Funding you earn now, next payment 03:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.032%
Price spread now: Hibachi against Aster−0.029%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days+0.523%+$52 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.029%, 7d avg −0.010%
=Together, before fees+0.550%+ Points / potential airdropAster: Stage 5 · Hibachi: Active · farm board+$55 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.523%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PAXGUSDT | 4,345.4 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $906K | $30K | 50x |
| Short | Hibachi PAXG/USDT-P | 4,344.1 | 0.0040 | get 0.0005% / 1h | 31m 43s | $42K | $154K | 20x |
Aster PAXGUSDT
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.6
- Price spread: −0.029% → −0.010%
- −$1.81
- Slippage, 4 orders
- −$26.02
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$57.43
- Costs to cover
- 0.430%
- Break-even
- never at this rate
Slippage from Aster: live order book, 31 min ago; Hibachi: live order book, 32 min ago.
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 Aster live order book, 31 min ago | 0.01 bp | 5.8 bp −$6 | 14.1 bp −$141 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 32 min ago | 0.20 bp | 16.5 bp −$16 | 50.6 bp −$506 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,344.4 | −0.024% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,346.9 | +0.035% | $15.6M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,340.1 | −0.123% | $2K | $3.7M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,348.3 | +0.068% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,347.4 | +0.047% | $904K | $651K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.044% | $1K | $151K | 30x | as long as short |
| Hibachi PAXG/USDT-Pshort | +0.0040% | 1h | 4,344.1 | −0.029% | $42K | $154K | 20x | |
| GRVT PAXG_USDT_Perp | +0.0060% | 4h | 4,344.2 | −0.027% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0093% | 1h | 4,342.5 | −0.067% | $263K | $789K | 50x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,344.6 | −0.018% | $1.4M | $348K | 25x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Lighter PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,343.3 | −0.047% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,346.2 | +0.019% | $20.8M | $2.3M | 10x | as long as short |
| Aster PAXGUSDTlong | +0.0100% | 4h | 4,345.4 | long leg | $906K | $30K | 50x | |
| Pacifica PAXG | +0.0100% | 1h | 4,346.6 | +0.027% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,345.8 | +0.010% | $80.1M | $70.5M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,346.5 | +0.026% | $15.0M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,345.4 | +0.001% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,347.8 | +0.055% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,346.7 | +0.030% | $9.6M | $14.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,346.1 | +0.015% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,345.3 | −0.002% | $1.3M | $802K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,343.1 | −0.052% | $12.5M | $104K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,342.5 | −0.066% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,344 | −0.032% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,343.7 | −0.038% | $382K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0173% | 1h | 4,345.9 | +0.013% | $1.3M | $1.4M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,344.1 | −0.030% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,349.7 | +0.099% | $971K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0992% | 1h | 4,354.8 | +0.217% | $29K | $23K | 10x | as long as short |
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD