Funding you earn now, next payment 05:00 UTC−0.0827%/8h= −90.5% APRnext payment −$1.03 per $10,000 · paid last 24h −0.205%
Price spread now: Reya against 01 Exchange−0.307%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Reya is 0.307% cheaper against 01 Exchange than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | 01 Exchange PAXGUSD | 4,346.7 | 0.1016 | pay 0.0127% / 1h | 44m 37s | $29K | $23K | 10x |
| Short | Reya PAXGRUSDPERP | 4,333.4 | 0.0189 | get 0.0024% / 1h | 44m 37s | $20K | — | 100x |
01 Exchange PAXGUSD
Reya PAXGRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against 01 Exchange. 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
- −$173.57
- Price spread: −0.307% → 0.000%
- −$30.69
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$217.26
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Reya: 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
01 Exchange and Reya: 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 | −0.0160% | 1h | 4,334 | −0.291% | $1.4M | $362K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,336 | −0.247% | $42K | $154K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0144% | 4h | 4,333.7 | −0.299% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0086% | 1h | 4,335.3 | −0.261% | $262K | $787K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | −0.274% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,337.8 | −0.205% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,328.7 | −0.415% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338.4 | −0.191% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,340.6 | −0.141% | $903K | $684K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.014% | $1K | $151K | 30x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0062% | 4h | 4,335.4 | −0.259% | $80.0M | $71.2M | 75x | as long as short |
| Extended PAXG-USD | +0.0064% | 1h | 4,334.2 | −0.287% | $378K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0064% | 4h | 4,337.6 | −0.210% | $16.1M | $1.0M | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335.6 | −0.255% | $1.3M | $1.4M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,335.8 | −0.252% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | −0.278% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,336.1 | −0.244% | $20.7M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,335.8 | −0.251% | $905K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,337.7 | −0.208% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,336.8 | −0.228% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,338.2 | −0.196% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,336.4 | −0.238% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,336.5 | −0.234% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,336.4 | −0.237% | $1.3M | $800K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,336 | −0.246% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,333 | −0.315% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERPshort | +0.0189% | 1h | 4,333.4 | −0.307% | $20K | — | 100x | |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,336.7 | −0.230% | $987K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSDlong | +0.1016% | 1h | 4,346.7 | long leg | $29K | $23K | 10x |
Binance PAXGUSDT
Extended PAXG-USD
MEXC PAXG_USDT
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Coinbase International PAXG-PERP-INTX