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: Injective against Lighter−0.363%7-day average +0.101% · you buy dearer than you sell

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

Long on Lighter Short on Injective

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)+0.483%+$48 · spread now −0.363%, 7d avg +0.101%

Together, before fees+0.417%+ Points / potential airdropLighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.463% cheaper against Lighter than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of +0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PAXG	4,363.1	0.0096	pay 0.0012% / 1h	58m 31s	$1.4M	$262K	25x
Short	Injective PAXG/USDC PERP	4,347.3	0.0033	get 0.0004% / 1h	58m 31s	$1K	$151K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. 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 LighterbpFee InjectivebpOrdersPrice spread, now −0.363%Rate

Funding earned: −$13.16
Price spread: −0.363% → +0.101%: −$46.33
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$59.51
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 8 min ago; Injective: 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 Lighter live order book, 8 min ago	1.23 bp	1.3 bp −$1	3.2 bp −$32	18.3 bp −$1,829	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.017%	$102K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,366.3	+0.073%	$15.8M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,360.2	−0.066%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,367.4	+0.097%	$8.0M	$866K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,367.4	+0.099%	$912K	$654K	75x	as long as short
Injective PAXG/USDC PERPshort	+0.0033%	1h	4,347.3	−0.363%	$1K	$151K	30x
Lighter PAXGlong	+0.0096%	1h	4,363.1	long leg	$1.4M	$262K	25x
Paradex PAXG-USD-PERP	+0.0100%	8h	4,363.6	+0.012%	$81K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,364	+0.020%	$20.5M	$1.9M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,364.5	+0.032%	$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	4,365.2	+0.047%	$1.0M	$365K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,364.3	+0.028%	$80.2M	$70.1M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,365.3	+0.050%	$15.2M	$3.7M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,361.1	−0.047%	$16.2M	$1.1M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,366.6	+0.080%	$28.5M	$5.6M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,365.4	+0.051%	$9.6M	$15.1M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,365.2	+0.047%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,365.1	+0.045%	$1.4M	$972K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,365.6	+0.056%	$12.5M	$104K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,365.9	+0.063%	$1.5M	$2.1M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,364.1	+0.023%	$264K	$792K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,363.8	+0.016%	$560	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,360	−0.072%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,363.2	+0.001%	$379K	$1.2M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0136%	1h	4,365.4	+0.052%	$42K	$155K	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,364.9	+0.042%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0208%	1h	4,364.9	+0.040%	$1.3M	$1.5M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0304%	1h	4,367.6	+0.103%	$976K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1040%	1h	4,374.9	+0.270%	$29K	$23K	10x	as long as short