PAXG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BulkPAXG-USD	4,194	+0.0100	pay 0.0013% / 1h	43m 25s	$846K	$2.0M	20x	Long Bulk
SHORT	HibachiPAXG/USDT-P	4,197.8	+0.0440	get 0.0055% / 1h	43m 25s	$41K	$132K	20x	Short Hibachi

Price gap+0.090%

Funding gap+0.0340% /8h

Both sides work: funding pays +$10 a day on $10k, and the gap is 0.049% above its 7d average: +$5 more if it goes back.

If you open now and hold

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

Funding+$4+0.0340% /8h now · paid +0.042% over the last 7D

Price+$5spread +0.090% now, avg +0.042% → +0.049% if it goes back

Costs−$390.393% of $10k · taker + slippage, in and out

Result−$30−0.30%+ Points / potential airdropHibachi: points · farm boardWhat 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 +0.042% in total, about +0.0021%/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+0.090%

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 28 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

Watch: Thin at this size4.3 / 15.5 bp
At $10k entering Hibachi costs 15.5 bp, fee and slippage, 3.6× Bulk’s.
Note: Margin at max leverage$500 + $500
Bulk 20x, Hibachi 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: +$10.20Long Bulk: 24 payments, −$3.00; short Hibachi: 24 payments, +$13.20.
OK: Entry gap works for you+0.090% vs +0.042%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$41K vs $846K OI
Hibachi sets your exit cost. Check its book before closing.
OK: Points on a legHibachi points
Volume here counts toward the points program.
OK: No KYC on either legBulk No · Hibachi No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0021%/8h × 21 periods+$4.36

Price spread+0.090% → +0.042% (7d avg)+$4.86

Slippage, 4 orderslive order books−$23.28

Fee Bulk bp × 2 orders−$7.00

Fee Hibachi bp × 2 orders−$9.00

Net · 7 days · $10k−$30.06

Costs to cover0.393%Break-even55.3 days

Slippage: Bulk: live order book, 2 min ago; Hibachi: live order book, 17 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBulk0.004.3 bp−$46.2 bp−$62doesn’t fitdoesn’t fit

SELL · SHORTHibachi0.1415.5 bp−$1651.6 bp−$516doesn’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 ↗