PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0189%/8h= −20.7% APRnext payment −$0.24 per $10,000 · paid last 24h −0.057%

Price spread now: Deribit against Reya+0.126%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Deribit is 0.126% dearer against Reya than usual: you sell high and buy low (spread +0.126% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PAXGRUSDPERP	4,330.9	0.0189	pay 0.0024% / 1h	1m 38s	$20K	—	100x
Short	Deribit PAXG_USDC-PERPETUAL	4,336.4	0	get 0.0000% / 1h	1m 38s	$7.9M	$428K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Reya. 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 ReyabpFee DeribitbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$39.79
Price spread: +0.126% → 0.000%: $12.63
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$40.16
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 2 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 Reya no order-book sample	—	—	—	—	—
Sell Deribit live order book, 2 min ago	3.62 bp	8.3 bp −$8	15.3 bp −$153	doesn't fit	doesn't fit

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
dYdX PAXG-USD	−0.0248%	1h	4,332.2	+0.030%	$115K	$15K	5x	as long as short
Lighter PAXG	−0.0136%	1h	4,329.4	−0.034%	$1.4M	$636K	25x	as long as short
Kraken Futures PF_PAXGUSD	−0.0096%	1h	4,333.4	+0.058%	$1.2M	$2.1M	20x	as long as short
GRVT PAXG_USDT_Perp	−0.0078%	4h	4,331.9	+0.023%	$1.5M	$2.0M	10x	as long as short
Hibachi PAXG/USDT-P	−0.0040%	1h	4,332.5	+0.037%	$47K	$186K	20x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,332.4	+0.034%	$15.7M	$4.1M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,328.4	−0.058%	$2K	$3.1M	20x	as long as short
Deribit PAXG_USDC-PERPETUALshort	0.0000%	1h	4,336.4	+0.126%	$7.9M	$428K	50x
HTX PAXG-USDT	0.0000%	4h	4,335.9	+0.114%	$910K	$819K	75x	as long as short
Extended PAXG-USD	+0.0016%	1h	4,329.7	−0.027%	$375K	$1.5M	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PAXG_USDT	+0.0018%	4h	4,335.1	+0.097%	$16.7M	$1.2M	100x	as long as short
Bitget PAXGUSDT	+0.0020%	4h	4,330.5	−0.010%	$9.2M	$16.3M	50x	as long as short
Binance PAXGUSDT	+0.0021%	4h	4,331	+0.003%	$80.3M	$81.9M	75x	as long as short
ApeX Omni PAXGUSDT	+0.0030%	1h	4,330.4	−0.012%	$262K	$806K	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.379%	$1K	$151K	30x	as long as short
Aster PAXGUSDT	+0.0037%	4h	4,332.8	+0.044%	$907K	$38K	50x	as long as short
Hyperliquid PAXG	+0.0076%	1h	4,331.4	+0.011%	$21.3M	$2.6M	10x	as long as short
Paradex PAXG-USD-PERP	+0.0086%	8h	4,329.9	−0.024%	$80K	$4.4M	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,332.3	+0.032%	$1.0M	$308K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,330.7	−0.004%	$15.0M	$4.6M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,333.2	+0.053%	$28.9M	$5.5M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,331.9	+0.022%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,332.1	+0.027%	$1.2M	$857K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,331.7	+0.019%	$12.2M	$291K	—	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,332.2	+0.030%	$556	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,326	−0.113%	$1.5M	$80K	50x	as long as short
Reya PAXGRUSDPERPlong	+0.0189%	1h	4,330.9	long leg	$20K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0232%	1h	4,334	+0.071%	$935K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.1232%	1h	4,388.8	+1.337%	$29K	$24K	10x	as long as short