PAXG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	HyperliquidPAXG	4,198.8	+0.0100	pay 0.0013% / 1h	45m 34s	$22.8M	$1.7M	10x	Long Hyperliquid4% off
SHORT	BulkPAXG-USD	4,194	+0.0100	get 0.0013% / 1h	45m 34s	$846K	$2.0M	20x	Short Bulk

Price gap−0.114%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.040% under its 7d average: the price leg works against you, −$4 on $10k if it goes back.

If you open now and hold

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

Funding−$70.0000% /8h now · paid −0.067% over the last 7D

Price−$4spread −0.114% now, avg −0.074% → −0.040% if it goes back

Costs−$200.202% of $10k · taker + slippage, in and out

Result−$31−0.31%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest

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−0.114%

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 28 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

OK: Fits both order books4.8 / 4.8 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,000 + $500
Hyperliquid 10x, 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: $0.00Long Hyperliquid: 24 payments, −$3.00; short Bulk: 24 payments, +$3.00.
Watch: Gap narrower than usual−0.114% vs −0.074%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$846K vs $22.8M OI
Bulk sets your exit cost. Check its book before closing.
OK: Points on a legHyperliquid Season 2
Volume here counts toward the points program.
OK: No KYC on either legHyperliquid 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−0.0033%/8h × 21 periods−$6.90

Price spread−0.114% → −0.074% (7d avg)−$4.00

Slippage, 4 orderslive order books−$4.21

Fee Hyperliquid bp × 2 orders−$9.00

Fee Bulk bp × 2 orders−$7.00

Net · 7 days · $10k−$31.11

Costs to cover0.202%Break-evennever at this rate

Slippage: Hyperliquid: live order book, 4 min ago; Bulk: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGHyperliquid0.124.8 bp−$55.7 bp−$5714.3 bp−$1,433doesn’t fit

SELL · SHORTBulk0.004.8 bp−$56.7 bp−$67doesn’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 ↗