PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0365%/8h= −40.0% APRnext payment −$0.46 per $10,000 · paid last 24h −0.075%

Price spread now: Hibachi against Reya+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Hibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.040% dearer against Reya than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PAXGRUSDPERP	4,302.8	0.0189	pay 0.0024% / 1h	35m 01s	$20K	—	100x
Short	Hibachi PAXG/USDT-P	4,304.5	−0.0176	pay 0.0022% / 1h	35m 01s	$42K	$172K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee HibachibpOrdersPrice spread, now +0.040%Rate

Funding earned: −$76.75
Price spread: +0.040% → 0.000%: $3.96
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$87.78
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hibachi: live order book, 64 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Hibachi live order book, 64 min ago	0.22 bp	13.9 bp −$14	51.3 bp −$513	doesn't fit	doesn't fit

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	−0.0192%	1h	4,301.8	−0.022%	$1.4M	$615K	25x	as long as short
Hibachi PAXG/USDT-Pshort	−0.0176%	1h	4,304.5	+0.040%	$42K	$172K	20x
GRVT PAXG_USDT_Perp	−0.0166%	4h	4,304.3	+0.037%	$1.5M	$1.9M	10x	as long as short
Kraken Futures PF_PAXGUSD	−0.0097%	1h	4,304.4	+0.037%	$1.2M	$1.7M	20x	as long as short
dYdX PAXG-USD	−0.0006%	1h	4,302.8	+0.001%	$100K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,305.1	+0.055%	$15.6M	$3.8M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,301	−0.041%	$2K	$3.2M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,307.5	+0.111%	$7.9M	$599K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,308.9	+0.143%	$904K	$818K	75x	as long as short
MEXC PAXG_USDT	+0.0012%	4h	4,310.3	+0.175%	$16.8M	$1.2M	100x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PAXGUSDT	+0.0013%	4h	4,303.6	+0.020%	$80.1M	$79.9M	75x	as long as short
Extended PAXG-USD	+0.0016%	1h	4,302.7	−0.001%	$374K	$1.5M	25x	as long as short
Aster PAXGUSDT	+0.0027%	4h	4,303.7	+0.022%	$899K	$33K	50x	as long as short
Bitget PAXGUSDT	+0.0028%	4h	4,302.7	−0.001%	$9.4M	$15.6M	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+1.035%	$1K	$151K	30x	as long as short
ApeX Omni PAXGUSDT	+0.0075%	1h	4,303	+0.005%	$261K	$772K	50x	as long as short
Paradex PAXG-USD-PERP	+0.0096%	8h	4,302.6	−0.004%	$81K	$4.3M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,302.7	−0.001%	$21.0M	$2.6M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,304.3	+0.037%	$1.0M	$304K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,304	+0.029%	$14.8M	$4.3M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,305.2	+0.056%	$28.7M	$5.4M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,304.2	+0.034%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,304.2	+0.034%	$1.2M	$856K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,302.4	−0.007%	$12.2M	$230K	—	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,303.1	+0.008%	$552	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,304	+0.029%	$1.5M	$67K	50x	as long as short
Reya PAXGRUSDPERPlong	+0.0189%	1h	4,302.8	long leg	$20K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0232%	1h	4,309	+0.145%	$934K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.0832%	1h	4,315.5	+0.296%	$29K	$23K	10x	as long as short