PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.035%

Price spread now: Hibachi against Extended−0.012%47s7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs+$16as 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−$390.385% of the position

Long on Extended Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.544%+$54 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.012%, 7d avg +0.045%

Together, before fees+0.585%+ Points / potential airdropExtended: Active · Hibachi: Active · farm board+$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hibachi is 0.057% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.045%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.544%, so the current rate has only just turned against you. The two prices were read 47 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	Extended PAXG-USD	4,345.7	0.0104	pay 0.0013% / 1h	58m 41s	$378K	$1.4M	25x
Short	Hibachi PAXG/USDT-P	4,345.2	0.0048	get 0.0006% / 1h	58m 41s	$42K	$156K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee HibachibpOrdersPrice spread, now −0.012%Rate

Funding earned: −$11.76
Price spread: −0.012% → +0.045%: −$5.65
Slippage, 4 orders: −$24.54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$55.95
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Hibachi: 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 Extended live order book, 5 min ago	0.12 bp	2.7 bp −$3	4.1 bp −$41	doesn't fit	doesn't fit
Sell Hibachi live order book, 5 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	4,343.8	−0.044%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,347.7	+0.046%	$15.7M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,340.5	−0.119%	$2K	$3.7M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,348.5	+0.065%	$7.9M	$868K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,349.9	+0.097%	$905K	$645K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.037%	$1K	$151K	30x	as long as short
Hibachi PAXG/USDT-Pshort	+0.0048%	1h	4,345.2	−0.012%	$42K	$156K	20x
GRVT PAXG_USDT_Perp	+0.0062%	4h	4,345.8	+0.003%	$1.5M	$2.0M	10x	as long as short
Lighter PAXG	+0.0096%	1h	4,346.3	+0.014%	$1.4M	$304K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,345.8	+0.003%	$80K	$3.7M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	4,346.6	+0.021%	$20.8M	$2.2M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,345.1	−0.013%	$906K	$30K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,346.7	+0.023%	$1.0M	$340K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,347.3	+0.038%	$80.1M	$70.7M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,348.7	+0.070%	$15.2M	$3.5M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,346.4	+0.016%	$16.2M	$1.1M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,348	+0.053%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,347.1	+0.031%	$9.6M	$15.0M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,347.1	+0.032%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,345.9	+0.005%	$1.3M	$803K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,345.1	−0.014%	$12.5M	$109K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,342.7	−0.069%	$263K	$791K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,344.2	−0.034%	$557	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,343	−0.062%	$1.5M	$39K	50x	as long as short
Extended PAXG-USDlong	+0.0104%	1h	4,345.7	long leg	$378K	$1.4M	25x
Kraken Futures PF_PAXGUSD	+0.0173%	1h	4,345.7	0.000%	$1.3M	$1.4M	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,345.5	−0.004%	$21K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0320%	1h	4,349.7	+0.092%	$971K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1008%	1h	4,357.3	+0.267%	$29K	$23K	10x	as long as short