Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.007%
Price spread now: Hyperliquid against HTX−0.061%48s7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as 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−$490.486% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 3 days (all we have)−0.103%−$10 · spread now −0.061%, 7d avg −0.150%
=Together, before fees−0.083%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.089% dearer against HTX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.150%. The two prices were read 48 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 | HTX PAXG-USDT | 4,345.7 | 0 | get 0.0000% / 4h | 1h 55m | $909K | $657K | 75x |
| Short | Hyperliquid PAXG | 4,343.1 | 0.0100 | get 0.0013% / 1h | 55m 34s | $20.3M | $2.0M | 10x |
HTX PAXG-USDT
Hyperliquid PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against HTX. 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
- $21
- Price spread: −0.061% → −0.150%
- $8.9
- Slippage, 4 orders
- −$27.63
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$18.73
- Costs to cover
- 0.486%
- Break-even
- 13.2 days
Slippage from HTX: live order book, 28 min ago; Hyperliquid: live order book, 7 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 HTX live order book, 28 min ago | 1.75 bp | 19.2 bp −$19 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.35 bp | 6.5 bp −$7 | 9.1 bp −$91 | 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 | 4,340 | −0.131% | $101K | $13K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,345.4 | −0.008% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,338.9 | −0.157% | $2K | $4.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,346.6 | +0.021% | $7.9M | $865K | 50x | as long as short |
| HTX PAXG-USDTlong | 0.0000% | 4h | 4,345.7 | long leg | $909K | $657K | 75x | |
| Hibachi PAXG/USDT-P | +0.0008% | 1h | 4,343.5 | −0.053% | $47K | $150K | 20x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,337 | −0.201% | $1K | $121K | 30x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0080% | 1h | 4,345.1 | −0.015% | $1.3M | $1.5M | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,341.9 | −0.088% | $1.4M | $273K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,342.7 | −0.070% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
Hibachi PAXG/USDT-P
Injective PAXG/USDC PERP
Kraken Futures PF_PAXGUSD
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXGshort | +0.0100% | 1h | 4,343.1 | −0.061% | $20.3M | $2.0M | 10x | |
| Aster PAXGUSDT | +0.0100% | 4h | 4,343.5 | −0.050% | $907K | $74K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,343.7 | −0.048% | $1.0M | $373K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,342.9 | −0.066% | $80.0M | $68.8M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,343.6 | −0.049% | $15.2M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,341.7 | −0.094% | $15.9M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,344.9 | −0.019% | $26.8M | $5.5M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,342.8 | −0.068% | $9.2M | $13.4M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,343.4 | −0.054% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,344.1 | −0.039% | $1.4M | $960K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,337.1 | −0.200% | $12.4M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,343.4 | −0.054% | $1.5M | $2.1M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,342.7 | −0.070% | $263K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,342.3 | −0.079% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | −0.155% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,342.1 | −0.083% | $377K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,343 | −0.064% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,347.6 | +0.043% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1448% | 1h | 4,360 | +0.328% | $29K | $21K | 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
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD