PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%

Price spread now: Reya against Backpack−0.022%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.022% cheaper against Backpack than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PAXG_USDC_PERP	4,338.2	0.0100	pay 0.0013% / 1h	31m 52s	$1.4M	$1.3M	50x
Short	Reya PAXGRUSDPERP	4,337.3	0.0189	get 0.0024% / 1h	31m 52s	$21K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee ReyabpOrdersPrice spread, now −0.022%Rate

Funding earned: $18.79
Price spread: −0.022% → 0.000%: −$2.23
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $0.56
Costs to cover: 0.160%
Break-even: 6.8 days

Slippage unknown: Backpack: live order book, 2 min ago; Reya: no order-book sample. 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 Backpack live order book, 2 min ago	0.01 bp	5.7 bp −$6	8.2 bp −$82	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Injective PAXG/USDC PERP	−0.0101%	1h	4,337	−0.028%	$1K	$121K	30x	as long as short
Hibachi PAXG/USDT-P	−0.0032%	1h	4,337.4	−0.019%	$41K	$156K	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,339.9	+0.039%	$101K	$18K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,339.5	+0.030%	$15.7M	$4.2M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,334.3	−0.090%	$2K	$4.1M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,341.2	+0.069%	$7.9M	$837K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,342.5	+0.098%	$907K	$658K	75x	as long as short
Lighter PAXG	+0.0096%	1h	4,335.9	−0.053%	$1.4M	$520K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,336.7	−0.036%	$80K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,337	−0.028%	$20.3M	$1.9M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PAXGUSDT	+0.0100%	4h	4,337	−0.029%	$906K	$76K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,338.1	−0.004%	$1.0M	$352K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,336.8	−0.032%	$79.9M	$70.0M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,337.2	−0.024%	$14.8M	$3.7M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,338.1	−0.003%	$15.9M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,339.5	+0.029%	$26.7M	$5.4M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,338	−0.005%	$9.2M	$14.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,338.1	−0.003%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERPlong	+0.0100%	1h	4,338.2	long leg	$1.4M	$1.3M	50x
Variational Omni PAXG	+0.0100%	4h	4,336.4	−0.042%	$12.4M	$114K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,337.1	−0.026%	$1.5M	$2.1M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,336.5	−0.041%	$262K	$796K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,337.2	−0.024%	$557	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,333	−0.120%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,336.3	−0.045%	$377K	$1.2M	25x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,337.3	−0.022%	$21K	—	100x
Kraken Futures PF_PAXGUSD	+0.0224%	1h	4,337.9	−0.007%	$1.3M	$1.5M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0320%	1h	4,343	+0.109%	$998K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1416%	1h	4,354.8	+0.382%	$29K	$21K	10x	as long as short