Funding you earn now, next payment 06:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.045%
Price spread now: Hibachi against Variational Omni−0.011%7-day average −0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.011%, 7d avg −0.002%
=Together, before fees−0.032%+ Points / potential airdropVariational Omni: Active · Hibachi: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.007% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PAXG | 4,322.5 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $12.3M | $222K | — |
| Short | Hibachi PAXG/USDT-P | 4,322.1 | −0.0144 | pay 0.0018% / 1h | 12m 56s | $42K | $165K | 20x |
Variational Omni PAXG
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Variational Omni. 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: −0.011% → −0.002%
- −$0.82
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$61.06
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Hibachi: live order book, 36 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 Variational Omni RFQ quote, 1 min ago | 2.82 bp | doesn't fit | 6.7 bp −$67 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-Pshort | −0.0144% | 1h | 4,322.1 | −0.011% | $42K | $165K | 20x | |
| Lighter PAXG | −0.0136% | 1h | 4,319.1 | −0.079% | $1.4M | $391K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,320.9 | −0.037% | $1.2M | $1.9M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0060% | 4h | 4,320.5 | −0.047% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0005% | 1h | 4,319.3 | −0.074% | $261K | $784K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,319.9 | −0.061% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,324.2 | +0.038% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,316.9 | −0.129% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,324.6 | +0.048% | $7.9M | $835K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,325.7 | +0.072% | $901K | $739K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0015% | 4h | 4,323.5 | +0.022% | $79.7M | $74.3M | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,321.9 | −0.015% | $377K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0018% | 4h | 4,325.2 | +0.063% | $16.4M | $1.1M | 100x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.573% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0043% | 4h | 4,322.7 | +0.003% | $902K | $27K | 50x | as long as short |
| Hyperliquid PAXG | +0.0093% | 1h | 4,321.7 | −0.019% | $20.7M | $2.4M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,320.6 | −0.046% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,320.5 | −0.047% | $554 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,322.3 | −0.005% | $1.0M | $348K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,324.1 | +0.036% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,324.1 | +0.035% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,323.8 | +0.029% | $9.3M | $16.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,323.6 | +0.025% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,322.7 | +0.003% | $1.3M | $809K | 50x | as long as short |
| Variational Omni PAXGlong | +0.0100% | 4h | 4,322.5 | long leg | $12.3M | $222K | — | |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,318 | −0.105% | $1.5M | $45K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,319.9 | −0.061% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,323.8 | +0.029% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0840% | 1h | 4,331.2 | +0.200% | $29K | $24K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD