Funding you earn now, next payment 07:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.051%
Price spread now: Kraken Futures against Hibachi−0.012%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.012%, 7d avg +0.022%
=Together, before fees−0.083%+ Points / potential airdropHibachi: Active · farm board−$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.034% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.022%). If the spread goes back, that is −$3 on $10k: about 30 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.159%, 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 | 4,318.9 | −0.0136 | get 0.0017% / 1h | 27m 09s | $44K | $166K | 20x |
| Short | Kraken Futures PF_PAXGUSD | 4,318.4 | −0.0044 | pay 0.0006% / 1h | 27m 09s | $1.2M | $1.9M | 20x |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $19.24
- Price spread: −0.012% → +0.022%
- −$3.43
- Slippage, 4 orders
- −$33.19
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$36.38
- Costs to cover
- 0.522%
- Break-even
- 20.2 days
Slippage from Hibachi: live order book, 17 min ago; Kraken Futures: 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, 17 min ago | 0.07 bp | 19.6 bp −$20 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 0.12 bp | 7.8 bp −$8 | 15.6 bp −$156 | 39.5 bp −$3,949 | 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 | −0.0184% | 1h | 4,315.6 | −0.077% | $1.4M | $466K | 25x | as long as short |
| Hibachi PAXG/USDT-Plong | −0.0136% | 1h | 4,318.9 | long leg | $44K | $166K | 20x | |
| GRVT PAXG_USDT_Perp | −0.0112% | 4h | 4,318.1 | −0.018% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSDshort | −0.0044% | 1h | 4,318.4 | −0.012% | $1.2M | $1.9M | 20x | |
| Extended PAXG-USD | −0.0008% | 1h | 4,317 | −0.043% | $378K | $625K | 25x | as long as short |
| Binance PAXGUSDT | −0.0005% | 4h | 4,317.9 | −0.024% | $79.6M | $75.0M | 75x | as long as short |
| MEXC PAXG_USDT | −0.0004% | 4h | 4,322.7 | +0.088% | $16.5M | $1.0M | 100x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | −0.024% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,319.5 | +0.014% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,313.8 | −0.118% | $2K | $3.4M | 20x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,322 | +0.071% | $7.9M | $850K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,321 | +0.048% | $904K | $771K | 75x | as long as short |
| ApeX Omni PAXGUSDT | +0.0006% | 1h | 4,315.6 | −0.076% | $261K | $773K | 50x | as long as short |
| Aster PAXGUSDT | +0.0013% | 4h | 4,320 | +0.025% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.657% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,317.9 | −0.024% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,317.5 | −0.033% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,318.1 | −0.019% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.4 | +0.012% | $1.0M | $316K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,319.1 | +0.005% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,320.4 | +0.034% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,317.4 | −0.035% | $9.4M | $16.5M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,318.7 | −0.004% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,318 | −0.022% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,316.4 | −0.058% | $12.3M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.067% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.2 | −0.041% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,318.1 | −0.019% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0792% | 1h | 4,329.1 | +0.236% | $29K | $23K | 10x | as long as short |
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD