PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.025%

Price spread now: Injective against Hyperliquid+0.113%113s7-day average +0.077% · you sell dearer than you buy

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

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.113%, 7d avg +0.077%

Together, before fees−0.081%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.036% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of +0.077%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.045% in total) that is about 5.5 days. 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	Hyperliquid PAXG	4,342.4	0.0083	pay 0.0010% / 1h	41m 26s	$20.8M	$2.3M	10x
Short	Injective PAXG/USDC PERP	4,347.3	0.0033	get 0.0004% / 1h	41m 26s	$1K	$151K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hyperliquid. 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 HyperliquidbpFee InjectivebpOrdersPrice spread, now +0.113%Rate

Funding earned: −$10.51
Price spread: +0.113% → +0.077%: $3.57
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$15.96
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 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 Hyperliquid live order book, 12 min ago	0.12 bp	4.9 bp −$5	6.2 bp −$62	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
Hibachi PAXG/USDT-P	−0.0176%	1h	4,343.4	+0.022%	$46K	$158K	20x	as long as short
Kraken Futures PF_PAXGUSD	−0.0101%	1h	4,343.5	+0.024%	$1.3M	$1.5M	20x	as long as short
Lighter PAXG	−0.0072%	1h	4,341	−0.033%	$1.4M	$366K	25x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,341.9	−0.013%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,345	+0.060%	$15.7M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,339.3	−0.071%	$2K	$3.5M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,346.7	+0.099%	$7.9M	$843K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,346.9	+0.103%	$906K	$691K	75x	as long as short
ApeX Omni PAXGUSDT	+0.0003%	1h	4,342.6	+0.005%	$263K	$782K	50x	as long as short
GRVT PAXG_USDT_Perp	+0.0030%	4h	4,344.4	+0.047%	$1.5M	$1.9M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PAXG/USDC PERPshort	+0.0033%	1h	4,347.3	+0.113%	$1K	$151K	30x
MEXC PAXG_USDT	+0.0044%	4h	4,343.9	+0.034%	$16.2M	$1.0M	100x	as long as short
Binance PAXGUSDT	+0.0044%	4h	4,342.1	−0.007%	$80.2M	$70.4M	75x	as long as short
Extended PAXG-USD	+0.0048%	1h	4,341	−0.033%	$379K	$1.4M	25x	as long as short
Aster PAXGUSDT	+0.0077%	4h	4,342.1	−0.006%	$906K	$26K	50x	as long as short
Hyperliquid PAXGlong	+0.0083%	1h	4,342.4	long leg	$20.8M	$2.3M	10x
Paradex PAXG-USD-PERP	+0.0099%	8h	4,342.6	+0.003%	$81K	$3.4M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,342.9	+0.012%	$557	—	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,344.4	+0.046%	$1.0M	$353K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,343.4	+0.023%	$14.9M	$3.9M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,345.3	+0.067%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,342.4	+0.001%	$9.7M	$15.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,344.1	+0.038%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,343	+0.015%	$1.3M	$795K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,343.5	+0.025%	$12.3M	$222K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,339	−0.078%	$1.5M	$39K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,342.1	−0.007%	$21K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0248%	1h	4,347.5	+0.118%	$956K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0768%	1h	4,354.2	+0.272%	$29K	$24K	10x	as long as short