PAXG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	DeribitPAXG_USDC-PERPETUAL	4,199.1	0	0.0000% / 1h	44m 29s	$7.9M	$103K	50x	Long Deribit
SHORT	BulkPAXG-USD	4,194	+0.0100	get 0.0013% / 1h	44m 29s	$846K	$2.0M	20x	Short Bulk

Price gap−0.121%

Funding gap+0.0100% /8h

Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

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

Funding+$14+0.0100% /8h now · paid +0.138% over the last 7D

Price$0spread −0.121% now, avg −0.125% → +0.004% if it goes back

Costs−$260.257% of $10k · taker + slippage, in and out

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

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−0.121%

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

2 ok · 2 to watch

OK: Fits both order books8.4 / 4.6 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$200 + $500
Deribit 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: +$3.00Long Deribit: 24 payments, $0.00; short Bulk: 24 payments, +$3.00.
Note: Gap at its usual level−0.121% vs −0.125%
The price leg adds little either way.
Watch: Short leg is thinner$846K vs $7.9M OI
Bulk sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCDeribit Yes · Bulk No
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0068%/8h × 21 periods+$14.28

Price spread−0.121% → −0.125% (7d avg)+$0.37

Slippage, 4 orderslive order books−$11.74

Fee Deribit bp × 2 orders−$7.00

Fee Bulk bp × 2 orders−$7.00

Net · 7 days · $10k−$11.08

Costs to cover0.257%Break-even12.4 days

Slippage: Deribit: live order book, 1 min ago; Bulk: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGDeribit4.938.4 bp−$814.9 bp−$149doesn’t fitdoesn’t fit

SELL · SHORTBulk0.004.6 bp−$57.1 bp−$71doesn’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 ↗