PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.013%

Price spread now: Injective against dYdX−0.080%7-day average +0.078% · you buy dearer than you sell

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

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 3 days (all we have)+0.205%+$21 · spread now −0.080%, 7d avg +0.078%

Together, before fees+0.376%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.158% cheaper against dYdX than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of +0.078%). If the spread goes back, that is −$16 on $10k: about 16 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.171% in total) that is about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PAXG-USD	4,350.8	0	get 0.0000% / 1h	9m 20s	$102K	$12K	5x
Short	Injective PAXG/USDC PERP	4,347.3	0.0033	get 0.0004% / 1h	9m 20s	$1K	$151K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. 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 dYdXbpFee InjectivebpOrdersPrice spread, now −0.080%Rate

Funding earned: $7
Price spread: −0.080% → +0.078%: −$15.82
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$18.84
Costs to cover: 0.100%
Break-even: 25.8 days

Slippage unknown: dYdX: live order book, 64 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 dYdX live order book, 64 min ago	22.96 bp	28.0 bp −$28	120.2 bp −$1,202	219.7 bp −$22.0K	805.8 bp −$402.9K
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
dYdX PAXG-USDlong	0.0000%	1h	4,350.8	long leg	$102K	$12K	5x
Gate PAXG_USDT	0.0000%	8h	4,353.7	+0.067%	$15.7M	$3.5M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,348.1	−0.061%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,355.7	+0.112%	$7.9M	$873K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,356.6	+0.134%	$905K	$644K	75x	as long as short
Injective PAXG/USDC PERPshort	+0.0033%	1h	4,347.3	−0.080%	$1K	$151K	30x
GRVT PAXG_USDT_Perp	+0.0046%	4h	4,350	−0.019%	$1.5M	$2.0M	10x	as long as short
Lighter PAXG	+0.0096%	1h	4,351.3	+0.013%	$1.4M	$270K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,350.8	+0.001%	$80K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,352.1	+0.030%	$20.7M	$2.1M	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	4,352.2	+0.033%	$908K	$29K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,352.5	+0.040%	$1.0M	$368K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,352.1	+0.030%	$80.3M	$70.9M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,353.8	+0.070%	$15.1M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,351.7	+0.021%	$16.2M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,354.3	+0.080%	$28.4M	$5.5M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,353	+0.051%	$9.7M	$15.1M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,352.7	+0.043%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,352.3	+0.034%	$1.4M	$833K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,351.6	+0.019%	$12.5M	$104K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,349.3	−0.033%	$263K	$786K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,351.4	+0.014%	$558	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,350	−0.018%	$1.5M	$39K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,351.1	+0.007%	$379K	$1.4M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0128%	1h	4,351.3	+0.011%	$42K	$148K	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,352.7	+0.043%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0208%	1h	4,353.2	+0.056%	$1.3M	$1.4M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0304%	1h	4,356.6	+0.135%	$973K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0984%	1h	4,362.1	+0.260%	$29K	$23K	10x	as long as short