PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.052%

Price spread now: Reya against Injective−0.642%52s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Reya

What this pair did over the last

the charts below follow

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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.642% cheaper against Injective than usual: you would sell low and buy high (spread −0.642% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$64 on $10k: about 14 days of funding at the current rate (+$5 a day). The two prices were read 52 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	13m 51s	$1K	$151K	30x
Short	Reya PAXGRUSDPERP	4,319.4	0.0189	get 0.0024% / 1h	13m 51s	$20K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ReyabpOrdersPrice spread, now −0.642%Rate

Funding earned: $32.79
Price spread: −0.642% → 0.000%: −$64.24
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: −$37.47
Costs to cover: 0.060%
Break-even: 15.0 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Injective and 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	−0.0152%	1h	4,324	−0.536%	$42K	$167K	20x	as long as short
Lighter PAXG	−0.0136%	1h	4,318.7	−0.657%	$1.4M	$391K	25x	as long as short
Kraken Futures PF_PAXGUSD	−0.0102%	1h	4,321.6	−0.592%	$1.2M	$1.9M	20x	as long as short
GRVT PAXG_USDT_Perp	−0.0048%	4h	4,320.9	−0.608%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	−0.0017%	1h	4,322.6	−0.568%	$261K	$784K	50x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,319.9	−0.631%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,322.9	−0.561%	$15.6M	$3.7M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,318.2	−0.669%	$2K	$3.5M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,325.8	−0.495%	$7.9M	$835K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,325.3	−0.507%	$902K	$739K	75x	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	+0.0016%	1h	4,319.9	−0.631%	$377K	$1.4M	25x	as long as short
MEXC PAXG_USDT	+0.0018%	4h	4,323.1	−0.557%	$16.4M	$1.1M	100x	as long as short
Binance PAXGUSDT	+0.0019%	4h	4,320.8	−0.609%	$79.6M	$74.4M	75x	as long as short
Injective PAXG/USDC PERPlong	+0.0033%	1h	4,347.3	long leg	$1K	$151K	30x
Aster PAXGUSDT	+0.0046%	4h	4,322.1	−0.580%	$902K	$27K	50x	as long as short
Hyperliquid PAXG	+0.0091%	1h	4,320.9	−0.607%	$20.7M	$2.4M	10x	as long as short
Paradex PAXG-USD-PERP	+0.0097%	8h	4,319.8	−0.633%	$81K	$3.3M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,320.5	−0.616%	$554	—	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,321.7	−0.589%	$1.0M	$348K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,321.9	−0.584%	$14.9M	$4.0M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,323	−0.560%	$28.5M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,320.1	−0.625%	$9.3M	$16.0M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,322.1	−0.581%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,321.5	−0.594%	$1.3M	$809K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,322.5	−0.570%	$12.3M	$222K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,321	−0.605%	$1.5M	$45K	50x	as long as short
Reya PAXGRUSDPERPshort	+0.0189%	1h	4,319.4	−0.642%	$20K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0248%	1h	4,325.8	−0.494%	$977K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0832%	1h	4,330.2	−0.393%	$29K	$24K	10x	as long as short