PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.027%

Price spread now: Hyperliquid against Reya+0.030%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.030% dearer against Reya than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PAXGRUSDPERP	4,363.2	0.0189	pay 0.0024% / 1h	18m 39s	$21K	—	100x
Short	Hyperliquid PAXG	4,364.5	0.0100	get 0.0013% / 1h	18m 39s	$20.5M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Reya. 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 ReyabpFee HyperliquidbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$18.79
Price spread: +0.030% → 0.000%: $2.98
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$30.81
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hyperliquid: 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 Reya no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 4 min ago	0.69 bp	5.5 bp −$6	6.7 bp −$67	doesn't fit	doesn't fit

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
Injective PAXG/USDC PERP	−0.0007%	1h	4,347.3	−0.364%	$1K	$151K	30x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,362.4	−0.018%	$102K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,366.6	+0.078%	$15.8M	$3.6M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,359.8	−0.077%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,366.1	+0.068%	$7.9M	$866K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,365.5	+0.053%	$912K	$645K	75x	as long as short
Lighter PAXG	+0.0096%	1h	4,363.5	+0.008%	$1.4M	$270K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,364.3	+0.025%	$81K	$3.7M	50x	as long as short
Hyperliquid PAXGshort	+0.0100%	1h	4,364.5	+0.030%	$20.5M	$1.9M	10x
Aster PAXGUSDT	+0.0100%	4h	4,364.4	+0.027%	$910K	$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	4,365.3	+0.047%	$1.0M	$354K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,365.4	+0.049%	$80.2M	$69.5M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,365.4	+0.051%	$15.2M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,361.1	−0.048%	$16.1M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,366.7	+0.081%	$27.4M	$5.4M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,365.6	+0.054%	$9.9M	$14.6M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,364.6	+0.033%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,364	+0.019%	$1.4M	$972K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,359	−0.097%	$12.5M	$102K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,357.3	−0.135%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,356.1	−0.163%	$263K	$795K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,362.7	−0.011%	$560	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,360	−0.073%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,363.7	+0.012%	$378K	$1.2M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0136%	1h	4,360.2	−0.068%	$48K	$143K	20x	as long as short
Reya PAXGRUSDPERPlong	+0.0189%	1h	4,363.2	long leg	$21K	—	100x
Kraken Futures PF_PAXGUSD	+0.0285%	1h	4,364.1	+0.022%	$1.3M	$1.4M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0296%	1h	4,362.1	−0.025%	$976K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0968%	1h	4,375.3	+0.277%	$29K	$23K	10x	as long as short