Funding you earn now, next payment 05:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.025%
Price spread now: Injective against Binance+0.241%117s7-day average +0.096% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.241%, 7d avg +0.096%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 0.145% dearer against Binance than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.096%. The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PAXGUSDT | 4,336.8 | 0.0034 | pay 0.0017% / 4h | 3h 09m | $79.9M | $70.4M | 75x |
| Short | Injective PAXG/USDC PERP | 4,347.3 | 0.0033 | get 0.0004% / 1h | 9m 23s | $1K | $151K | 30x |
Binance PAXGUSDT
Injective PAXG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- −$0.22
- Price spread: +0.241% → +0.096%
- $14.52
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $4.28
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 3 min ago; Injective: 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 Binance live order book, 3 min ago | 0.01 bp | 5.0 bp −$5 | 5.7 bp −$57 | 9.7 bp −$972 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0184% | 1h | 4,336 | −0.018% | $42K | $157K | 20x | as long as short |
| Lighter PAXG | −0.0152% | 1h | 4,335.7 | −0.026% | $1.4M | $368K | 25x | as long as short |
| ApeX Omni PAXGUSDT | −0.0025% | 1h | 4,335.7 | −0.027% | $262K | $786K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0008% | 4h | 4,337.6 | +0.018% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.3 | +0.034% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,339.1 | +0.052% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,332 | −0.112% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,340.3 | +0.079% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,340.4 | +0.083% | $903K | $689K | 75x | as long as short |
| Extended PAXG-USD | +0.0032% | 1h | 4,335.5 | −0.031% | $379K | $1.5M | 25x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERPshort | +0.0033% | 1h | 4,347.3 | +0.241% | $1K | $151K | 30x | |
| MEXC PAXG_USDT | +0.0034% | 4h | 4,339.1 | +0.051% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDTlong | +0.0034% | 4h | 4,336.8 | long leg | $79.9M | $70.4M | 75x | |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,337.4 | +0.013% | $1.3M | $1.4M | 20x | as long as short |
| Aster PAXGUSDT | +0.0082% | 4h | 4,336.4 | −0.009% | $905K | $27K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,337 | +0.004% | $81K | $3.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0099% | 1h | 4,336.8 | −0.001% | $20.8M | $2.3M | 10x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.8 | −0.047% | $556 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,339 | +0.050% | $1.0M | $341K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,337.8 | +0.022% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,339.7 | +0.066% | $28.6M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,337.5 | +0.015% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,337.3 | +0.011% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,337.1 | +0.006% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,336.2 | −0.014% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,335 | −0.042% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,336.6 | −0.005% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,339.1 | +0.052% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0880% | 1h | 4,348.3 | +0.264% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Kraken Futures PF_PAXGUSD
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Orderly PERP_PAXG_USDC_mythos
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
01 Exchange PAXGUSD