PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0102%/8h= −11.1% APRnext payment −$0.13 per $10,000 · paid last 24h +0.017%

Price spread now: Injective against dYdX+0.175%7-day average +0.091% · you sell dearer than you buy

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

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.184%+$18 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now +0.175%, 7d avg +0.091%

Together, before fees+0.139%+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.084% dearer against dYdX than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of +0.091%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.184%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PAXG-USD	4,340.1	0	get 0.0000% / 1h	32m 09s	$101K	$18K	5x
Short	Injective PAXG/USDC PERP	4,347.7	−0.0102	pay 0.0013% / 1h	32m 09s	$1K	$92K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. 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 dYdXbpFee InjectivebpOrdersPrice spread, now +0.175%Rate

Funding earned: −$21.34
Price spread: +0.175% → +0.091%: $8.4
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$22.95
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 17 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 dYdX live order book, 17 min ago	13.84 bp	18.8 bp −$19	93.9 bp −$939	177.2 bp −$17.7K	403.6 bp −$201.8K
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
Injective PAXG/USDC PERPshort	−0.0102%	1h	4,347.7	+0.175%	$1K	$92K	30x
Hibachi PAXG/USDT-P	−0.0048%	1h	4,337.8	−0.054%	$41K	$156K	20x	as long as short
dYdX PAXG-USDlong	0.0000%	1h	4,340.1	long leg	$101K	$18K	5x
Gate PAXG_USDT	0.0000%	8h	4,340	−0.002%	$15.8M	$4.3M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,332.4	−0.177%	$2K	$4.1M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,341.6	+0.034%	$7.9M	$837K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,343.3	+0.075%	$907K	$664K	75x	as long as short
Lighter PAXG	+0.0064%	1h	4,336.3	−0.087%	$1.4M	$519K	25x	as long as short
GRVT PAXG_USDT_Perp	+0.0080%	4h	4,337.5	−0.059%	$1.5M	$2.1M	10x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,337.1	−0.069%	$80K	$3.7M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	4,336.7	−0.078%	$20.3M	$1.9M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,337.9	−0.051%	$905K	$76K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,338.8	−0.030%	$1.0M	$352K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,337.2	−0.067%	$79.9M	$69.2M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,337.6	−0.058%	$14.8M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,339.4	−0.015%	$15.9M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,339.6	−0.012%	$26.7M	$5.4M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,337.8	−0.054%	$9.3M	$14.1M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,337.9	−0.050%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,338.7	−0.032%	$1.4M	$1.2M	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,337.9	−0.050%	$12.4M	$114K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,335.7	−0.102%	$262K	$792K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,337.7	−0.055%	$557	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,335	−0.117%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,336.6	−0.080%	$377K	$1.2M	25x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,337.3	−0.064%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0212%	1h	4,338.7	−0.033%	$1.3M	$1.5M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0312%	1h	4,342.7	+0.061%	$998K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1520%	1h	4,355.1	+0.346%	$29K	$22K	10x	as long as short