Funding you earn now, next payment 09:00 UTC+0.0276%/8h= +30.2% APRnext payment +$0.34 per $10,000 · paid last 24h +0.042%
Price spread now: ApeX Omni against Hibachi+0.043%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days−0.509%−$51 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.043%, 7d avg −0.021%
=Together, before fees−0.547%+ Points / potential airdropHibachi: Active · farm board−$55 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and ApeX Omni is 0.064% dearer against Hibachi than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.509%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,303.6 | −0.0176 | get 0.0022% / 1h | 42m 47s | $42K | $172K | 20x |
| Short | ApeX Omni PAXGUSDT | 4,305.4 | 0.0100 | get 0.0013% / 1h | 42m 47s | $261K | $771K | 50x |
Hibachi PAXG/USDT-P
ApeX Omni PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hibachi. 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
- $57.96
- Price spread: +0.043% → −0.021%
- $6.38
- Slippage, 4 orders
- −$25.6
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $19.74
- Costs to cover
- 0.446%
- Break-even
- 4.6 days
Slippage from Hibachi: live order book, 56 min ago; ApeX Omni: live order book, 56 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 Hibachi live order book, 56 min ago | 0.22 bp | 14.6 bp −$15 | 49.9 bp −$499 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 56 min ago | 2.72 bp | 8.0 bp −$8 | 68.5 bp −$685 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0208% | 1h | 4,300.9 | −0.063% | $1.4M | $610K | 25x | as long as short |
| Hibachi PAXG/USDT-Plong | −0.0176% | 1h | 4,303.6 | long leg | $42K | $172K | 20x | |
| GRVT PAXG_USDT_Perp | −0.0130% | 4h | 4,305.5 | +0.044% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,303.1 | −0.012% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,306.2 | +0.062% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,305.3 | +0.040% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,298.7 | −0.113% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,306.5 | +0.068% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,310.1 | +0.152% | $905K | $818K | 75x | as long as short |
| Binance PAXGUSDT | +0.0013% | 4h | 4,302.6 | −0.023% | $80.0M | $79.8M | 75x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Binance PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0016% | 1h | 4,300.5 | −0.071% | $377K | $1.6M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0018% | 4h | 4,312.4 | +0.205% | $16.7M | $1.2M | 100x | as long as short |
| Aster PAXGUSDT | +0.0023% | 4h | 4,302.8 | −0.018% | $899K | $33K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0028% | 4h | 4,301.7 | −0.043% | $9.4M | $16.0M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.016% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0096% | 8h | 4,302.2 | −0.031% | $81K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,302.1 | −0.034% | $21.0M | $2.5M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,304.2 | +0.015% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,303 | −0.014% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,304.2 | +0.015% | $28.6M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,304.9 | +0.032% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,302.4 | −0.026% | $1.2M | $856K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,310 | +0.151% | $12.2M | $230K | — | as long as short |
| ApeX Omni PAXGUSDTshort | +0.0100% | 1h | 4,305.4 | +0.043% | $261K | $771K | 50x | |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,302.8 | −0.018% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,304 | +0.010% | $1.5M | $67K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,301.9 | −0.038% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309 | +0.126% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,314.4 | +0.252% | $29K | $23K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD