PAXG funding rate explained
Right now PAX Gold (PAXG) perpetual futures trade on 9 exchanges we track. The highest funding is on Binance at +0.030% per day, the lowest on HTX at 0.000%. The average across all venues is +0.027% per day, or about +9.7% a year. Positive funding means PAXG longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.030% per day. A delta-neutral position that shorts PAXG on Binance and goes long on HTX would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live PAXG arbitrage board for the price side of the trade.
Settlement intervals differ: PAXG funding is paid every 1 hour, 4 hours and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: PAXG arbitrage · PAX Gold price · funding rates for all coins.