PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.022%

Price spread now: Lighter against Injective+0.461%7-day average −0.095% · you sell dearer than you buy

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

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 3 days (all we have)−0.593%−$59 · spread now +0.461%, 7d avg −0.095%

Together, before fees−0.525%+ Points / potential airdropLighter: Season 3 · farm board−$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.555% dearer against Injective than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PAXG/USDC PERP	4,347.3	0.0033	pay 0.0004% / 1h	49m 02s	$1K	$151K	30x
Short	Lighter PAXG	4,367.3	0.0096	get 0.0012% / 1h	49m 02s	$1.4M	$270K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now +0.461%Rate

Funding earned: $13.16
Price spread: +0.461% → −0.095%: $55.51
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $68.65
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Lighter: 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 Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	1.14 bp	1.5 bp −$1	5.6 bp −$56	21.4 bp −$2,143	doesn't fit

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
dYdX PAXG-USD	0.0000%	1h	4,367.1	+0.455%	$102K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,369.9	+0.520%	$15.8M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,363.9	+0.383%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,372	+0.568%	$8.0M	$871K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,370	+0.522%	$911K	$661K	75x	as long as short
Injective PAXG/USDC PERPlong	+0.0033%	1h	4,347.3	long leg	$1K	$151K	30x
Lighter PAXGshort	+0.0096%	1h	4,367.3	+0.461%	$1.4M	$270K	25x
Paradex PAXG-USD-PERP	+0.0100%	8h	4,369.3	+0.505%	$81K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,368	+0.476%	$20.8M	$2.1M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,368.7	+0.492%	$911K	$30K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PAXG	+0.0100%	1h	4,370.2	+0.527%	$1.0M	$365K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,368.1	+0.478%	$80.3M	$71.0M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,369.9	+0.520%	$15.2M	$3.7M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,366.6	+0.445%	$16.2M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,370.9	+0.543%	$28.5M	$5.6M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,368.6	+0.489%	$9.7M	$15.4M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,369.6	+0.513%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,368.7	+0.493%	$1.4M	$900K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,367	+0.453%	$12.5M	$104K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,367.6	+0.467%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,366.2	+0.435%	$264K	$792K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,368.1	+0.478%	$560	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,369	+0.499%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,367.8	+0.471%	$382K	$1.3M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0128%	1h	4,367.8	+0.472%	$42K	$155K	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,369.3	+0.506%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0207%	1h	4,369.4	+0.508%	$1.3M	$1.5M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0304%	1h	4,371.6	+0.559%	$977K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1000%	1h	4,379.8	+0.748%	$29K	$23K	10x	as long as short