Funding you earn now, next payment 04:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h −0.001%
Price spread now: dYdX against Hibachi−0.019%45s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as 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−$630.632% of the position
Funding, last 7 days−0.745%−$74 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.019%, 7d avg +0.004%
=Together, before fees−0.740%+ Points / potential airdropHibachi: Active · farm board−$74 on $10k · with fees, hour by hour
Funding pays, the price is against you. dYdX is 0.023% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.004%). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.745%, so the current rate has only just turned in your favour. The two prices were read 45 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 | 4,342.8 | −0.0136 | get 0.0017% / 1h | 15m 30s | $42K | $155K | 20x |
| Short | dYdX PAXG-USD | 4,342 | 0 | get 0.0000% / 1h | 15m 30s | $101K | $12K | 5x |
Hibachi PAXG/USDT-P
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $28.56
- Price spread: −0.019% → +0.004%
- −$2.33
- Slippage, 4 orders
- −$44.22
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$36.99
- Costs to cover
- 0.632%
- Break-even
- 16.1 days
Slippage from Hibachi: live order book, 43 min ago; dYdX: live order book, 43 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, 43 min ago | 0.10 bp | 15.3 bp −$15 | 50.0 bp −$500 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 43 min ago | 10.37 bp | 15.4 bp −$15 | 33.1 bp −$331 | 174.4 bp −$17.4K | 1084.2 bp −$542.1K |
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-Plong | −0.0136% | 1h | 4,342.8 | long leg | $42K | $155K | 20x | |
| Lighter PAXG | 0.0000% | 1h | 4,338.5 | −0.099% | $1.4M | $357K | 25x | as long as short |
| dYdX PAXG-USDshort | 0.0000% | 1h | 4,342 | −0.019% | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,341.9 | −0.022% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,339.7 | −0.073% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,346.8 | +0.091% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,348.9 | +0.138% | $905K | $682K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.103% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0072% | 4h | 4,343.8 | +0.022% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0091% | 1h | 4,340.9 | −0.045% | $262K | $788K | 50x | as long as short |
Lighter PAXG
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,339.6 | −0.074% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,342.7 | −0.003% | $557 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,339.9 | −0.068% | $20.8M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,340.9 | −0.045% | $906K | $26K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,341.3 | −0.036% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,339.4 | −0.081% | $80.1M | $70.8M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,341.5 | −0.031% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,342.5 | −0.007% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,342.5 | −0.008% | $28.6M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,340.6 | −0.051% | $9.6M | $14.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,340.6 | −0.053% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,341.1 | −0.040% | $1.3M | $804K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,343.1 | +0.006% | $12.5M | $97K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,343 | +0.004% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,337.9 | −0.113% | $379K | $1.5M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,343.2 | +0.008% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0210% | 1h | 4,343 | +0.004% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,346.5 | +0.083% | $968K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0856% | 1h | 4,350 | +0.165% | $29K | $23K | 10x | as long as short |
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
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
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD