PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.022%

Price spread now: Lighter against Injective+0.364%7-day average −0.101% · you sell dearer than you buy

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

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)−0.484%−$48 · spread now +0.364%, 7d avg −0.101%

Together, before fees−0.418%+ Points / potential airdropLighter: Season 3 · farm board−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.465% dearer against Injective than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of −0.101%.

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	58m 47s	$1K	$151K	30x
Short	Lighter PAXG	4,363.1	0.0096	get 0.0012% / 1h	58m 47s	$1.4M	$262K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.364%Rate

Funding earned: $13.16
Price spread: +0.364% → −0.101%: $46.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $59.6
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 8 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 Lighter live order book, 8 min ago	1.23 bp	1.3 bp −$1	5.9 bp −$59	21.9 bp −$2,189	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	4,362.4	+0.347%	$102K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,365.9	+0.428%	$15.8M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,360.2	+0.298%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,367.4	+0.461%	$8.0M	$866K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,367.4	+0.463%	$912K	$654K	75x	as long as short
Injective PAXG/USDC PERPlong	+0.0033%	1h	4,347.3	long leg	$1K	$151K	30x
Lighter PAXGshort	+0.0096%	1h	4,363.1	+0.364%	$1.4M	$262K	25x
Paradex PAXG-USD-PERP	+0.0100%	8h	4,364.1	+0.385%	$81K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,363.9	+0.382%	$20.5M	$1.9M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,364.2	+0.388%	$910K	$30K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PAXG	+0.0100%	1h	4,365.4	+0.416%	$1.0M	$365K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,363.9	+0.382%	$80.1M	$70.2M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,365.3	+0.413%	$15.2M	$3.7M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,361.5	+0.326%	$16.2M	$1.1M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,366	+0.429%	$28.5M	$5.6M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,364.5	+0.396%	$9.6M	$15.1M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,364.6	+0.399%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,365.1	+0.409%	$1.4M	$972K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,365.6	+0.420%	$12.5M	$104K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,365.9	+0.427%	$1.5M	$2.1M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,364.1	+0.387%	$264K	$792K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,363.8	+0.380%	$560	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,360	+0.292%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,362.8	+0.356%	$379K	$1.2M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0136%	1h	4,365.4	+0.416%	$42K	$155K	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,364.1	+0.386%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0208%	1h	4,364.9	+0.404%	$1.3M	$1.5M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0304%	1h	4,367.6	+0.467%	$976K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1128%	1h	4,374.8	+0.633%	$29K	$23K	10x	as long as short