Funding you earn now, next payment 12:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.034%
Price spread now: Hibachi against BingX+0.100%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days+0.474%+$47 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.100%, 7d avg −0.016%
=Together, before fees+0.352%+ Points / potential airdropHibachi: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hibachi is 0.117% dearer against BingX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PAXG-USDT | 4,313.4 | 0.0100 | pay 0.0050% / 4h | 48m 51s | — | $6.8M | — |
| Short | Hibachi PAXG/USDT-P | 4,317.8 | 0.0168 | get 0.0021% / 1h | 48m 51s | $45K | $178K | 20x |
BingX PAXG-USDT
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against BingX. 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
- $14.28
- Price spread: +0.100% → −0.016%
- $11.68
- Slippage, 4 orders
- −$24.9
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$17.93
- Costs to cover
- 0.439%
- Break-even
- 15.8 days
Slippage from BingX: live order book, 2 min ago; Hibachi: live order book, 58 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 BingX live order book, 2 min ago | 0.12 bp | 5.6 bp −$6 | 5.8 bp −$58 | 11.1 bp −$1,110 | 28.3 bp −$14.2K |
| Sell Hibachi live order book, 58 min ago | 1.52 bp | 16.5 bp −$16 | 48.9 bp −$489 | doesn't fit | doesn't fit |
PAXG on 29 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0104% | 1h | 4,309.9 | −0.083% | $1.4M | $496K | 25x | as long as short |
| dYdX PAXG-USD | −0.0003% | 1h | 4,312.9 | −0.012% | $116K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,314.3 | +0.020% | $15.6M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,307.6 | −0.134% | $2K | $2.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,315.2 | +0.041% | $7.9M | $204K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,313.1 | −0.007% | $909K | $826K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.785% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0098% | 1h | 4,318.7 | +0.123% | $261K | $797K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,310.1 | −0.078% | $80K | $4.2M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,311.9 | −0.035% | $21.3M | $2.5M | 10x | as long as short |
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,312.8 | −0.015% | $901K | $46K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,312.3 | −0.025% | $1.0M | $330K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,313.6 | +0.003% | $80.1M | $80.5M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,313.8 | +0.010% | $14.8M | $4.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,317.7 | +0.099% | $16.4M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,313.5 | 0.000% | $28.8M | $6.0M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,312.7 | −0.017% | $9.2M | $16.9M | 50x | as long as short |
| BingX PAXG-USDTlong | +0.0100% | 4h | 4,313.4 | long leg | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,312.2 | −0.028% | $1.2M | $862K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,315.9 | +0.057% | $12.2M | $278K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,317.8 | +0.102% | $1.5M | $2.0M | 10x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,311.6 | −0.042% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,311 | −0.056% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,310.4 | −0.071% | $375K | $2.0M | 25x | as long as short |
| Hibachi PAXG/USDT-Pshort | +0.0168% | 1h | 4,317.8 | +0.100% | $45K | $178K | 20x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,311.4 | −0.047% | $20K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0264% | 1h | 4,311.1 | −0.053% | $1.2M | $2.1M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0280% | 1h | 4,331.7 | +0.423% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0992% | 1h | 4,322.2 | +0.203% | $29K | $24K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD