PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0193%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.020%

Price spread now: Injective against Hibachi+0.670%113s7-day average +0.082% · you sell dearer than you buy

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

Long on Hibachi Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.577%−$58 on $10k

Price spread, last 4 days (all we have)−0.567%−$57 · spread now +0.670%, 7d avg +0.082%

Together, before fees−1.143%+ Points / potential airdropHibachi: Active · farm board−$114 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.588% dearer against Hibachi than usual: you sell high and buy low: +$59 more if the spread goes back to its 7-day average of +0.082%. Mind the row above: over the last 7 days funding on this pair cost −0.577%, so the current rate has only just turned in your favour. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi PAXG/USDT-P	4,318.4	−0.0160	get 0.0020% / 1h	55m 22s	$44K	$167K	20x
Short	Injective PAXG/USDC PERP	4,347.3	0.0033	get 0.0004% / 1h	55m 22s	$1K	$151K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hibachi. 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 HibachibpFee InjectivebpOrdersPrice spread, now +0.670%Rate

Funding earned: $40.6
Price spread: +0.670% → +0.082%: $58.77
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $90.35
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hibachi: live order book, 53 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 Hibachi live order book, 53 min ago	0.02 bp	19.1 bp −$19	50.8 bp −$508	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
Lighter PAXG	−0.0232%	1h	4,318.6	+0.006%	$1.4M	$392K	25x	as long as short
Hibachi PAXG/USDT-Plong	−0.0160%	1h	4,318.4	long leg	$44K	$167K	20x
GRVT PAXG_USDT_Perp	−0.0084%	4h	4,320.8	+0.055%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	−0.0066%	1h	4,319.2	+0.019%	$261K	$771K	50x	as long as short
Kraken Futures PF_PAXGUSD	−0.0044%	1h	4,320.6	+0.051%	$1.2M	$1.9M	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,321.6	+0.075%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,321.4	+0.070%	$15.6M	$3.7M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,318.1	−0.007%	$2K	$3.4M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,325.8	+0.172%	$7.9M	$835K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,327.7	+0.215%	$903K	$751K	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PAXGUSDT	+0.0003%	4h	4,319.7	+0.031%	$79.6M	$74.3M	75x	as long as short
MEXC PAXG_USDT	+0.0004%	4h	4,324.8	+0.149%	$16.5M	$1.0M	100x	as long as short
Extended PAXG-USD	+0.0008%	1h	4,319.2	+0.018%	$376K	$1.4M	25x	as long as short
Aster PAXGUSDT	+0.0028%	4h	4,320	+0.037%	$901K	$27K	50x	as long as short
Injective PAXG/USDC PERPshort	+0.0033%	1h	4,347.3	+0.670%	$1K	$151K	30x
Paradex PAXG-USD-PERP	+0.0097%	8h	4,320.4	+0.047%	$87K	$3.2M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,319.4	+0.023%	$554	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,320.1	+0.040%	$20.7M	$2.4M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,322.2	+0.089%	$1.0M	$320K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,320.5	+0.049%	$14.9M	$4.1M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,322.5	+0.096%	$28.5M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,320	+0.037%	$9.2M	$16.3M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,320.3	+0.045%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,320.8	+0.055%	$1.3M	$811K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,321.6	+0.074%	$12.3M	$221K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,317	−0.032%	$1.5M	$46K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,319.4	+0.023%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0232%	1h	4,333.5	+0.349%	$978K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0792%	1h	4,331.2	+0.297%	$29K	$24K	10x	as long as short