Funding you earn now, next payment 11:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.034%
Price spread now: MEXC against Hibachi+0.018%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days−0.536%−$54 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.018%, 7d avg +0.120%
=Together, before fees−0.444%+ Points / potential airdropHibachi: Active · farm board−$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.102% cheaper against Hibachi than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.120%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,335.4 | 0.0320 | pay 0.0040% / 1h | 49m 15s | $43K | $181K | 20x |
| Short | MEXC PAXG_USDT | 4,336.2 | 0.0100 | get 0.0050% / 4h | 1h 49m | $16.6M | $1.2M | 100x |
Hibachi PAXG/USDT-P
MEXC PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$46.2
- Price spread: +0.018% → +0.120%
- −$10.2
- Slippage, 4 orders
- −$30.67
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$100.07
- Costs to cover
- 0.437%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 62 min ago; MEXC: live order book, 2 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, 62 min ago | 0.22 bp | 11.1 bp −$11 | 47.8 bp −$478 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.05 bp | 2.6 bp −$3 | 13.2 bp −$132 | 40.1 bp −$4,006 | 107.0 bp −$53.5K |
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 | −0.0860% | 1h | 4,332.7 | −0.063% | $117K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,335.2 | −0.006% | $15.7M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,328.7 | −0.155% | $2K | $2.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,336.6 | +0.026% | $7.9M | $180K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,338.8 | +0.078% | $913K | $824K | 75x | as long as short |
| Lighter PAXG | +0.0032% | 1h | 4,331.4 | −0.094% | $1.4M | $499K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.274% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,330.8 | −0.107% | $80K | $4.3M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,332.6 | −0.066% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,334.2 | −0.028% | $907K | $41K | 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
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,334.2 | −0.030% | $1.0M | $306K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,333.1 | −0.053% | $80.2M | $81.7M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,333.1 | −0.055% | $14.9M | $4.7M | 75x | as long as short |
| MEXC PAXG_USDTshort | +0.0100% | 4h | 4,336.2 | +0.018% | $16.6M | $1.2M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,336.3 | +0.020% | $28.9M | $5.9M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,332.7 | −0.063% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,333.6 | −0.043% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,333.6 | −0.042% | $1.2M | $872K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,333.6 | −0.041% | $12.2M | $279K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,333.3 | −0.048% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,333.6 | −0.042% | $262K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,332.3 | −0.072% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,329 | −0.149% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,331.6 | −0.089% | $374K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0187% | 1h | 4,334 | −0.033% | $1.2M | $2.1M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333.6 | −0.041% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0264% | 1h | 4,337.3 | +0.042% | $928K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-Plong | +0.0320% | 1h | 4,335.4 | long leg | $43K | $181K | 20x | |
| 01 Exchange PAXGUSD | +0.0952% | 1h | 4,343 | +0.174% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD