PAXG

Alert

Funding spread now, next payment 16:00 UTC−0.0676%/8h

next payment, per $10,000−$0.85paid, last 24h−0.193%paid, last 3 days−0.183%to open and closeno order book

Long on 01 Exchange Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.183% in total (about -22.0% 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	4,351.4	0.0776	pay 0.0097% / 1h	55m 31s	$15K	$7K	10x
Short	Hyperliquid PAXG	4,339.5	0.0100	get 0.0013% / 1h	55m 31s	$20.3M	$1.7M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee HyperliquidbpOrdersRate

Funding earned: −$141.96
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$157.96
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.273%
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 Hyperliquid live order book, 9 min ago	0.35 bp	5.3 bp −$5	7.2 bp −$72	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
Hibachi PAXG/USDT-P	−0.0144%	1h	$41K	$143K	20x	as long as short
Injective PAXG/USDC PERP	−0.0038%	1h	$1K	$116K	30x	as long as short
Kraken Futures PF_PAXGUSD	−0.0017%	1h	$1.3M	$1.0M	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	$101K	$19K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	$15.8M	$4.3M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	$2K	$4.0M	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	$915K	$600K	75x	as long as short
Lighter PAXG	+0.0080%	1h	$1.4M	$693K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0099%	8h	$81K	$2.7M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid PAXGshort	+0.0100%	1h	$20.3M	$1.7M	10x
Aster PAXGUSDT	+0.0100%	4h	$905K	$71K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	$1.0M	$406K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	$79.1M	$64.3M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	$15.1M	$3.2M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	$16.1M	$1.3M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	$26.8M	$4.9M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	$9.1M	$12.0M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	$1.1M	$833K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	$12.5M	$70K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	$262K	$790K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	$557	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	$1.5M	$35K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	$375K	$1.2M	25x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	$21K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0248%	1h	$982K	$1.1M	50x	as long as short
01 Exchange PAXGUSDlong	+0.0776%	1h	$15K	$7K	10x