Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Hyperliquid against Extended+0.038%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$150.148% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days−0.035%−$3 · spread now +0.038%, 7d avg +0.060%
=Together, before fees−0.034%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.022% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PAXG-USD | 4,343.8 | 0.0104 | pay 0.0013% / 1h | 16m 51s | $382K | $1.4M | 25x |
| Short | Hyperliquid PAXG | 4,345.4 | 0.0100 | get 0.0013% / 1h | 16m 51s | $20.8M | $2.4M | 10x |
Extended PAXG-USD
Hyperliquid PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- −$0.84
- Price spread: +0.038% → +0.060%
- −$2.21
- Slippage, 4 orders
- −$0.8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$17.85
- Costs to cover
- 0.148%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; Hyperliquid: live order book, 6 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, 1 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.12 bp | 4.8 bp −$5 | 7.2 bp −$72 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0024% | 1h | 4,346.2 | +0.057% | $41K | $154K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,349.5 | +0.132% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,348.9 | +0.119% | $15.6M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,341.8 | −0.044% | $2K | $3.7M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,347.6 | +0.087% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,351.4 | +0.175% | $906K | $658K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.082% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0086% | 4h | 4,349.7 | +0.136% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,343.7 | −0.001% | $1.4M | $351K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,345.2 | +0.034% | $80K | $3.7M | 50x | as long as short |
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXGshort | +0.0100% | 1h | 4,345.4 | +0.038% | $20.8M | $2.4M | 10x | |
| Aster PAXGUSDT | +0.0100% | 4h | 4,344.4 | +0.015% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,348.3 | +0.105% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,345.1 | +0.031% | $80.2M | $70.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,346 | +0.052% | $15.0M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,347.8 | +0.093% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,348 | +0.098% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,346 | +0.051% | $9.6M | $14.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,347.3 | +0.081% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,345.7 | +0.044% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,349.7 | +0.138% | $12.5M | $99K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,348.2 | +0.102% | $263K | $791K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,346.3 | +0.059% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,342 | −0.040% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USDlong | +0.0104% | 1h | 4,343.8 | long leg | $382K | $1.4M | 25x | |
| Kraken Futures PF_PAXGUSD | +0.0173% | 1h | 4,345.3 | +0.036% | $1.3M | $1.4M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,345.2 | +0.034% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,353 | +0.213% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,356.6 | +0.296% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD