Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.015%
Price spread now: Injective against MEXC−0.416%85s7-day average −0.043% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 3 days (all we have)+0.419%+$42 · spread now −0.416%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.373% cheaper against MEXC than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.043%). Swap the legs. The two prices were read 85 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 | MEXC PAXG_USDT | 4,365.4 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $16.2M | $1.1M | 100x |
| Short | Injective PAXG/USDC PERP | 4,347.3 | 0.0033 | get 0.0004% / 1h | 55m 51s | $1K | $151K | 30x |
MEXC PAXG_USDT
Injective PAXG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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
- −$14
- Price spread: −0.416% → −0.043%
- −$37.25
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$55.27
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 0.14 bp | 7.4 bp −$7 | 24.4 bp −$244 | 70.5 bp −$7,048 | 150.3 bp −$75.1K |
| 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 | 4,367.1 | +0.038% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,369.9 | +0.102% | $15.8M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,362 | −0.079% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,370.1 | +0.108% | $8.0M | $871K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,370 | +0.104% | $912K | $657K | 75x | as long as short |
| Injective PAXG/USDC PERPshort | +0.0033% | 1h | 4,347.3 | −0.416% | $1K | $151K | 30x | |
| Lighter PAXG | +0.0096% | 1h | 4,365.9 | +0.011% | $1.4M | $262K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,368 | +0.059% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,367.5 | +0.048% | $20.5M | $1.9M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,368.1 | +0.061% | $911K | $30K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,370.5 | +0.115% | $1.0M | $365K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,367.6 | +0.050% | $80.3M | $70.7M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,369 | +0.081% | $15.1M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDTlong | +0.0100% | 4h | 4,365.4 | long leg | $16.2M | $1.1M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,370.1 | +0.107% | $28.5M | $5.6M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,368.5 | +0.070% | $9.7M | $15.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,368.6 | +0.072% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,368.3 | +0.066% | $1.4M | $973K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,369.4 | +0.090% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,365.9 | +0.010% | $1.5M | $2.1M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,364.1 | −0.030% | $264K | $792K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,368.1 | +0.061% | $560 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,363 | −0.056% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,366.7 | +0.029% | $379K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0136% | 1h | 4,364.8 | −0.015% | $42K | $155K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,368.6 | +0.072% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0207% | 1h | 4,368 | +0.058% | $1.3M | $1.5M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,370.1 | +0.107% | $977K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0944% | 1h | 4,379 | +0.311% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD