2 orders−$10.00

Fee Bulk bp × 2 orders−$7.00

Net · 7 days · $10k+$13.77

Costs to cover0.197%Break-even3.5 days

Slippage: Backpack: live order book, 4 min ago; Bulk: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBackpack0.015.0 bp−$55.8 bp−$58doesn’t fitdoesn’t fit

SELL · SHORTBulk0.334.5 bp−$46.3 bp−$63doesn’t fitdoesn’t fit

Closing costs about the same again.

PAXG news

posts that mention PAXG, from every exchangeSearch all news →

09-30 01:05	Reya	Listing	PAXGRUSDPERP no longer reported ($PAXG) seen by our collector
09-24 11:53	Bulk	Other	2/ A digital token backed by physical gold. Each $PAXG token represents one ounce of London Good Delivery gold, held in custody by Paxos Trust Company, N.A. Learn more: @bulktrade on X ↗
09-24 11:53	Bulk	Other	GOLD on BULK Trade $PAXG by @Paxos with up to 20x leverage now on @bulktrade on X ↗
09-17 15:05	Deribit	Product	🚨 Live on Deribit: Coinbase Exchange Liquidity for Spot Markets We’re excited to announce that the following spot markets on Deribit are now routed through Coinbase Exchange liquidity: BTC-USDC · ETH-USDC · XRP-USDC · BNB-USDC · SOL-USDC · PAXG-USDC Read more here: @DeribitOfficial on X ↗