Funding you earn now, next payment 06:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.045%
Price spread now: Hibachi against KuCoin−0.012%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days+0.483%+$48 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.012%, 7d avg −0.043%
=Together, before fees+0.429%+ Points / potential airdropHibachi: Active · farm board+$43 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.031% dearer against KuCoin than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.043%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.483%, 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 | KuCoin PAXGUSDTM | 4,328.8 | 0.0100 | pay 0.0050% / 4h | 2h 04m | $28.5M | $5.3M | 30x |
| Short | Hibachi PAXG/USDT-P | 4,328.3 | −0.0112 | pay 0.0014% / 1h | 4m 22s | $42K | $165K | 20x |
KuCoin PAXGUSDTM
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against KuCoin. 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
- −$44.52
- Price spread: −0.012% → −0.043%
- $3.07
- Slippage, 4 orders
- −$31.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$93.7
- Costs to cover
- 0.522%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Hibachi: live order book, 44 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 KuCoin live order book, 5 min ago | 0.66 bp | 8.6 bp −$9 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 44 min ago | 0.02 bp | 17.4 bp −$17 | 53.5 bp −$535 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0128% | 1h | 4,325 | −0.089% | $1.4M | $392K | 25x | as long as short |
| Hibachi PAXG/USDT-Pshort | −0.0112% | 1h | 4,328.3 | −0.012% | $42K | $165K | 20x | |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,327.9 | −0.020% | $1.2M | $1.9M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0058% | 4h | 4,330.7 | +0.045% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0002% | 1h | 4,329.5 | +0.015% | $262K | $783K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,328.9 | +0.002% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,328.9 | +0.002% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,324.5 | −0.100% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,331.4 | +0.060% | $7.9M | $835K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,333.3 | +0.103% | $903K | $743K | 75x | as long as short |
Lighter PAXG
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0016% | 1h | 4,324.7 | −0.094% | $376K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0016% | 4h | 4,328.2 | −0.015% | $16.4M | $1.1M | 100x | as long as short |
| Binance PAXGUSDT | +0.0017% | 4h | 4,326.7 | −0.048% | $79.8M | $74.3M | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.427% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0042% | 4h | 4,329.2 | +0.009% | $903K | $27K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,326.3 | −0.057% | $81K | $3.2M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,327.1 | −0.039% | $555 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,327 | −0.042% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,328.6 | −0.005% | $1.0M | $336K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,327.7 | −0.025% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTMlong | +0.0100% | 4h | 4,328.8 | long leg | $28.5M | $5.3M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,326.4 | −0.056% | $9.3M | $16.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,327.9 | −0.021% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327.5 | −0.030% | $1.3M | $810K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,330 | +0.028% | $12.3M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,325 | −0.088% | $1.5M | $45K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,326.4 | −0.057% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,333.5 | +0.107% | $978K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0856% | 1h | 4,390.5 | +1.425% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD