PAXG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	HibachiPAXG/USDT-P	4,171.9	+0.0416	pay 0.0052% / 1h	59m 53s	$41K	$133K	20x	Long Hibachi
SHORT	BulkPAXG-USD	4,167.7	+0.0100	get 0.0013% / 1h	59m 53s	$836K	$1.8M	20x	Short Bulk

Price gap−0.101%

Funding gap−0.0316% /8h

Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.059% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$5−0.0316% /8h now · paid −0.045% over the last 7D

Price−$6spread −0.101% now, avg −0.042% → −0.059% if it goes back

Costs−$210.210% of $10k · taker + slippage, in and out

Result−$31−0.31%+ Points / potential airdropHibachi: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.045% in total, about −0.0022%/8h on average.

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−0.101%

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 29 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Large against open interest4.8 / 5.0 bp
$10k is over 10% of Hibachi’s open interest.
Note: Margin at max leverage$500 + $500
Hibachi 20x, 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: −$9.48Long Hibachi: 24 payments, −$12.48; short Bulk: 24 payments, +$3.00.
Watch: Gap narrower than usual−0.101% vs −0.042%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$41K vs $836K OI
Hibachi sets your exit cost. Check its book before closing.
OK: Points on a legHibachi points
Volume here counts toward the points program.
OK: No KYC on either legHibachi No · Bulk No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0022%/8h × 21 periods−$4.63

Price spread−0.101% → −0.042% (7d avg)−$5.87

Slippage, 4 orderslive order books−$5.00

Fee Hibachi bp × 2 orders−$9.00

Fee Bulk bp × 2 orders−$7.00

Net · 7 days · $10k−$31.49

Costs to cover0.210%Break-evennever at this rate

Slippage: Hibachi: live order book, 14 min ago; Bulk: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGHibachi0.234.8 bp−$546.6 bp−$466doesn’t fitdoesn’t fit

SELL · SHORTBulk0.005.0 bp−$57.2 bp−$72doesn’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 ↗