Funding you earn now, next payment 11:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h −0.034%
Price spread now: Hibachi against MEXC−0.124%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Funding, last 7 days+0.536%+$54 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.124%, 7d avg −0.120%
=Together, before fees+0.550%+ Points / potential airdropHibachi: Active · farm board+$55 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.120%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,333 | 0.0100 | pay 0.0050% / 4h | 1h 06m | $16.5M | $1.2M | 100x |
| Short | Hibachi PAXG/USDT-P | 4,327.6 | 0.0296 | get 0.0037% / 1h | 6m 25s | $47K | $180K | 20x |
MEXC PAXG_USDT
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against MEXC. 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
- $41.16
- Price spread: −0.124% → −0.120%
- −$0.41
- Slippage, 4 orders
- −$29.88
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$2.13
- Costs to cover
- 0.429%
- Break-even
- 7.4 days
Slippage from MEXC: live order book, 5 min ago; Hibachi: live order book, 40 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 MEXC live order book, 5 min ago | 2.05 bp | 4.7 bp −$5 | 17.0 bp −$170 | 55.3 bp −$5,533 | 127.5 bp −$63.7K |
| Sell Hibachi live order book, 40 min ago | 1.52 bp | 16.5 bp −$16 | 48.9 bp −$489 | doesn't fit | doesn't fit |
PAXG on 29 exchanges
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 | −0.0258% | 1h | 4,329.1 | −0.090% | $116K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,330.4 | −0.060% | $15.6M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,323.9 | −0.210% | $2K | $2.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,332.5 | −0.012% | $7.9M | $203K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,331.1 | −0.044% | $912K | $825K | 75x | as long as short |
| Lighter PAXG | +0.0008% | 1h | 4,327 | −0.139% | $1.4M | $499K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.330% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,327.2 | −0.134% | $80K | $4.2M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,328.4 | −0.105% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,329 | −0.092% | $905K | $42K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,328.9 | −0.095% | $1.0M | $330K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,329.3 | −0.086% | $80.3M | $80.4M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,329 | −0.092% | $14.8M | $4.8M | 75x | as long as short |
| MEXC PAXG_USDTlong | +0.0100% | 4h | 4,333 | long leg | $16.5M | $1.2M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,331.1 | −0.044% | $28.9M | $6.0M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,328.6 | −0.101% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,329.4 | −0.084% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327.7 | −0.123% | $1.2M | $867K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.1 | −0.158% | $12.2M | $278K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,328.7 | −0.099% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,327.7 | −0.121% | $262K | $796K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,327.7 | −0.122% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,328 | −0.115% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,327.4 | −0.130% | $375K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0187% | 1h | 4,328.3 | −0.107% | $1.2M | $2.1M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,327.7 | −0.123% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0264% | 1h | 4,333.4 | +0.009% | $927K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-Pshort | +0.0296% | 1h | 4,327.6 | −0.124% | $47K | $180K | 20x | |
| 01 Exchange PAXGUSD | +0.0976% | 1h | 4,338.9 | +0.136% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
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
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD