Funding you earn now, next payment 10:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h +0.022%
Price spread now: GRVT against Hibachi−0.038%65s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as 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−$400.404% of the position
Funding, last 7 days−0.504%−$50 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.038%, 7d avg +0.005%
=Together, before fees−0.425%+ Points / potential airdropHibachi: Active · GRVT: Active · farm board−$42 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GRVT is 0.043% cheaper against Hibachi than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.005%). Swap the legs. 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 | Hibachi PAXG/USDT-P | 4,333 | 0.0288 | pay 0.0036% / 1h | 0m 15s | $43K | $181K | 20x |
| Short | GRVT PAXG_USDT_Perp | 4,331.4 | 0.0078 | get 0.0039% / 4h | 2h 00m | $1.5M | $2.0M | 10x |
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$44.1
- Price spread: −0.038% → +0.005%
- −$4.27
- Slippage, 4 orders
- −$22.4
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$88.77
- Costs to cover
- 0.404%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 51 min ago; GRVT: live order book, 1 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, 51 min ago | 0.22 bp | 11.1 bp −$11 | 47.8 bp −$478 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 0.01 bp | 4.5 bp −$5 | 5.7 bp −$57 | doesn't fit | doesn't fit |
PAXG on 29 exchanges
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 | −0.0143% | 1h | 4,332.7 | −0.007% | $116K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.9 | +0.089% | $15.7M | $4.2M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,333.1 | +0.002% | $2K | $2.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,340 | +0.160% | $7.9M | $180K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,338.1 | +0.118% | $914K | $820K | 75x | as long as short |
| Lighter PAXG | +0.0032% | 1h | 4,334.1 | +0.025% | $1.4M | $505K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.329% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perpshort | +0.0078% | 4h | 4,331.4 | −0.038% | $1.5M | $2.0M | 10x | |
| Kraken Futures PF_PAXGUSD | +0.0084% | 1h | 4,337.6 | +0.105% | $1.2M | $2.1M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,334.5 | +0.034% | $80K | $4.3M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Injective PAXG/USDC PERP
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERPShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,335.6 | +0.059% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,335.4 | +0.053% | $907K | $41K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.1 | +0.071% | $1.0M | $303K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,336.3 | +0.075% | $80.3M | $81.3M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,336.7 | +0.085% | $14.9M | $4.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,336.6 | +0.082% | $16.6M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,338.6 | +0.129% | $28.9M | $5.9M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,336.5 | +0.081% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,336.2 | +0.072% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,333.5 | +0.011% | $1.2M | $872K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,331 | −0.046% | $12.2M | $298K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,329.3 | −0.086% | $262K | $800K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.9 | +0.043% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,331 | −0.047% | $1.5M | $81K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,335.2 | +0.050% | $374K | $1.5M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,335.5 | +0.057% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,332.6 | −0.011% | $934K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-Plong | +0.0288% | 1h | 4,333 | long leg | $43K | $181K | 20x | |
| 01 Exchange PAXGUSD | +0.1040% | 1h | 4,346.3 | +0.306% | $29K | $24K | 10x | as long as short |
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
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD