PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.13 per $10,000 · paid last 24h +0.007%

Price spread now: Injective against Deribit−0.093%7-day average +0.041% · you buy dearer than you sell

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

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 3 days (all we have)+0.122%+$12 · spread now −0.093%, 7d avg +0.041%

Together, before fees+0.261%+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 0.134% cheaper against Deribit than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.138%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PAXG_USDC-PERPETUAL	4,341	0	get 0.0000% / 1h	26m 49s	$7.9M	$837K	50x
Short	Injective PAXG/USDC PERP	4,337	−0.0101	pay 0.0013% / 1h	26m 49s	$1K	$121K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now −0.093%Rate

Funding earned: −$21.29
Price spread: −0.093% → +0.041%: −$13.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$41.67
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 2 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 Deribit live order book, 2 min ago	1.69 bp	6.8 bp −$7	14.6 bp −$146	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
Injective PAXG/USDC PERPshort	−0.0101%	1h	4,337	−0.093%	$1K	$121K	30x
Hibachi PAXG/USDT-P	−0.0032%	1h	4,338.4	−0.060%	$41K	$156K	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,339.9	−0.026%	$101K	$18K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,339.4	−0.037%	$15.7M	$4.2M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,334.8	−0.143%	$2K	$4.1M	20x	as long as short
Deribit PAXG_USDC-PERPETUALlong	0.0000%	1h	4,341	long leg	$7.9M	$837K	50x
HTX PAXG-USDT	0.0000%	4h	4,341.8	+0.018%	$906K	$657K	75x	as long as short
Lighter PAXG	+0.0096%	1h	4,336.2	−0.110%	$1.4M	$520K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,337.5	−0.081%	$80K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,337.4	−0.083%	$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	4,337.7	−0.076%	$906K	$76K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,339.1	−0.045%	$1.0M	$351K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,337.2	−0.088%	$79.9M	$70.1M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,338	−0.070%	$14.8M	$3.7M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,338.8	−0.051%	$15.9M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,339.4	−0.036%	$26.7M	$5.4M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,337.8	−0.074%	$9.2M	$14.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,337.8	−0.074%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,338.8	−0.052%	$1.4M	$1.3M	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,337.1	−0.091%	$12.4M	$114K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,337.4	−0.084%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,335.6	−0.124%	$262K	$797K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,337.2	−0.088%	$557	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,335	−0.139%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,336.7	−0.100%	$377K	$1.2M	25x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,337.4	−0.082%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0224%	1h	4,337.8	−0.075%	$1.3M	$1.5M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0320%	1h	4,343	+0.045%	$998K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1400%	1h	4,355.3	+0.329%	$29K	$21K	10x	as long as short