Funding you earn now, next payment 06:00 UTC+0.0111%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.027%
Price spread now: Reya against Hyperliquid−0.002%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PAXG | 4,320.1 | 0.0079 | pay 0.0010% / 1h | 22m 05s | $20.7M | $2.4M | 10x |
| Short | Reya PAXGRUSDPERP | 4,320 | 0.0189 | get 0.0024% / 1h | 22m 05s | $20K | — | 100x |
Hyperliquid PAXG
Reya PAXGRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $23.28
- Price spread: −0.002% → 0.000%
- −$0.23
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $8.06
- Costs to cover
- 0.150%
- Break-even
- 4.6 days
Slippage unknown: Hyperliquid: live order book, 11 min ago; Reya: 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, 11 min ago | 0.81 bp | 5.3 bp −$5 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | −0.0168% | 1h | 4,317.2 | −0.066% | $40K | $165K | 20x | as long as short |
| Lighter PAXG | −0.0144% | 1h | 4,318.8 | −0.030% | $1.4M | $388K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,321.5 | +0.031% | $1.2M | $1.9M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0029% | 1h | 4,324.2 | +0.095% | $261K | $784K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0014% | 4h | 4,327 | +0.159% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.4 | −0.062% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,322.2 | +0.049% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,317 | −0.072% | $1K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,324.3 | +0.097% | $7.9M | $839K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,324.2 | +0.096% | $902K | $729K | 75x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0024% | 1h | 4,319 | −0.025% | $377K | $1.4M | 25x | as long as short |
| Binance PAXGUSDT | +0.0027% | 4h | 4,320.2 | +0.002% | $79.5M | $73.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0030% | 4h | 4,322.4 | +0.054% | $16.4M | $1.1M | 100x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.630% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0055% | 4h | 4,320 | −0.001% | $901K | $27K | 50x | as long as short |
| Hyperliquid PAXGlong | +0.0079% | 1h | 4,320.1 | long leg | $20.7M | $2.4M | 10x | |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,320.2 | +0.002% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,320.4 | +0.007% | $554 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,321.2 | +0.025% | $1.0M | $349K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,320.7 | +0.013% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,322.7 | +0.061% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,318.1 | −0.047% | $9.7M | $15.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,320.8 | +0.017% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,320.8 | +0.015% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.4 | +0.147% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,318 | −0.049% | $1.5M | $36K | 50x | as long as short |
| Reya PAXGRUSDPERPshort | +0.0189% | 1h | 4,320 | −0.002% | $20K | — | 100x | |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,321.3 | +0.028% | $950K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,330.4 | +0.238% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD