PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.052%

Price spread now: Injective against Reya+0.680%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 Injective

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.680% dearer against Reya than usual: you sell high and buy low (spread +0.680% now, against zero (this spread has no 7-day history yet)): +$68 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PAXGRUSDPERP	4,317.9	0.0189	pay 0.0024% / 1h	16m 22s	$20K	—	100x
Short	Injective PAXG/USDC PERP	4,347.3	0.0033	get 0.0004% / 1h	16m 22s	$1K	$151K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 InjectivebpOrdersPrice spread, now +0.680%Rate

Funding earned: −$32.79
Price spread: +0.680% → 0.000%: $67.99
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $29.18
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Injective: 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 Reya no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Reya and Injective: 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	−0.0184%	1h	4,315.9	−0.048%	$1.4M	$468K	25x	as long as short
Hibachi PAXG/USDT-P	−0.0120%	1h	4,318.8	+0.020%	$42K	$168K	20x	as long as short
GRVT PAXG_USDT_Perp	−0.0110%	4h	4,318.4	+0.012%	$1.5M	$2.0M	10x	as long as short
Kraken Futures PF_PAXGUSD	−0.0044%	1h	4,318.6	+0.015%	$1.2M	$1.9M	20x	as long as short
Extended PAXG-USD	−0.0008%	1h	4,316.6	−0.030%	$378K	$625K	25x	as long as short
Binance PAXGUSDT	−0.0008%	4h	4,317.6	−0.007%	$79.5M	$75.2M	75x	as long as short
MEXC PAXG_USDT	−0.0006%	4h	4,323.1	+0.118%	$16.6M	$1.1M	100x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,317.9	−0.001%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,319.9	+0.045%	$15.6M	$3.8M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,314	−0.092%	$2K	$3.4M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,322	+0.095%	$7.9M	$850K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,322.2	+0.098%	$904K	$774K	75x	as long as short
Aster PAXGUSDT	+0.0010%	4h	4,320	+0.048%	$901K	$27K	50x	as long as short
ApeX Omni PAXGUSDT	+0.0032%	1h	4,318.1	+0.003%	$261K	$772K	50x	as long as short
Injective PAXG/USDC PERPshort	+0.0033%	1h	4,347.3	+0.680%	$1K	$151K	30x
Paradex PAXG-USD-PERP	+0.0098%	8h	4,318	+0.001%	$85K	$3.3M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,317.5	−0.010%	$554	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,318.1	+0.004%	$20.8M	$2.4M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,320.1	+0.049%	$1.0M	$316K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,318.8	+0.020%	$14.9M	$4.0M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,320.6	+0.061%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,318.1	+0.004%	$9.4M	$16.5M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,319	+0.025%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,318.7	+0.017%	$1.3M	$826K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,317.7	−0.006%	$12.3M	$223K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,316	−0.045%	$1.5M	$52K	50x	as long as short
Reya PAXGRUSDPERPlong	+0.0189%	1h	4,317.9	long leg	$20K	—	100x
Coinbase International PAXG-PERP-INTX	+0.0232%	1h	4,322.2	+0.098%	$949K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0792%	1h	4,328.7	+0.249%	$29K	$23K	10x	as long as short