Funding you earn now, next payment 05:00 UTC−0.0244%/8h= −26.7% APRnext payment −$0.31 per $10,000 · paid last 24h −0.040%
Price spread now: Hibachi against Pacifica−0.043%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$420.415% of the position
Funding, last 7 days+0.489%+$49 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.043%, 7d avg −0.020%
=Together, before fees+0.508%+ Points / potential airdropPacifica: Active · Hibachi: Active · farm board+$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hibachi is 0.023% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.489%, 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 | Pacifica PAXG | 4,336 | 0.0100 | pay 0.0013% / 1h | 52m 28s | $1.0M | $338K | 10x |
| Short | Hibachi PAXG/USDT-P | 4,334.1 | −0.0144 | pay 0.0018% / 1h | 52m 28s | $42K | $155K | 20x |
Pacifica PAXG
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Pacifica. 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
- −$51.24
- Price spread: −0.043% → −0.020%
- −$2.31
- Slippage, 4 orders
- −$24.51
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$95.06
- Costs to cover
- 0.415%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 6 min ago; Hibachi: live order book, 1 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 Pacifica live order book, 6 min ago | 0.12 bp | 4.7 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 1 min ago | 0.12 bp | 17.6 bp −$18 | 52.8 bp −$528 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PAXG_USDT_Perp | −0.0296% | 4h | 4,334.9 | −0.026% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0293% | 1h | 4,331.9 | −0.095% | $262K | $788K | 50x | as long as short |
| Lighter PAXG | −0.0176% | 1h | 4,332.4 | −0.083% | $1.4M | $362K | 25x | as long as short |
| Hibachi PAXG/USDT-Pshort | −0.0144% | 1h | 4,334.1 | −0.043% | $42K | $155K | 20x | |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | −0.028% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.2 | +0.005% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,328.2 | −0.180% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,337.5 | +0.035% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341 | +0.115% | $903K | $684K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.261% | $1K | $151K | 30x | as long as short |
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,334.8 | −0.027% | $1.3M | $1.4M | 20x | as long as short |
| MEXC PAXG_USDT | +0.0076% | 4h | 4,337.4 | +0.033% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0078% | 4h | 4,333.5 | −0.058% | $79.9M | $71.2M | 75x | as long as short |
| Extended PAXG-USD | +0.0080% | 1h | 4,332.2 | −0.086% | $378K | $1.4M | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,334.1 | −0.044% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | −0.032% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334 | −0.046% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,333.4 | −0.060% | $904K | $27K | 50x | as long as short |
| Pacifica PAXGlong | +0.0100% | 1h | 4,336 | long leg | $1.0M | $338K | 10x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,334.4 | −0.037% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,337 | +0.022% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,334.5 | −0.034% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,334.5 | −0.035% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,334.8 | −0.028% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,334.1 | −0.044% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,334 | −0.046% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333.6 | −0.055% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | +0.116% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0984% | 1h | 4,344.6 | +0.199% | $29K | $23K | 10x | as long as short |
Kraken Futures PF_PAXGUSD
MEXC PAXG_USDT
Binance PAXGUSDT
Extended PAXG-USD
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD