PAXG

Alert

Funding spread now, next payment 17:00 UTC−0.0752%/8h

next payment, per $10,000−$0.94paid, last 24h−0.087%paid, last 7 days+0.233%to open and close $10k−$49

Long on Coinbase International Short on Hibachi

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.233% in total (about 12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PAXG-PERP-INTX	4,344	0.0296	pay 0.0037% / 1h	25m 30s	$969K	$1.1M	50x
Short	Hibachi PAXG/USDT-P	4,336.2	−0.0456	pay 0.0057% / 1h	25m 30s	$41K	$151K	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HibachibpOrdersRate

Funding earned: −$157.92
Slippage, 4 orders: −$30.11
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$207.03
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Hibachi: live order book, 60 min ago.

Price risk

price view

Price gap now: −0.179%
Avg gap 7d: −0.090%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 4 min ago	3.27 bp	8.9 bp −$9	10.9 bp −$109	doesn't fit	doesn't fit
Sell Hibachi live order book, 60 min ago	0.09 bp	15.2 bp −$15	50.5 bp −$505	doesn't fit	doesn't fit

PAXG on 28 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi PAXG/USDT-Pshort	−0.0456%	1h	$41K	$151K	20x
dYdX PAXG-USD	0.0000%	1h	$101K	$19K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	$15.7M	$4.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	$2K	$4.2M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	$7.9M	$833K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	$908K	$649K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	$1K	$97K	30x	as long as short
Kraken Futures PF_PAXGUSD	+0.0069%	1h	$1.3M	$1.1M	20x	as long as short
Lighter PAXG	+0.0080%	1h	$1.4M	$705K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	$84K	$3.9M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	$20.3M	$1.8M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	$904K	$71K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	$1.0M	$392K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	$79.3M	$67.8M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	$15.0M	$3.5M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	$15.9M	$1.3M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	$26.8M	$5.1M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	$9.2M	$13.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	$1.1M	$1.1M	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	$12.5M	$85K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	$262K	$789K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	$556	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	$1.5M	$36K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	$376K	$1.2M	25x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTXlong	+0.0296%	1h	$969K	$1.1M	50x
01 Exchange PAXGUSD	+0.0408%	1h	$15K	$3K	10x	as long as short