Funding you earn now, next payment 03:00 UTC−0.1072%/8h= −117.4% APRnext payment −$1.34 per $10,000 · paid last 24h −0.262%
Price spread now: Hibachi against 01 Exchange−0.280%51s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Hibachi is 0.280% cheaper against 01 Exchange than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange PAXGUSD | 4,353 | 0.1008 | pay 0.0126% / 1h | 8m 38s | $29K | $23K | 10x |
| Short | Hibachi PAXG/USDT-P | 4,340.8 | −0.0064 | pay 0.0008% / 1h | 8m 38s | $41K | $158K | 20x |
01 Exchange PAXGUSD
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against 01 Exchange. 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
- −$225.12
- Price spread: −0.280% → 0.000%
- −$28
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$269.12
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Hibachi: live order book, 55 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Hibachi live order book, 55 min ago | 0.20 bp | 16.5 bp −$16 | 50.6 bp −$506 | doesn't fit | doesn't fit |
01 Exchange: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-Pshort | −0.0064% | 1h | 4,340.8 | −0.280% | $41K | $158K | 20x | |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.3 | −0.269% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,344.1 | −0.204% | $15.6M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,338.6 | −0.330% | $2K | $3.7M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,345.6 | −0.170% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,348.8 | −0.096% | $904K | $661K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.131% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0082% | 4h | 4,342.2 | −0.248% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,341.4 | −0.267% | $1.4M | $351K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,342.2 | −0.247% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,343.1 | −0.227% | $20.8M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,342 | −0.254% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,343.5 | −0.218% | $1.0M | $339K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,342.6 | −0.238% | $80.1M | $70.7M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,343.6 | −0.215% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,343.2 | −0.225% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,344.9 | −0.186% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,343.4 | −0.221% | $9.6M | $14.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,343.3 | −0.223% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,342.9 | −0.233% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,340.4 | −0.289% | $12.4M | $99K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,342.5 | −0.242% | $263K | $791K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,341.5 | −0.264% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,343 | −0.230% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,341.5 | −0.264% | $382K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0173% | 1h | 4,343.2 | −0.226% | $1.3M | $1.4M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,342 | −0.253% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,353 | 0.000% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSDlong | +0.1008% | 1h | 4,353 | long leg | $29K | $23K | 10x |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX