Funding you earn now, next payment 22:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.032%
Price spread now: Hibachi against Binance+0.009%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days+0.541%+$54 on $10k
+Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.009%, 7d avg +0.015%
=Together, before fees+0.549%+ Points / potential airdropHibachi: Active · farm board+$55 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.541%, 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 | Binance PAXGUSDT | 4,333.5 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $79.8M | $70.7M | 75x |
| Short | Hibachi PAXG/USDT-P | 4,333.9 | −0.0064 | pay 0.0008% / 1h | 8m 06s | $41K | $150K | 20x |
Binance PAXGUSDT
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Binance. 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
- −$34.44
- Price spread: +0.009% → +0.015%
- −$0.55
- Slippage, 4 orders
- −$22.89
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$76.88
- Costs to cover
- 0.419%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Hibachi: live order book, 16 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 Binance live order book, 4 min ago | 0.01 bp | 5.0 bp −$5 | 6.6 bp −$66 | 17.7 bp −$1,766 | doesn't fit |
| Sell Hibachi live order book, 16 min ago | 0.18 bp | 15.4 bp −$15 | 50.3 bp −$503 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.0101% | 1h | 4,337 | +0.080% | $1K | $121K | 30x | as long as short |
| Hibachi PAXG/USDT-Pshort | −0.0064% | 1h | 4,333.9 | +0.009% | $41K | $150K | 20x | |
| dYdX PAXG-USD | 0.0000% | 1h | 4,336.4 | +0.065% | $101K | $18K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.1 | +0.059% | $15.7M | $4.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,329.3 | −0.098% | $2K | $4.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,337.8 | +0.098% | $7.9M | $865K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,338.9 | +0.124% | $907K | $661K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,332.5 | −0.024% | $1.4M | $521K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,333.4 | −0.004% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,333.8 | +0.006% | $20.2M | $1.9M | 10x | as long as short |
Injective PAXG/USDC PERP
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,334.3 | +0.018% | $905K | $75K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,334.6 | +0.025% | $1.0M | $371K | 10x | as long as short |
| Binance PAXGUSDTlong | +0.0100% | 4h | 4,333.5 | long leg | $79.8M | $70.7M | 75x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,334.7 | +0.026% | $15.1M | $3.9M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,335 | +0.033% | $15.9M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,336 | +0.057% | $26.7M | $5.5M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,334.2 | +0.016% | $9.2M | $14.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,334.2 | +0.015% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,335.4 | +0.042% | $1.4M | $1.3M | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,334.7 | +0.027% | $12.4M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,334.6 | +0.024% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,332.6 | −0.021% | $262K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.1 | +0.013% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,331 | −0.058% | $1.5M | $40K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,333 | −0.012% | $377K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,334.2 | +0.015% | $20K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0224% | 1h | 4,335 | +0.033% | $1.3M | $1.6M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,337.8 | +0.098% | $1.0M | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1448% | 1h | 4,353.4 | +0.459% | $29K | $21K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD