Funding you earn now, next payment 03:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.005%
Price spread now: SunX against Injective−0.320%61s7-day average −0.184% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)+0.165%+$17 · spread now −0.320%, 7d avg −0.184%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.136% cheaper against Injective than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.184%). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 4m 08s | $1K | $151K | 30x |
| Short | SunX PAXG-USDT | 4,333.4 | 0 | get 0.0000% / 4h | 1h 04m | $2K | $3.7M | 20x |
Injective PAXG/USDC PERP
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Injective. 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
- −$7
- Price spread: −0.320% → −0.184%
- −$13.6
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$28.62
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago | 28.03 bp | 32.0 bp −$32 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0088% | 1h | 4,339 | −0.192% | $41K | $158K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.3 | −0.138% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,340.1 | −0.166% | $15.6M | $3.5M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,333.4 | −0.320% | $2K | $3.7M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,340.9 | −0.147% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,345.1 | −0.051% | $905K | $668K | 75x | as long as short |
| Injective PAXG/USDC PERPlong | +0.0033% | 1h | 4,347.3 | long leg | $1K | $151K | 30x | |
| GRVT PAXG_USDT_Perp | +0.0084% | 4h | 4,343 | −0.099% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,336.7 | −0.245% | $1.4M | $351K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,338.1 | −0.212% | $80K | $3.7M | 50x | as long as short |
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
GRVT PAXG_USDT_Perp
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,338.6 | −0.200% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,339.7 | −0.175% | $905K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,340.2 | −0.164% | $1.0M | $339K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,337.1 | −0.234% | $80.0M | $70.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,338.9 | −0.193% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,340.2 | −0.164% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,340.6 | −0.154% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,338.6 | −0.201% | $9.6M | $14.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,339.1 | −0.189% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,338.2 | −0.210% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,339.2 | −0.186% | $12.4M | $99K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,342 | −0.122% | $263K | $789K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,337.6 | −0.223% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,336 | −0.260% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,336 | −0.259% | $380K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0173% | 1h | 4,338.3 | −0.207% | $1.3M | $1.4M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,337.8 | −0.219% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,353 | +0.131% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1008% | 1h | 4,349.1 | +0.041% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD