PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.24 per $10,000 · paid last 24h +0.057%

Price spread now: Reya against Deribit−0.128%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.128% cheaper against Deribit than usual: you would sell low and buy high (spread −0.128% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.2 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PAXG_USDC-PERPETUAL	4,347.2	0	get 0.0000% / 1h	52m 00s	$7.9M	$843K	50x
Short	Reya PAXGRUSDPERP	4,341.7	0.0189	get 0.0024% / 1h	52m 00s	$21K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.128%Rate

Funding earned: $39.79
Price spread: −0.128% → 0.000%: −$12.77
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $14.02
Costs to cover: 0.130%
Break-even: 4.5 days

Slippage unknown: Deribit: live order book, 2 min ago; Reya: 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	1.80 bp	9.7 bp −$10	16.5 bp −$165	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0200%	1h	4,340.6	−0.153%	$46K	$158K	20x	as long as short
Kraken Futures PF_PAXGUSD	−0.0101%	1h	4,344.1	−0.072%	$1.3M	$1.5M	20x	as long as short
Lighter PAXG	−0.0088%	1h	4,341.5	−0.131%	$1.4M	$365K	25x	as long as short
ApeX Omni PAXGUSDT	−0.0033%	1h	4,339.6	−0.174%	$262K	$785K	50x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,341.9	−0.123%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,344.7	−0.058%	$15.6M	$3.3M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,337.8	−0.216%	$2K	$3.5M	20x	as long as short
Deribit PAXG_USDC-PERPETUALlong	0.0000%	1h	4,347.2	long leg	$7.9M	$843K	50x
HTX PAXG-USDT	0.0000%	4h	4,344.5	−0.062%	$905K	$691K	75x	as long as short
GRVT PAXG_USDT_Perp	+0.0004%	4h	4,340.2	−0.162%	$1.5M	$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
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.002%	$1K	$151K	30x	as long as short
MEXC PAXG_USDT	+0.0034%	4h	4,344.3	−0.067%	$16.2M	$1.0M	100x	as long as short
Binance PAXGUSDT	+0.0037%	4h	4,343.8	−0.078%	$80.2M	$70.4M	75x	as long as short
Extended PAXG-USD	+0.0040%	1h	4,341.7	−0.127%	$379K	$1.4M	25x	as long as short
Aster PAXGUSDT	+0.0074%	4h	4,342.9	−0.100%	$906K	$26K	50x	as long as short
Hyperliquid PAXG	+0.0096%	1h	4,343.3	−0.090%	$20.8M	$2.3M	10x	as long as short
Paradex PAXG-USD-PERP	+0.0099%	8h	4,340	−0.167%	$81K	$3.4M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,342.9	−0.099%	$557	—	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,341.5	−0.132%	$1.0M	$343K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,344.5	−0.062%	$14.9M	$3.8M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,345.7	−0.034%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,344.1	−0.073%	$9.8M	$15.3M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,343.5	−0.085%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,343.8	−0.079%	$1.3M	$793K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,340.8	−0.148%	$12.3M	$222K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,339	−0.189%	$1.5M	$39K	50x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,341.7	−0.128%	$21K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0248%	1h	4,342.3	−0.113%	$955K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0760%	1h	4,351.4	+0.096%	$29K	$24K	10x	as long as short