Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%
Price spread now: HTX against Pacifica+0.066%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$470.468% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.066%, 7d avg +0.128%
=Together, before fees+0.008%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.061% cheaper against Pacifica than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.128%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PAXG | 4,335.1 | 0.0100 | pay 0.0013% / 1h | 36m 05s | $1.0M | $348K | 10x |
| Short | HTX PAXG-USDT | 4,338 | 0 | get 0.0000% / 4h | 2h 36m | $903K | $702K | 75x |
Pacifica PAXG
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$21
- Price spread: +0.066% → +0.128%
- −$6.13
- Slippage, 4 orders
- −$26.82
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$73.95
- Costs to cover
- 0.468%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 3 min ago; HTX: live order book, 13 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, 3 min ago | 0.12 bp | 5.0 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 13 min ago | 1.64 bp | 12.3 bp −$12 | 14.3 bp −$143 | 17.5 bp −$1,754 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,334.2 | −0.021% | $44K | $160K | 20x | as long as short |
| Lighter PAXG | −0.0104% | 1h | 4,328.5 | −0.152% | $1.4M | $384K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,330 | −0.118% | $1.2M | $1.5M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0025% | 1h | 4,335 | −0.002% | $262K | $782K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338 | +0.067% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,331.6 | −0.081% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,325.9 | −0.212% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,333.5 | −0.036% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,338 | +0.066% | $903K | $702K | 75x | |
| GRVT PAXG_USDT_Perp | +0.0028% | 4h | 4,336.6 | +0.034% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.281% | $1K | $151K | 30x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,328.5 | −0.151% | $379K | $1.4M | 25x | as long as short |
| Binance PAXGUSDT | +0.0042% | 4h | 4,329.9 | −0.119% | $80.0M | $71.2M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0042% | 4h | 4,333.6 | −0.034% | $16.1M | $1.0M | 100x | as long as short |
| Hyperliquid PAXG | +0.0069% | 1h | 4,330.5 | −0.106% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0073% | 4h | 4,332.5 | −0.060% | $904K | $26K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,333.3 | −0.043% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,330.6 | −0.104% | $556 | — | 10x | as long as short |
| Pacifica PAXGlong | +0.0100% | 1h | 4,335.1 | long leg | $1.0M | $348K | 10x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,330.4 | −0.108% | $14.9M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,332.4 | −0.062% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,330.8 | −0.099% | $9.7M | $15.4M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,331 | −0.094% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,330.7 | −0.101% | $1.3M | $798K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,342.2 | +0.165% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,330 | −0.118% | $1.5M | $33K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,329.4 | −0.131% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,347.5 | +0.287% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0784% | 1h | 4,344 | +0.205% | $29K | $24K | 10x | as long as short |
Injective PAXG/USDC PERP
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
Hyperliquid PAXG
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
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