Funding you earn now, next payment 11:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.005%
Price spread now: Injective against SunX+0.541%7-day average +0.216% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)−0.341%−$34 · spread now +0.541%, 7d avg +0.216%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.325% dearer against SunX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.216%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PAXG-USDT | 4,323.9 | 0 | get 0.0000% / 4h | 1h 06m | $2K | $2.6M | 20x |
| Short | Injective PAXG/USDC PERP | 4,347.3 | 0.0033 | get 0.0004% / 1h | 6m 34s | $1K | $151K | 30x |
SunX PAXG-USDT
Injective PAXG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against SunX. 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: +0.541% → +0.216%
- $32.54
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $31.52
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: SunX: live order book, 4 min ago; 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 SunX live order book, 4 min ago | 21.53 bp | 38.3 bp −$38 | 67.5 bp −$675 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 exchanges
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 | −0.0258% | 1h | 4,329.1 | +0.121% | $116K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,330.1 | +0.144% | $15.6M | $4.0M | 100x | as long as short |
| SunX PAXG-USDTlong | 0.0000% | 4h | 4,323.9 | long leg | $2K | $2.6M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,331.1 | +0.167% | $7.9M | $203K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,331.1 | +0.167% | $912K | $825K | 75x | as long as short |
| Lighter PAXG | +0.0008% | 1h | 4,327 | +0.071% | $1.4M | $499K | 25x | as long as short |
| Injective PAXG/USDC PERPshort | +0.0033% | 1h | 4,347.3 | +0.541% | $1K | $151K | 30x | |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,327.2 | +0.077% | $80K | $4.2M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,328.3 | +0.102% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,329 | +0.118% | $905K | $42K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,328.9 | +0.116% | $1.0M | $330K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,328.8 | +0.113% | $80.3M | $80.4M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,328.9 | +0.117% | $14.8M | $4.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,333 | +0.210% | $16.5M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,330.8 | +0.160% | $28.9M | $6.0M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,328.6 | +0.109% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,329 | +0.118% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327.7 | +0.087% | $1.2M | $867K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.1 | +0.052% | $12.2M | $278K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,328.7 | +0.112% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,327.7 | +0.089% | $262K | $796K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,327.5 | +0.083% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,328 | +0.095% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,327.4 | +0.081% | $375K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0187% | 1h | 4,328.3 | +0.103% | $1.2M | $2.1M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,327.1 | +0.075% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0264% | 1h | 4,333.4 | +0.219% | $927K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-P | +0.0304% | 1h | 4,327.9 | +0.092% | $47K | $180K | 20x | as long as short |
| 01 Exchange PAXGUSD | +0.0976% | 1h | 4,338.9 | +0.347% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
Hibachi PAXG/USDT-P
01 Exchange PAXGUSD