Funding you earn now, next payment 02:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.005%
Price spread now: HTX against Injective+0.023%7-day average +0.072% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 3 days (all we have)+0.011%+$1 · spread now +0.023%, 7d avg +0.072%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.049% cheaper against Injective than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.072%). Swap the legs.
| 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 | 3m 16s | $1K | $151K | 30x |
| Short | HTX PAXG-USDT | 4,348.3 | 0 | get 0.0000% / 4h | 2h 03m | $904K | $644K | 75x |
Injective PAXG/USDC PERP
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$7
- Price spread: +0.023% → +0.072%
- −$4.91
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$23.93
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; HTX: live order book, 65 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 HTX live order book, 65 min ago | 0.84 bp | 10.7 bp −$11 | 12.6 bp −$126 | 16.6 bp −$1,661 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,343.8 | −0.081% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,346 | −0.030% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,338.7 | −0.198% | $2K | $3.7M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,348.2 | +0.021% | $7.9M | $870K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,348.3 | +0.023% | $904K | $644K | 75x | |
| Injective PAXG/USDC PERPlong | +0.0033% | 1h | 4,347.3 | long leg | $1K | $151K | 30x | |
| Hibachi PAXG/USDT-P | +0.0040% | 1h | 4,344.6 | −0.062% | $42K | $156K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0060% | 4h | 4,343.8 | −0.080% | $1.5M | $2.0M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,344.5 | −0.065% | $1.4M | $305K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,343.2 | −0.094% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,344.8 | −0.058% | $20.7M | $2.2M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,344 | −0.075% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,345 | −0.052% | $1.0M | $342K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,344.8 | −0.057% | $80.1M | $70.8M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,346.3 | −0.023% | $15.1M | $3.5M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,345.3 | −0.046% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,346.7 | −0.013% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,345.8 | −0.035% | $9.6M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,345.2 | −0.049% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,346.3 | −0.022% | $1.3M | $803K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,344.6 | −0.062% | $12.5M | $109K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,343.5 | −0.087% | $263K | $791K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,343.1 | −0.097% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,344 | −0.076% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,343.3 | −0.091% | $378K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,344.7 | −0.059% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0247% | 1h | 4,345.5 | −0.042% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0312% | 1h | 4,348.8 | +0.035% | $971K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,354.7 | +0.170% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD