Funding you earn now, next payment 08:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%
Price spread now: Reya against Hyperliquid−0.006%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PAXG | 4,311.1 | 0.0100 | pay 0.0013% / 1h | 17m 00s | $20.7M | $2.3M | 10x |
| Short | Reya PAXGRUSDPERP | 4,310.8 | 0.0189 | get 0.0024% / 1h | 17m 00s | $20K | — | 100x |
Hyperliquid PAXG
Reya PAXGRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Hyperliquid. 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
- $18.79
- Price spread: −0.006% → 0.000%
- −$0.62
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $3.17
- Costs to cover
- 0.150%
- Break-even
- 5.8 days
Slippage unknown: Hyperliquid: live order book, 6 min ago; Reya: 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 Hyperliquid live order book, 6 min ago | 1.16 bp | 5.9 bp −$6 | 7.1 bp −$71 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0192% | 1h | 4,309.3 | −0.043% | $1.4M | $495K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0144% | 1h | 4,312.7 | +0.037% | $42K | $170K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0110% | 4h | 4,313.2 | +0.048% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,311.6 | +0.012% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,313.4 | +0.052% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,313.2 | +0.049% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,308.3 | −0.065% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,316.2 | +0.119% | $7.9M | $659K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,315.7 | +0.108% | $902K | $794K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0020% | 4h | 4,318.5 | +0.172% | $16.6M | $1.1M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0022% | 4h | 4,311.4 | +0.006% | $79.6M | $75.8M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,310.3 | −0.019% | $376K | $1.5M | 25x | as long as short |
| Aster PAXGUSDT | +0.0028% | 4h | 4,311.6 | +0.011% | $899K | $30K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.840% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0041% | 1h | 4,312.8 | +0.038% | $261K | $774K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0058% | 4h | 4,310.9 | −0.005% | $9.5M | $15.9M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,311.5 | +0.010% | $85K | $3.7M | 50x | as long as short |
| Hyperliquid PAXGlong | +0.0100% | 1h | 4,311.1 | long leg | $20.7M | $2.3M | 10x | |
| Pacifica PAXG | +0.0100% | 1h | 4,313.4 | +0.053% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,311.5 | +0.009% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,312.7 | +0.038% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,312.4 | +0.030% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,311.6 | +0.012% | $1.3M | $839K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,312.7 | +0.037% | $12.2M | $218K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,311.3 | +0.005% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,312 | +0.021% | $1.5M | $53K | 50x | as long as short |
| Reya PAXGRUSDPERPshort | +0.0189% | 1h | 4,310.8 | −0.006% | $20K | — | 100x | |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,316.2 | +0.118% | $953K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0936% | 1h | 4,322.2 | +0.257% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD