Funding you earn now, next payment 06:00 UTC−0.0676%/8h= −74.0% APRnext payment −$0.84 per $10,000 · paid last 24h −0.233%
Price spread now: Hyperliquid against 01 Exchange−0.271%7-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
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Hyperliquid is 0.271% cheaper against 01 Exchange than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange PAXGUSD | 4,354.2 | 0.0760 | pay 0.0095% / 1h | 41m 58s | $29K | $24K | 10x |
| Short | Hyperliquid PAXG | 4,342.4 | 0.0084 | get 0.0011% / 1h | 41m 58s | $20.8M | $2.3M | 10x |
01 Exchange PAXGUSD
Hyperliquid PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$141.9
- Price spread: −0.271% → 0.000%
- −$27.1
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$185
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago | 0.12 bp | 6.1 bp −$6 | 7.4 bp −$74 | 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-P | −0.0176% | 1h | 4,344.6 | −0.220% | $46K | $158K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,343.5 | −0.247% | $1.3M | $1.5M | 20x | as long as short |
| Lighter PAXG | −0.0072% | 1h | 4,341.1 | −0.300% | $1.4M | $366K | 25x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | −0.284% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,345.1 | −0.209% | $15.7M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,339.3 | −0.342% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,346.7 | −0.172% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,346.9 | −0.168% | $906K | $691K | 75x | as long as short |
| ApeX Omni PAXGUSDT | +0.0006% | 1h | 4,343.8 | −0.238% | $263K | $782K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0030% | 4h | 4,344.4 | −0.224% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
ApeX Omni PAXGUSDT
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 | −0.158% | $1K | $151K | 30x | as long as short |
| MEXC PAXG_USDT | +0.0042% | 4h | 4,343.9 | −0.237% | $16.2M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0044% | 4h | 4,342.2 | −0.276% | $80.2M | $70.4M | 75x | as long as short |
| Extended PAXG-USD | +0.0048% | 1h | 4,341 | −0.302% | $379K | $1.4M | 25x | as long as short |
| Aster PAXGUSDT | +0.0078% | 4h | 4,342.2 | −0.274% | $906K | $26K | 50x | as long as short |
| Hyperliquid PAXGshort | +0.0084% | 1h | 4,342.4 | −0.271% | $20.8M | $2.3M | 10x | |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,343 | −0.258% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,342.9 | −0.260% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,345.2 | −0.207% | $1.0M | $353K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,344.4 | −0.225% | $14.9M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,345.4 | −0.201% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,342.1 | −0.279% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,344.2 | −0.229% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,343 | −0.257% | $1.3M | $795K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,343.5 | −0.246% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | −0.349% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,342.4 | −0.270% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,347.5 | −0.153% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSDlong | +0.0760% | 1h | 4,354.2 | long leg | $29K | $24K | 10x |
Injective PAXG/USDC PERP
MEXC PAXG_USDT
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
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