PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.39 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against Orderly+0.026%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.026% dearer against Orderly than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PAXG_USDC_mythos	4,301.6	0.0100	pay 0.0050% / 4h	3h 59m	$552	—	10x
Short	Binance PAXGUSDT	4,302.7	0.0022	get 0.0011% / 4h	3h 59m	$80.1M	$78.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now +0.026%Rate

Funding earned: −$16.46
Price spread: +0.026% → 0.000%: $2.57
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.89
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 13 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.01 bp	5.0 bp −$5	5.8 bp −$58	9.8 bp −$983	doesn't fit

Orderly: 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
Lighter PAXG	−0.0192%	1h	4,300.4	−0.029%	$1.4M	$609K	25x	as long as short
Hibachi PAXG/USDT-P	−0.0160%	1h	4,302.3	+0.016%	$40K	$174K	20x	as long as short
GRVT PAXG_USDT_Perp	−0.0126%	4h	4,303.3	+0.039%	$1.5M	$1.9M	10x	as long as short
Hyperliquid PAXG	−0.0066%	1h	4,301.9	+0.007%	$20.7M	$2.4M	10x	as long as short
Kraken Futures PF_PAXGUSD	−0.0055%	1h	4,302.3	+0.016%	$1.2M	$1.7M	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,302.5	+0.021%	$100K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,304.5	+0.067%	$15.6M	$3.9M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,298.2	−0.079%	$2K	$3.2M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,306.8	+0.120%	$7.9M	$599K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,308	+0.149%	$903K	$802K	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PAXGUSDTshort	+0.0022%	4h	4,302.7	+0.026%	$80.1M	$78.6M	75x
MEXC PAXG_USDT	+0.0022%	4h	4,309.2	+0.176%	$16.6M	$1.2M	100x	as long as short
Extended PAXG-USD	+0.0024%	1h	4,302.1	+0.011%	$377K	$1.6M	25x	as long as short
ApeX Omni PAXGUSDT	+0.0026%	1h	4,303.2	+0.037%	$261K	$772K	50x	as long as short
Aster PAXGUSDT	+0.0029%	4h	4,303.4	+0.043%	$897K	$29K	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+1.062%	$1K	$151K	30x	as long as short
Bitget PAXGUSDT	+0.0034%	4h	4,301.8	+0.005%	$9.5M	$16.0M	50x	as long as short
Paradex PAXG-USD-PERP	+0.0097%	8h	4,301.7	+0.002%	$85K	$4.1M	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,303.3	+0.039%	$1.0M	$302K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,303.2	+0.037%	$14.9M	$4.0M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,304.6	+0.070%	$28.5M	$5.4M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,303	+0.033%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,303.7	+0.050%	$1.2M	$844K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,301.5	−0.003%	$12.2M	$230K	—	as long as short
Orderly PERP_PAXG_USDC_mythoslong	+0.0100%	4h	4,301.6	long leg	$552	—	10x
Phemex PAXGUSDT	+0.0100%	4h	4,301	−0.014%	$1.5M	$66K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,301.2	−0.010%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0224%	1h	4,305.9	+0.099%	$940K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.0904%	1h	4,312.3	+0.249%	$29K	$23K	10x	as long as short