Funding you earn now, next payment 05:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.025%
Price spread now: Binance against Injective−0.225%77s7-day average −0.096% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.225%, 7d avg −0.096%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.129% cheaper against Injective than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.096%. The two prices were read 77 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 | Injective PAXG/USDC PERP | 4,347.3 | 0.0033 | pay 0.0004% / 1h | 7m 53s | $1K | $151K | 30x |
| Short | Binance PAXGUSDT | 4,337.5 | 0.0034 | get 0.0017% / 4h | 3h 07m | $79.9M | $70.4M | 75x |
Injective PAXG/USDC PERP
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- $0.22
- Price spread: −0.225% → −0.096%
- −$12.95
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$22.74
- Costs to cover
- 0.100%
- Break-even
- 717.7 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 5 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 5 min ago | 0.01 bp | 5.0 bp −$5 | 5.8 bp −$58 | 9.1 bp −$905 | doesn't fit |
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 | −0.0184% | 1h | 4,336.6 | −0.247% | $42K | $157K | 20x | as long as short |
| Lighter PAXG | −0.0152% | 1h | 4,335.5 | −0.272% | $1.4M | $368K | 25x | as long as short |
| ApeX Omni PAXGUSDT | −0.0025% | 1h | 4,335.7 | −0.267% | $262K | $786K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0008% | 4h | 4,337.6 | −0.223% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.3 | −0.207% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,339 | −0.191% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,333 | −0.328% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,340.9 | −0.147% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,340.6 | −0.154% | $903K | $689K | 75x | as long as short |
| Extended PAXG-USD | +0.0032% | 1h | 4,336.3 | −0.253% | $379K | $1.5M | 25x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERPlong | +0.0033% | 1h | 4,347.3 | long leg | $1K | $151K | 30x | |
| MEXC PAXG_USDT | +0.0034% | 4h | 4,339.2 | −0.186% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDTshort | +0.0034% | 4h | 4,337.5 | −0.225% | $79.9M | $70.4M | 75x | |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,337.7 | −0.220% | $1.3M | $1.4M | 20x | as long as short |
| Aster PAXGUSDT | +0.0081% | 4h | 4,336.4 | −0.250% | $905K | $27K | 50x | as long as short |
| Hyperliquid PAXG | +0.0096% | 1h | 4,336.6 | −0.246% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,337 | −0.237% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.7 | −0.290% | $556 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,339 | −0.191% | $1.0M | $341K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,338.5 | −0.202% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,340 | −0.168% | $28.6M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,337.3 | −0.230% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,337.2 | −0.233% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,337.6 | −0.223% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,336.2 | −0.254% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,334 | −0.306% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,336.6 | −0.245% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,339.1 | −0.189% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0880% | 1h | 4,348.3 | +0.023% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Kraken Futures PF_PAXGUSD
Aster PAXGUSDT
Hyperliquid PAXG
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
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD