PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0215%/8h= +23.5% APRnext payment +$0.27 per $10,000 · paid last 24h +0.079%

Price spread now: Coinbase International against Injective−0.115%7-day average +0.009% · you buy dearer than you sell

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.376%+$38 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.115%, 7d avg +0.009%

Together, before fees+0.523%+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.123% cheaper against Injective than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.009%). If the spread goes back, that is −$12 on $10k: about 46 hours of funding at the current rate (+$6 a day).

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	56m 30s	$1K	$151K	30x
Short	Coinbase International PAXG-PERP-INTX	4,342.3	0.0248	get 0.0031% / 1h	56m 30s	$955K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now −0.115%Rate

Funding earned: $45.08
Price spread: −0.115% → +0.009%: −$12.35
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $22.71
Costs to cover: 0.100%
Break-even: 3.5 days

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	1.61 bp	6.6 bp −$7	14.2 bp −$142	149.5 bp −$14.9K	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	−0.0208%	1h	4,340.9	−0.147%	$46K	$158K	20x	as long as short
Lighter PAXG	−0.0136%	1h	4,338.9	−0.194%	$1.4M	$365K	25x	as long as short
Kraken Futures PF_PAXGUSD	−0.0101%	1h	4,341.1	−0.143%	$1.3M	$1.5M	20x	as long as short
ApeX Omni PAXGUSDT	−0.0037%	1h	4,338.9	−0.192%	$262K	$786K	50x	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	4,342.6	−0.108%	$15.6M	$3.3M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,336.6	−0.245%	$2K	$3.5M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,343.8	−0.080%	$7.9M	$843K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,341.7	−0.129%	$904K	$691K	75x	as long as short
GRVT PAXG_USDT_Perp	+0.0002%	4h	4,339.9	−0.169%	$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
Extended PAXG-USD	+0.0032%	1h	4,339.3	−0.184%	$379K	$1.4M	25x	as long as short
MEXC PAXG_USDT	+0.0032%	4h	4,341.9	−0.124%	$16.2M	$1.0M	100x	as long as short
Injective PAXG/USDC PERPlong	+0.0033%	1h	4,347.3	long leg	$1K	$151K	30x
Binance PAXGUSDT	+0.0034%	4h	4,340.7	−0.153%	$80.1M	$70.4M	75x	as long as short
Aster PAXGUSDT	+0.0073%	4h	4,340.3	−0.161%	$905K	$26K	50x	as long as short
Hyperliquid PAXG	+0.0082%	1h	4,341	−0.145%	$20.8M	$2.3M	10x	as long as short
Paradex PAXG-USD-PERP	+0.0099%	8h	4,341	−0.144%	$81K	$3.4M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,340.5	−0.156%	$557	—	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,342.1	−0.120%	$1.0M	$343K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,341.3	−0.138%	$14.9M	$3.8M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,342.7	−0.107%	$28.6M	$5.2M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,341.3	−0.139%	$9.7M	$15.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,341.2	−0.140%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,340.4	−0.159%	$1.3M	$798K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,339.2	−0.187%	$12.3M	$222K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,337	−0.237%	$1.5M	$38K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,340.7	−0.152%	$21K	—	100x	as long as short
Coinbase International PAXG-PERP-INTXshort	+0.0248%	1h	4,342.3	−0.115%	$955K	$1.1M	50x
01 Exchange PAXGUSD	+0.0752%	1h	4,350.6	+0.076%	$29K	$24K	10x	as long as short