PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0224%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h +0.096%

Price spread now: Coinbase International against Hibachi+0.084%49s7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as 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−$520.524% of the position

Long on Hibachi Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$22 on $10k

Price spread, last 3 days (all we have)+0.062%+$6 · spread now +0.084%, 7d avg +0.089%

Together, before fees−0.153%+ Points / potential airdropHibachi: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.215%, so the current rate has only just turned in your favour. The two prices were read 49 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	Hibachi PAXG/USDT-P	4,348.2	0.0096	pay 0.0012% / 1h	13m 28s	$47K	$139K	20x
Short	Coinbase International PAXG-PERP-INTX	4,351.8	0.0320	get 0.0040% / 1h	13m 28s	$975K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hibachi. 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 HibachibpFee Coinbase InternationalbpOrdersPrice spread, now +0.084%Rate

Funding earned: $47.04
Price spread: +0.084% → +0.089%: −$0.47
Slippage, 4 orders: −$33.42
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5.85
Costs to cover: 0.524%
Break-even: 7.9 days

Slippage from Hibachi: live order book, 5 min ago; Coinbase International: 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 Hibachi live order book, 5 min ago	0.14 bp	19.2 bp −$19	52.1 bp −$521	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.25 bp	8.3 bp −$8	13.3 bp −$133	161.5 bp −$16.2K	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	4,347.3	−0.021%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,351.6	+0.079%	$15.8M	$3.6M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,341.7	−0.148%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,352.6	+0.101%	$7.9M	$865K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,351.1	+0.068%	$909K	$645K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	−0.020%	$1K	$151K	30x	as long as short
Kraken Futures PF_PAXGUSD	+0.0080%	1h	4,350.5	+0.055%	$1.3M	$1.4M	20x	as long as short
Lighter PAXG	+0.0096%	1h	4,349	+0.020%	$1.4M	$273K	25x	as long as short
Hibachi PAXG/USDT-Plong	+0.0096%	1h	4,348.2	long leg	$47K	$139K	20x
Paradex PAXG-USD-PERP	+0.0100%	8h	4,349.3	+0.025%	$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	4,349.9	+0.040%	$20.3M	$1.8M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,349.6	+0.033%	$908K	$27K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,350.6	+0.056%	$1.0M	$344K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,350	+0.042%	$80.1M	$67.1M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,350.9	+0.064%	$15.2M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,346	−0.050%	$16.0M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,350.9	+0.063%	$26.8M	$5.2M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,350.3	+0.048%	$9.3M	$13.3M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,350.2	+0.046%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,349.8	+0.037%	$1.4M	$954K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,348.2	+0.001%	$12.5M	$114K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,348.2	+0.001%	$1.5M	$1.9M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,347.5	−0.016%	$263K	$797K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,347.9	−0.006%	$558	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,346	−0.050%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,349.2	+0.023%	$378K	$1.2M	25x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,349.8	+0.039%	$21K	—	100x	as long as short
Coinbase International PAXG-PERP-INTXshort	+0.0320%	1h	4,351.8	+0.084%	$975K	$1.1M	50x
01 Exchange PAXGUSD	+0.1320%	1h	4,360.6	+0.286%	$29K	$22K	10x	as long as short