Funding you earn now, next payment 05:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.010%
Price spread now: Hibachi against Gate−0.051%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$510.513% of the position
Funding, last 7 days+0.657%+$66 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.051%, 7d avg −0.061%
=Together, before fees+0.640%+ Points / potential airdropHibachi: Active · farm board+$64 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.657%, 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 | Gate PAXG_USDT | 4,336.8 | 0 | get 0.0000% / 8h | 3h 50m | $15.6M | $3.4M | 100x |
| Short | Hibachi PAXG/USDT-P | 4,334.6 | −0.0144 | pay 0.0018% / 1h | 50m 55s | $42K | $154K | 20x |
Gate PAXG_USDT
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Gate. 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
- −$30.24
- Price spread: −0.051% → −0.061%
- $1.02
- Slippage, 4 orders
- −$27.34
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$80.56
- Costs to cover
- 0.513%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Hibachi: live order book, 3 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 Gate live order book, 3 min ago | 0.12 bp | 8.8 bp −$9 | 11.9 bp −$119 | 25.0 bp −$2,501 | 62.3 bp −$31.1K |
| Sell Hibachi live order book, 3 min ago | 0.12 bp | 17.6 bp −$18 | 52.8 bp −$528 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PAXGUSDT | −0.0232% | 1h | 4,332.1 | −0.108% | $262K | $788K | 50x | as long as short |
| Lighter PAXG | −0.0176% | 1h | 4,332.9 | −0.091% | $1.4M | $362K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0172% | 4h | 4,334.2 | −0.059% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-Pshort | −0.0144% | 1h | 4,334.6 | −0.051% | $42K | $154K | 20x | |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | −0.047% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDTlong | 0.0000% | 8h | 4,336.8 | long leg | $15.6M | $3.4M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,329.4 | −0.172% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,337.5 | +0.017% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.1 | +0.100% | $903K | $684K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.242% | $1K | $151K | 30x | as long as short |
ApeX Omni PAXGUSDT
Lighter PAXG
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335 | −0.041% | $1.3M | $1.4M | 20x | as long as short |
| Extended PAXG-USD | +0.0072% | 1h | 4,333.4 | −0.079% | $378K | $1.4M | 25x | as long as short |
| Binance PAXGUSDT | +0.0075% | 4h | 4,334.6 | −0.050% | $80.0M | $71.1M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0076% | 4h | 4,337.5 | +0.015% | $16.1M | $1.0M | 100x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,334.7 | −0.047% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.7 | −0.048% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.5 | −0.053% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,333.8 | −0.070% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.3 | −0.012% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,335.3 | −0.034% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,337.2 | +0.010% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,335.5 | −0.030% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,335.2 | −0.037% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,335.1 | −0.040% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,334.4 | −0.056% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,334 | −0.065% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,334.1 | −0.063% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | +0.097% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0992% | 1h | 4,345.4 | +0.198% | $29K | $23K | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD