Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid+0.013%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now +0.013%, 7d avg +0.010%
=Together, before fees+0.054%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PAXG | 4,311 | 0.0100 | pay 0.0013% / 1h | 14m 49s | $20.7M | $2.3M | 10x |
| Short | Bybit PAXGUSDT | 4,311.5 | 0.0100 | get 0.0050% / 4h | 14m 49s | $14.9M | $4.0M | 75x |
Hyperliquid PAXG
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. 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
- $0
- Price spread: +0.013% → +0.010%
- $0.25
- Slippage, 4 orders
- −$6.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$26.05
- Costs to cover
- 0.263%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Bybit: live order book, 4 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 Hyperliquid live order book, 8 min ago | 1.16 bp | 5.9 bp −$6 | 7.1 bp −$71 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.12 bp | 7.6 bp −$8 | 10.6 bp −$106 | 28.7 bp −$2,872 | 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 | −0.0192% | 1h | 4,308.2 | −0.065% | $1.4M | $496K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0152% | 1h | 4,311.5 | +0.011% | $41K | $170K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0110% | 4h | 4,313.2 | +0.050% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,310.3 | −0.016% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,313.4 | +0.055% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,312.6 | +0.037% | $15.5M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,306.9 | −0.096% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,315.7 | +0.110% | $7.9M | $594K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,313.6 | +0.060% | $901K | $796K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0022% | 4h | 4,318.5 | +0.174% | $16.6M | $1.1M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0023% | 4h | 4,311.3 | +0.008% | $79.6M | $76.0M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,310.1 | −0.021% | $376K | $1.5M | 25x | as long as short |
| Aster PAXGUSDT | +0.0028% | 4h | 4,311.6 | +0.013% | $899K | $30K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.842% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0041% | 1h | 4,312.8 | +0.041% | $261K | $774K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0056% | 4h | 4,310.7 | −0.007% | $9.5M | $15.9M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,310.1 | −0.021% | $85K | $3.8M | 50x | as long as short |
| Hyperliquid PAXGlong | +0.0100% | 1h | 4,311 | long leg | $20.7M | $2.3M | 10x | |
| Pacifica PAXG | +0.0100% | 1h | 4,311.9 | +0.021% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,311.5 | +0.013% | $14.9M | $4.0M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,312.7 | +0.040% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,312.1 | +0.025% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,311 | −0.001% | $1.3M | $834K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,310.3 | −0.017% | $12.2M | $218K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,311.3 | +0.007% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,312 | +0.023% | $1.5M | $53K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,309.8 | −0.028% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,316.2 | +0.120% | $953K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0928% | 1h | 4,321.7 | +0.248% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Pacifica PAXG
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD