Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.018%
Price spread now: Hibachi against Deribit−0.068%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs+$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days+0.687%+$69 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.068%, 7d avg −0.056%
=Together, before fees+0.690%+ Points / potential airdropHibachi: Active · farm board+$69 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.687%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PAXG_USDC-PERPETUAL | 4,324.5 | 0 | get 0.0000% / 1h | 34m 45s | $7.9M | $659K | 50x |
| Short | Hibachi PAXG/USDT-P | 4,321.6 | −0.0104 | pay 0.0013% / 1h | 34m 45s | $41K | $168K | 20x |
Deribit PAXG_USDC-PERPETUAL
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Deribit. 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
- −$21.84
- Price spread: −0.068% → −0.056%
- −$1.12
- Slippage, 4 orders
- −$28.6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$67.55
- Costs to cover
- 0.446%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 4 min ago; Hibachi: live order book, 4 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 Deribit live order book, 4 min ago | 2.52 bp | 10.0 bp −$10 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 4 min ago | 0.22 bp | 13.9 bp −$14 | 51.3 bp −$513 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0176% | 1h | 4,318.9 | −0.128% | $1.4M | $482K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0104% | 4h | 4,321.8 | −0.062% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-Pshort | −0.0104% | 1h | 4,321.6 | −0.068% | $41K | $168K | 20x | |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,321.4 | −0.072% | $1.2M | $1.8M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,321.4 | −0.070% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,323.3 | −0.027% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,317.4 | −0.164% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALlong | 0.0000% | 1h | 4,324.5 | long leg | $7.9M | $659K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,326.4 | +0.043% | $903K | $783K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0012% | 4h | 4,326.5 | +0.048% | $16.7M | $1.0M | 100x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0014% | 4h | 4,321.2 | −0.075% | $79.7M | $74.1M | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,320 | −0.104% | $376K | $1.6M | 25x | as long as short |
| Aster PAXGUSDT | +0.0022% | 4h | 4,321.9 | −0.061% | $902K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.528% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0056% | 1h | 4,318.9 | −0.129% | $262K | $773K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0074% | 4h | 4,321.1 | −0.079% | $9.4M | $15.9M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,320 | −0.105% | $85K | $3.5M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,320.4 | −0.094% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,321.4 | −0.071% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,322.4 | −0.047% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,321.3 | −0.073% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,322.8 | −0.038% | $28.7M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,322.3 | −0.050% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,321.7 | −0.066% | $1.3M | $822K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,320.3 | −0.097% | $12.3M | $218K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,322 | −0.057% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,319.9 | −0.107% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,325.9 | +0.033% | $950K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0912% | 1h | 4,331.5 | +0.162% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD