Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.017%
Price spread now: Hibachi against GRVT+0.013%65s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as 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−$420.421% of the position
Funding, last 7 days+0.521%+$52 on $10k
+Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.013%, 7d avg −0.005%
=Together, before fees+0.492%+ Points / potential airdropGRVT: Active · Hibachi: Active · farm board+$49 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 65 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 | GRVT PAXG_USDT_Perp | 4,357.7 | 0.0090 | pay 0.0045% / 4h | 3h 32m | $1.5M | $2.1M | 10x |
| Short | Hibachi PAXG/USDT-P | 4,358.3 | 0.0136 | get 0.0017% / 1h | 32m 22s | $42K | $157K | 20x |
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against GRVT. 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
- $9.66
- Price spread: +0.013% → −0.005%
- $1.8
- Slippage, 4 orders
- −$24.11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$30.65
- Costs to cover
- 0.421%
- Break-even
- 29.2 days
Slippage from GRVT: live order book, 1 min ago; Hibachi: live order book, 41 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 GRVT live order book, 1 min ago | 0.01 bp | 5.4 bp −$5 | 8.2 bp −$82 | 2476.8 bp −$247.7K | doesn't fit |
| Sell Hibachi live order book, 41 min ago | 0.14 bp | 17.6 bp −$18 | 52.7 bp −$527 | 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 | 4,355.2 | −0.058% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,357.4 | −0.008% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,351.5 | −0.144% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,358.9 | +0.026% | $7.9M | $871K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,363.1 | +0.123% | $907K | $658K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.239% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perplong | +0.0090% | 4h | 4,357.7 | long leg | $1.5M | $2.1M | 10x | |
| Lighter PAXG | +0.0096% | 1h | 4,354.4 | −0.076% | $1.4M | $270K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,355.4 | −0.054% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,356.2 | −0.035% | $20.8M | $2.1M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,356.8 | −0.021% | $909K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,356.8 | −0.021% | $1.0M | $368K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,355.7 | −0.046% | $80.1M | $71.1M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,356.7 | −0.024% | $15.1M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,357.4 | −0.008% | $16.2M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,357.9 | +0.003% | $28.4M | $5.6M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,355.9 | −0.042% | $9.7M | $15.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,356.7 | −0.023% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,356.9 | −0.020% | $1.4M | $853K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,358.3 | +0.012% | $12.5M | $104K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,355.5 | −0.052% | $263K | $785K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,355.7 | −0.047% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,354 | −0.086% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,354.7 | −0.070% | $382K | $1.7M | 25x | as long as short |
| Hibachi PAXG/USDT-Pshort | +0.0136% | 1h | 4,358.3 | +0.013% | $42K | $157K | 20x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,355.5 | −0.052% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0208% | 1h | 4,355.7 | −0.046% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,366.2 | +0.194% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1024% | 1h | 4,366.2 | +0.194% | $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
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD