PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.052%

Price spread now: Injective against Reya+0.702%52s7-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 Injective

What this pair did over the last

the charts below follow

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 airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.702% dearer against Reya than usual: you sell high and buy low (spread +0.702% now, against zero (this spread has no 7-day history yet)): +$70 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 days. The two prices were read 52 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	Reya PAXGRUSDPERP	4,317	0.0189	pay 0.0024% / 1h	50m 12s	$20K	—	100x
Short	Injective PAXG/USDC PERP	4,347.3	0.0033	get 0.0004% / 1h	50m 12s	$1K	$151K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Reya. 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 ReyabpFee InjectivebpOrdersPrice spread, now +0.702%Rate

Funding earned: −$32.79
Price spread: +0.702% → 0.000%: $70.22
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $31.41
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Reya and 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
Lighter PAXG	−0.0216%	1h	4,316.4	−0.013%	$1.4M	$479K	25x	as long as short
GRVT PAXG_USDT_Perp	−0.0102%	4h	4,319.1	+0.048%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	−0.0084%	1h	4,313.6	−0.079%	$261K	$774K	50x	as long as short
Hibachi PAXG/USDT-P	−0.0072%	1h	4,317.4	+0.009%	$42K	$165K	20x	as long as short
Kraken Futures PF_PAXGUSD	−0.0055%	1h	4,319.1	+0.048%	$1.2M	$1.9M	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,317.9	+0.021%	$101K	$12K	5x	as long as short
Extended PAXG-USD	0.0000%	1h	4,317.3	+0.007%	$376K	$1.4M	25x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,320.1	+0.072%	$15.6M	$3.6M	100x	as long as short
MEXC PAXG_USDT	0.0000%	4h	4,324.2	+0.167%	$16.6M	$1.0M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,315.4	−0.038%	$2K	$3.3M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,322.7	+0.132%	$7.9M	$686K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,321.3	+0.099%	$903K	$779K	75x	as long as short
Binance PAXGUSDT	0.0000%	4h	4,319.2	+0.050%	$79.7M	$74.4M	75x	as long as short
Aster PAXGUSDT	+0.0013%	4h	4,319.4	+0.056%	$901K	$27K	50x	as long as short
Injective PAXG/USDC PERPshort	+0.0033%	1h	4,347.3	+0.702%	$1K	$151K	30x
Bitget PAXGUSDT	+0.0084%	4h	4,318.8	+0.042%	$9.4M	$16.1M	50x	as long as short
Paradex PAXG-USD-PERP	+0.0098%	8h	4,317	+0.001%	$85K	$3.3M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,317.3	+0.007%	$554	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,319.5	+0.057%	$20.8M	$2.4M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,318.9	+0.045%	$1.0M	$306K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,319.4	+0.055%	$14.9M	$4.0M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,320.5	+0.081%	$28.6M	$5.3M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,320.1	+0.072%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,319.6	+0.061%	$1.3M	$821K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,316.2	−0.018%	$12.3M	$223K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,316	−0.023%	$1.5M	$52K	50x	as long as short
Reya PAXGRUSDPERPlong	+0.0189%	1h	4,317	long leg	$20K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0224%	1h	4,322.2	+0.120%	$949K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.0848%	1h	4,327.8	+0.250%	$29K	$23K	10x	as long as short