Funding you earn now, next payment 05:00 UTC−0.0349%/8h= −38.3% APRnext payment −$0.44 per $10,000 · paid last 24h −0.067%
Price spread now: Hibachi against Reya−0.015%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropReya: Active · Hibachi: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PAXGRUSDPERP | 4,336 | 0.0189 | pay 0.0024% / 1h | 46m 02s | $21K | — | 100x |
| Short | Hibachi PAXG/USDT-P | 4,335.4 | −0.0160 | pay 0.0020% / 1h | 46m 02s | $42K | $154K | 20x |
Reya PAXGRUSDPERP
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Reya. 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
- −$73.39
- Price spread: −0.015% → 0.000%
- −$1.53
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$89.92
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Hibachi: live order book, 8 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell Hibachi live order book, 8 min ago | 0.12 bp | 17.6 bp −$18 | 52.8 bp −$528 | doesn't fit | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0168% | 1h | 4,334.6 | −0.032% | $1.4M | $362K | 25x | as long as short |
| Hibachi PAXG/USDT-Pshort | −0.0160% | 1h | 4,335.4 | −0.015% | $42K | $154K | 20x | |
| ApeX Omni PAXGUSDT | −0.0153% | 1h | 4,331.7 | −0.099% | $262K | $788K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0144% | 4h | 4,333.7 | −0.053% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | −0.029% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,338.4 | +0.055% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,330.5 | −0.127% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,339.2 | +0.074% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342.7 | +0.154% | $904K | $683K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.260% | $1K | $151K | 30x | as long as short |
Lighter PAXG
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
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 | 4,336.6 | +0.014% | $1.3M | $1.4M | 20x | as long as short |
| MEXC PAXG_USDT | +0.0068% | 4h | 4,338 | +0.046% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0068% | 4h | 4,335.8 | −0.006% | $80.0M | $71.1M | 75x | as long as short |
| Extended PAXG-USD | +0.0072% | 1h | 4,334.3 | −0.039% | $378K | $1.4M | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,335.9 | −0.002% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,335.8 | −0.005% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,336.2 | +0.004% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,335.9 | −0.003% | $905K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,337.9 | +0.043% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,336.9 | +0.020% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,338.9 | +0.066% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,336.8 | +0.018% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,336.9 | +0.021% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,336.6 | +0.013% | $1.3M | $800K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,336 | −0.001% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,333 | −0.070% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERPlong | +0.0189% | 1h | 4,336 | long leg | $21K | — | 100x | |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | +0.115% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1024% | 1h | 4,346.9 | +0.251% | $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
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD