PAXG Basis: Perp vs Spot Futures Premium (Live)

PAXG Basis: Perp vs Spot Premium

Live PAXG basis: the PAXG perpetual futures price against the same exchange's spot price, perp / spot - 1. A positive basis is a futures premium, a negative one a discount. One row per venue pair on Binance and Bybit above the liquidity filter, then the recorded basis history for 24 hours, 7 days and all time.

PAXG's OI-weighted perp-vs-spot basis is -0.04% right now (a discount); there is not enough recorded history yet for a 7-day average (the server has been collecting for 10 hours). Only one pair qualifies, so Binance is also the widest venue: PAXGUSDT against PAXGUSDT spot, at -0.04%.

1 comparable pairPerp OI $178.70M (#35)Server history: 10 hoursAs of 23:24 UTC

PAXG basis OI-weighted

-0.04%

live, across the pairs below

7-day average

—

not enough recorded history yet

Widest venue

-0.04% Binance

PAXGUSDT vs PAXGUSDT spot

Perp open interest

$178.70M

#35 by perp OI

PAXG basis by venue

1 comparable pair · largest open interest first

Exchange	Perp	Spot	Basis	Open interest	Perp vol 24h	Spot vol 24h	Trade
Binance	PAXGUSDT	PAXGUSDT	-0.04%	$99.13M	$15.72M	$4.45M	Trade ↗

Not in the table: KuCoin PAXGUSDTM (no same-venue spot market); Hyperliquid PAXG (no same-venue spot market); MEXC PAXG_USDT (no same-venue spot market); Bybit PAXGUSDT (no same-venue spot market); HTX PAXG-USDT (no same-venue spot market).

PAXG basis history

Perp vs spot, OI-weighted, every pair

Loading chart…

Chart: TradingView Lightweight Charts™

How to read it. Basis is perp / spot - 1 on the same exchange, shown live and un-annualised. Green is a premium (perp above spot), red a discount. Pairs need the same venue and quote currency, and the perp leg needs at least $500K open interest and $1.00M 24h volume. Compare every coin on the basis screener, and see PAXG funding rates, which move for related reasons.

PAXG basis FAQ

What is PAXG basis?

PAXG's basis is the gap between its perpetual futures price and its spot price on the same exchange, as a percentage: perp / spot - 1. A positive basis is a futures premium (the perp trades above spot), a negative one a discount. It tends to move with funding rates, because funding exists to pull the perp back to spot.

Why can the chart differ from the table?

The table is the live basis of each pair that clears the minimum-liquidity filter ($500K perp open interest, $1.00M 24h volume), from the latest trade price. The chart and the 7-day average are recorded history: every same-venue, same-quote pair of the coin, OI-weighted, from the perp mark price in 5-minute and hourly snapshots.

Why is Hyperliquid not in the table?

This site tracks no Hyperliquid spot markets, so a Hyperliquid perp has no same-venue spot price to compare against. Basis here covers Binance and Bybit only.

Is a high PAXG futures premium a signal?

Not by itself. A rich premium often means leveraged longs are paying up, which also shows in funding; a stretched premium or discount can unwind quickly. Nothing here is financial advice.