PAXG Funding Rate — live across 17 venues

Compared across 17 supported venues · net of estimated fees · updated every few minutes

Live annualized PAXG perpetual funding across all 17 venues Perpia tracks. Right now PAXG funding is positive on 10 and negative on 5, ranging from +10.9% on Vest to -6.7% on Hyperliquid — a spread of 17.6%. The widest delta-neutral trade is long Hyperliquid / short Vest at 15.4% net APR.

venues

paying positive

17.6%

funding spread

Best PAXG spread now

15.4%

net APR after fees

Long Hyperliquid→Short Vest

size depends on live venue depth — see the real cap in the scanner

PAXG funding trend & liquidity

168h of history

17.6%

current gross APR

0.4%

24h average

5.5%

7-day average

$35K

pair OI · lower leg

$4.3M

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

PAXG funding rate history

30d · 6h buckets · 12 venues

45.6%0-48.3%

6 Aug5 Sep

PAXG — average across 12 venuesAsterBackPackExtendedHyperliquid

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +5.6%. A break in a line means no data was recorded for that stretch, not a zero rate.

PAXG funding rate by venue

65 pairs scanned

Venue	Funding APR	Interval
Vest ↗	+10.9%	1h
Bybit ↗	+10.9%	4h
BingX ↗	+10.9%	4h
Aster ↗	+10.9%	4h
BackPack ↗	+10.9%	1h
Pacifica ↗	+10.9%	1h
Variational ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
Lighter ↗	+10.5%	8h
KuCoin ↗	+8.5%	4h
Gate.io ↗	+0.0%	8h
dYdX ↗	+0.0%	1h
Extended ↗	-1.8%	1h
MEXC ↗	-2.0%	4h
Binance ↗	-2.1%	4h
01 ↗	-5.3%	1h
Hyperliquid ↗	-6.7%	1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Hyperliquid vs Vest page.

PAXG arbitrage — 30-day backtest

long Hyperliquid · short Vest

1.9%

backtested APR

+$15

historical net P&L on $10,000

0.00%

max drawdown

$10,000$10,015

30 days agostarting capital $10,000today

Over the last 30 days, holding long Hyperliquid / short Vest would have produced 1.9% APR — versus the 15.4% the live spread implies right now (equity $10,000 → $10,015). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading PAXG backtest…

PAXG funding — FAQ

Is PAXG funding positive right now?

PAXG perpetual funding is positive on 10 of 17 venues Perpia tracks and negative on 5. The highest is +10.9% on Vest; the lowest is -6.7% on Hyperliquid.

What is the best PAXG funding arbitrage right now?

Go long Hyperliquid and short Vest for about 15.4% net APR after fees — the widest delta-neutral PAXG spread Perpia currently sees.

Which exchange has the highest PAXG funding rate?

Vest, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How PAXG funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to PAXG

Markets also quoted on both Hyperliquid and Vest — the same two exchanges you would already have funded for the PAXG trade.

See every spread between them on the Hyperliquid vs Vest page.

Open the live scanner →All funding rates Funding by exchange How we calculate this