PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0215%/8h= −23.5% APRnext payment −$0.27 per $10,000 · paid last 24h −0.078%

Price spread now: Injective against Coinbase International+0.560%64s7-day average −0.007% · you sell dearer than you buy

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

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.379%−$38 on $10k

Price spread, last 4 days (all we have)−0.583%−$58 · spread now +0.560%, 7d avg −0.007%

Together, before fees−0.962%−$96 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.567% dearer against Coinbase International than usual: you sell high and buy low (spread +0.560% now, against its 7-day average of −0.007%): +$57 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8.8 days. The two prices were read 64 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	Coinbase International PAXG-PERP-INTX	4,323.1	0.0248	pay 0.0031% / 1h	17m 53s	$951K	$1.1M	50x
Short	Injective PAXG/USDC PERP	4,347.3	0.0033	get 0.0004% / 1h	17m 53s	$1K	$151K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now +0.560%Rate

Funding earned: −$45.08
Price spread: +0.560% → −0.007%: $56.7
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1.6
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago	2.86 bp	7.9 bp −$8	9.3 bp −$93	doesn't fit	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	−0.0160%	1h	4,319.8	−0.077%	$40K	$165K	20x	as long as short
Lighter PAXG	−0.0144%	1h	4,320.3	−0.065%	$1.4M	$389K	25x	as long as short
Kraken Futures PF_PAXGUSD	−0.0102%	1h	4,323.6	+0.010%	$1.2M	$1.9M	20x	as long as short
ApeX Omni PAXGUSDT	−0.0039%	1h	4,315.7	−0.171%	$261K	$783K	50x	as long as short
GRVT PAXG_USDT_Perp	−0.0032%	4h	4,319.2	−0.091%	$1.5M	$1.9M	10x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,321.1	−0.047%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,322.8	−0.007%	$15.6M	$3.7M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,319.2	−0.091%	$2K	$3.5M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,326.1	+0.069%	$7.9M	$839K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,325.1	+0.045%	$902K	$735K	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PAXGUSDT	+0.0021%	4h	4,321.7	−0.031%	$79.7M	$74.2M	75x	as long as short
MEXC PAXG_USDT	+0.0022%	4h	4,323.9	+0.017%	$16.4M	$1.1M	100x	as long as short
Extended PAXG-USD	+0.0024%	1h	4,320.9	−0.050%	$377K	$1.4M	25x	as long as short
Injective PAXG/USDC PERPshort	+0.0033%	1h	4,347.3	+0.560%	$1K	$151K	30x
Aster PAXGUSDT	+0.0050%	4h	4,321.3	−0.043%	$902K	$27K	50x	as long as short
Hyperliquid PAXG	+0.0086%	1h	4,322	−0.026%	$20.7M	$2.4M	10x	as long as short
Paradex PAXG-USD-PERP	+0.0097%	8h	4,321.1	−0.047%	$81K	$3.3M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,320.8	−0.053%	$554	—	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,322	−0.026%	$1.0M	$348K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,322.8	−0.007%	$14.9M	$4.0M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,324.2	+0.026%	$28.5M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,322.6	−0.013%	$9.3M	$16.0M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,321.4	−0.041%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,322.7	−0.009%	$1.3M	$814K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,317.2	−0.137%	$12.3M	$222K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,321	−0.049%	$1.5M	$45K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,321	−0.050%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTXlong	+0.0248%	1h	4,323.1	long leg	$951K	$1.1M	50x
01 Exchange PAXGUSD	+0.0816%	1h	4,331.5	+0.194%	$29K	$24K	10x	as long as short