Funding you earn now, next payment 01:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.039%
Price spread now: Paradex against Hibachi−0.009%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 4 days (all we have)−0.066%−$7 on $10k
+Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.009%, 7d avg −0.021%
=Together, before fees−0.062%+ Points / potential airdropHibachi: Active · Paradex: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,354 | 0.0112 | pay 0.0014% / 1h | 4m 29s | $42K | $154K | 20x |
| Short | Paradex PAXG-USD-PERP | 4,353.6 | 0.0100 | get 0.0100% / 8h | 7h 04m | $80K | $3.7M | 50x |
Hibachi PAXG/USDT-P
Paradex PAXG-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$2.52
- Price spread: −0.009% → −0.021%
- $1.2
- Slippage, 4 orders
- −$27.15
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$41.47
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 4 min ago; Paradex: 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, 4 min ago | 0.08 bp | 15.5 bp −$16 | 49.4 bp −$494 | doesn't fit | doesn't fit |
| Sell Paradex live order book, 5 min ago | 2.24 bp | 4.2 bp −$4 | 102.5 bp −$1,025 | doesn't fit | 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 | 4,354.3 | +0.007% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,357.1 | +0.072% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,351.2 | −0.064% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,357.6 | +0.083% | $7.9M | $873K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,356.1 | +0.048% | $905K | $643K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.153% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0060% | 4h | 4,353.6 | −0.009% | $1.5M | $2.0M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,353 | −0.021% | $1.4M | $270K | 25x | as long as short |
| Paradex PAXG-USD-PERPshort | +0.0100% | 8h | 4,353.6 | −0.009% | $80K | $3.7M | 50x | |
| Hyperliquid PAXG | +0.0100% | 1h | 4,354.7 | +0.017% | $20.7M | $2.1M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Lighter PAXG
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,355.1 | +0.026% | $908K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,355.2 | +0.027% | $1.0M | $368K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,354.5 | +0.013% | $80.3M | $70.9M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,356.1 | +0.049% | $15.1M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,354.2 | +0.006% | $16.2M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,357 | +0.071% | $28.4M | $5.5M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,355.1 | +0.026% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,355.2 | +0.029% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,354.9 | +0.021% | $1.4M | $831K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,355.1 | +0.027% | $12.5M | $104K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,351.9 | −0.046% | $263K | $787K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,353.8 | −0.004% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,354 | +0.001% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,353.4 | −0.013% | $379K | $1.4M | 25x | as long as short |
| Hibachi PAXG/USDT-Plong | +0.0112% | 1h | 4,354 | long leg | $42K | $154K | 20x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,354.7 | +0.018% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0208% | 1h | 4,355.2 | +0.028% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,357.1 | +0.072% | $973K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0976% | 1h | 4,364.6 | +0.245% | $29K | $23K | 10x | as long as short |
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
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD