PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.037%

Price spread now: Hibachi against Kraken Futures−0.017%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Kraken Futures Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now −0.017%, 7d avg −0.025%

Together, before fees+0.070%+ Points / potential airdropHibachi: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.145%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PAXGUSD	4,346.5	0.0080	pay 0.0010% / 1h	46m 34s	$1.3M	$1.4M	20x
Short	Hibachi PAXG/USDT-P	4,345.7	0.0024	get 0.0003% / 1h	46m 34s	$47K	$146K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee HibachibpOrdersPrice spread, now −0.017%Rate

Funding earned: −$11.78
Price spread: −0.017% → −0.025%: $0.83
Slippage, 4 orders: −$26.86
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$56.81
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Hibachi: live order book, 37 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 Kraken Futures live order book, 2 min ago	0.34 bp	7.2 bp −$7	13.0 bp −$130	40.4 bp −$4,042	doesn't fit
Sell Hibachi live order book, 37 min ago	0.18 bp	15.4 bp −$15	50.3 bp −$503	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	4,343.7	−0.063%	$101K	$13K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,347.1	+0.014%	$15.8M	$3.6M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,339.9	−0.152%	$2K	$4.0M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,349.3	+0.066%	$7.9M	$865K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,347.6	+0.025%	$909K	$656K	75x	as long as short
Hibachi PAXG/USDT-Pshort	+0.0024%	1h	4,345.7	−0.017%	$47K	$146K	20x
Injective PAXG/USDC PERP	+0.0033%	1h	4,337	−0.218%	$1K	$121K	30x	as long as short
Kraken Futures PF_PAXGUSDlong	+0.0080%	1h	4,346.5	long leg	$1.3M	$1.4M	20x
Lighter PAXG	+0.0096%	1h	4,344.1	−0.055%	$1.4M	$273K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,344.7	−0.040%	$80K	$3.7M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	4,345	−0.034%	$20.3M	$1.8M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,345	−0.034%	$907K	$28K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,346	−0.012%	$1.0M	$368K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,345	−0.035%	$80.0M	$67.8M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,345.9	−0.013%	$15.2M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,342.4	−0.093%	$16.0M	$1.2M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,347.3	+0.019%	$26.8M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,345.8	−0.015%	$9.3M	$13.3M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,345.3	−0.027%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,346.2	−0.007%	$1.4M	$955K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,344	−0.057%	$12.4M	$114K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,345.2	−0.030%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,343	−0.079%	$263K	$798K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,343.5	−0.068%	$557	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,340	−0.149%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,344.2	−0.051%	$377K	$1.2M	25x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,345.4	−0.025%	$21K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0320%	1h	4,347.6	+0.026%	$976K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1424%	1h	4,361.1	+0.337%	$29K	$21K	10x	as long as short