Funding you earn now, next payment 06:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.005%
Price spread now: SunX against Injective−0.492%61s7-day average −0.187% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)+0.308%+$31 · spread now −0.492%, 7d avg −0.187%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.305% cheaper against Injective than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.187%). Swap the legs. The two prices were read 61 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 | 36m 14s | $1K | $151K | 30x |
| Short | SunX PAXG-USDT | 4,325.9 | 0 | get 0.0000% / 4h | 2h 36m | $2K | $3.4M | 20x |
Injective PAXG/USDC PERP
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: −0.492% → −0.187%
- −$30.52
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$45.54
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; SunX: live order book, 12 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 SunX live order book, 12 min ago | 21.54 bp | 25.5 bp −$26 | doesn't fit | doesn't fit | 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 | −0.0168% | 1h | 4,334.2 | −0.302% | $44K | $160K | 20x | as long as short |
| Lighter PAXG | −0.0104% | 1h | 4,328.5 | −0.433% | $1.4M | $384K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,330 | −0.398% | $1.2M | $1.5M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0025% | 1h | 4,335 | −0.283% | $262K | $782K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338 | −0.214% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,331.6 | −0.361% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,325.9 | −0.492% | $2K | $3.4M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,333.5 | −0.317% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,338 | −0.214% | $903K | $702K | 75x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0028% | 4h | 4,336.6 | −0.247% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
GRVT PAXG_USDT_PerpShow 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 | |
| Extended PAXG-USD | +0.0040% | 1h | 4,328.5 | −0.431% | $379K | $1.4M | 25x | as long as short |
| Binance PAXGUSDT | +0.0042% | 4h | 4,329.9 | −0.400% | $80.0M | $71.2M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0042% | 4h | 4,333.6 | −0.315% | $16.1M | $1.0M | 100x | as long as short |
| Hyperliquid PAXG | +0.0069% | 1h | 4,330.5 | −0.386% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0073% | 4h | 4,332.5 | −0.341% | $904K | $26K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,333.3 | −0.323% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,330.6 | −0.384% | $556 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,335.1 | −0.281% | $1.0M | $348K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,330.4 | −0.389% | $14.9M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,332.4 | −0.343% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,330.8 | −0.379% | $9.7M | $15.4M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,331 | −0.374% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,330.7 | −0.382% | $1.3M | $798K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,342.2 | −0.117% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,330 | −0.398% | $1.5M | $33K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,329.4 | −0.411% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,347.5 | +0.006% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0784% | 1h | 4,344 | −0.076% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
Hyperliquid PAXG
Aster PAXGUSDT
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