PAXG

Alert

Funding spread now, next payment 16:00 UTC−0.0668%/8h

paid, last 24h−0.198%paid, last 3 days−0.142%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 -0.142% in total (about -17.0% a year). A funding rate is set anew for every payment. 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	4,357.5	0.0768	pay 0.0096% / 1h	35m 22s	$15K	$7K	10x
Short	Phemex PAXGUSDT	4,339	0.0100	get 0.0050% / 4h	35m 22s	$1.5M	$35K	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee PhemexbpOrdersRate

Funding earned: −$140.28
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$159.28
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.425%
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 Phemex live order book, 4 min ago	1.15 bp	21.0 bp −$21	doesn't fit	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	−0.0136%	1h	$41K	$144K	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	$4.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	$2K	$4.1M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	$7.9M	$832K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	$915K	$604K	75x	as long as short
Lighter PAXG	+0.0096%	1h	$1.4M	$696K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0099%	8h	$85K	$2.7M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	$20.3M	$1.7M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	$906K	$71K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	$1.0M	$407K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	$79.5M	$65.6M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	$15.1M	$3.3M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	$16.0M	$1.3M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	$26.7M	$4.9M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	$9.1M	$12.1M	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	$1.1M	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	$12.5M	$80K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	$263K	$790K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	$558	—	10x	as long as short
Phemex PAXGUSDTshort	+0.0100%	4h	$1.5M	$35K	50x
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	$981K	$1.1M	50x	as long as short
01 Exchange PAXGUSDlong	+0.0768%	1h	$15K	$7K	10x