PAXG

Alert

Funding spread now, next payment 15:00 UTC−0.0676%/8h

next payment, per $10,000−$0.85paid, last 24h−0.193%paid, last 3 days−0.133%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.133% in total (about -16.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.85 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PAXGUSD	4,339.5	0.0776	pay 0.0097% / 1h	48m 55s	$15K	$7K	10x
Short	Backpack PAXG_USDC_PERP	4,335.3	0.0100	get 0.0013% / 1h	48m 55s	$1.1M	$781K	50x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee BackpackbpOrdersRate

Funding earned: −$141.96
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$158.96
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.096%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 2 min ago	0.01 bp	5.0 bp −$5	5.4 bp −$54	doesn't fit	doesn't fit

01 Exchange: 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 28 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni PAXGUSDT	−0.0171%	1h	$262K	$790K	50x	as long as short
dYdX PAXG-USD	0.0000%	1h	$101K	$19K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	$15.9M	$4.1M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	$2K	$3.8M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	$7.9M	$831K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	$912K	$563K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	$1K	$88K	30x	as long as short
Hibachi PAXG/USDT-P	+0.0072%	1h	$44K	$139K	20x	as long as short
Lighter PAXG	+0.0096%	1h	$1.4M	$691K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	$84K	$2.5M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	$20.2M	$1.6M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	$904K	$71K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	$1.0M	$429K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	$78.4M	$61.0M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	$15.0M	$3.0M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	$16.2M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	$26.9M	$4.7M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	$9.1M	$11.5M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	—	$6.7M	—	as long as short
Backpack PAXG_USDC_PERPshort	+0.0100%	1h	$1.1M	$781K	50x
Variational Omni PAXG	+0.0100%	4h	$12.4M	$70K	—	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	$556	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	$1.5M	$33K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	$375K	$1.2M	25x	as long as short
Kraken Futures PF_PAXGUSD	+0.0144%	1h	$1.3M	$988K	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0240%	1h	$946K	$1.0M	50x	as long as short
01 Exchange PAXGUSDlong	+0.0776%	1h	$15K	$7K	10x