PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.029%

Price spread now: Deribit against Extended+0.123%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.123%, 7d avg +0.100%

Together, before fees−0.149%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.023% dearer against Extended than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of +0.100%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PAXG-USD	4,332.9	0.0040	pay 0.0005% / 1h	30m 44s	$378K	$1.4M	25x
Short	Deribit PAXG_USDC-PERPETUAL	4,338.2	0	get 0.0000% / 1h	30m 44s	$7.9M	$868K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Extended. 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 ExtendedbpFee DeribitbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$8.4
Price spread: +0.123% → +0.100%: $2.29
Slippage, 4 orders: −$11.01
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.12
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Deribit: live order book, 3 min ago.

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 Extended live order book, 3 min ago	0.12 bp	2.7 bp −$3	4.1 bp −$41	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	3.27 bp	7.2 bp −$7	12.9 bp −$129	doesn't fit	doesn't fit

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	−0.0168%	1h	4,335.3	+0.054%	$42K	$154K	20x	as long as short
Lighter PAXG	−0.0160%	1h	4,333	+0.001%	$1.4M	$368K	25x	as long as short
GRVT PAXG_USDT_Perp	−0.0114%	4h	4,335.2	+0.051%	$1.5M	$1.9M	10x	as long as short
ApeX Omni PAXGUSDT	−0.0077%	1h	4,334.3	+0.033%	$262K	$786K	50x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,334.8	+0.043%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,336.6	+0.085%	$15.6M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,329.5	−0.079%	$1K	$3.6M	20x	as long as short
Deribit PAXG_USDC-PERPETUALshort	0.0000%	1h	4,338.2	+0.123%	$7.9M	$868K	50x
HTX PAXG-USDT	0.0000%	4h	4,342.8	+0.227%	$903K	$687K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.332%	$1K	$151K	30x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PAXG-USDlong	+0.0040%	1h	4,332.9	long leg	$378K	$1.4M	25x
Binance PAXGUSDT	+0.0043%	4h	4,333.9	+0.022%	$79.9M	$70.8M	75x	as long as short
MEXC PAXG_USDT	+0.0044%	4h	4,337.3	+0.100%	$16.1M	$1.0M	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0065%	1h	4,335.5	+0.059%	$1.3M	$1.4M	20x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,335	+0.048%	$81K	$3.6M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,334.6	+0.039%	$556	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,334.4	+0.034%	$20.7M	$2.3M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,334.3	+0.032%	$904K	$27K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,337.1	+0.095%	$1.0M	$342K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,335.7	+0.064%	$14.9M	$3.8M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,337.5	+0.106%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,334.4	+0.033%	$9.7M	$15.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,335.7	+0.063%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,335	+0.047%	$1.3M	$799K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,335	+0.048%	$12.3M	$227K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,332	−0.021%	$1.5M	$38K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,334.6	+0.038%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0296%	1h	4,339.5	+0.152%	$987K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0960%	1h	4,345.5	+0.290%	$29K	$24K	10x	as long as short