Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.038%
Price spread now: Hyperliquid against dYdX−0.026%55s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.026%, 7d avg +0.002%
=Together, before fees+0.232%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.028% cheaper against dYdX than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.002%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PAXG-USD | 4,358.3 | 0 | get 0.0000% / 1h | 57m 51s | $102K | $12K | 5x |
| Short | Hyperliquid PAXG | 4,357.2 | 0.0100 | get 0.0013% / 1h | 57m 51s | $20.4M | $1.8M | 10x |
dYdX PAXG-USD
Hyperliquid PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against dYdX. 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
- $21
- Price spread: −0.026% → +0.002%
- −$2.78
- Slippage, 4 orders
- −$31.88
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$32.67
- Costs to cover
- 0.509%
- Break-even
- 17.9 days
Slippage from dYdX: live order book, 21 min ago; Hyperliquid: live order book, 5 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 dYdX live order book, 21 min ago | 14.96 bp | 20.0 bp −$20 | 174.0 bp −$1,740 | 356.2 bp −$35.6K | 1164.5 bp −$582.3K |
| Sell Hyperliquid live order book, 5 min ago | 0.12 bp | 4.8 bp −$5 | 6.3 bp −$63 | 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 | −0.0007% | 1h | 4,347.3 | −0.253% | $1K | $151K | 30x | as long as short |
| dYdX PAXG-USDlong | 0.0000% | 1h | 4,358.3 | long leg | $102K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,359.5 | +0.027% | $15.8M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,351.4 | −0.159% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,360.5 | +0.049% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,359.8 | +0.035% | $911K | $634K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,356.4 | −0.043% | $1.4M | $269K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,357.4 | −0.022% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXGshort | +0.0100% | 1h | 4,357.2 | −0.026% | $20.4M | $1.8M | 10x | |
| Aster PAXGUSDT | +0.0100% | 4h | 4,357.7 | −0.015% | $909K | $30K | 50x | as long as short |
Injective PAXG/USDC PERP
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Paradex PAXG-USD-PERP
Aster PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,358.8 | +0.011% | $1.0M | $344K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,357.1 | −0.028% | $80.2M | $67.9M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,358.3 | 0.000% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,355.8 | −0.057% | $15.9M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,359.2 | +0.021% | $27.0M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,358 | −0.006% | $9.2M | $13.4M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,357.5 | −0.019% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,358.1 | −0.006% | $1.4M | $955K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,359 | +0.015% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,359.8 | +0.033% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,357.6 | −0.016% | $264K | $796K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,357.5 | −0.019% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,354 | −0.099% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,355.7 | −0.060% | $378K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0152% | 1h | 4,357.9 | −0.010% | $48K | $139K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,357.5 | −0.019% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0286% | 1h | 4,358.5 | +0.004% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,362.5 | +0.097% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1104% | 1h | 4,369.3 | +0.252% | $29K | $22K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
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
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD