PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h −0.039%

Price spread now: Hibachi against Extended−0.001%47s7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.355% of the position

Long on Extended Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.529%+$53 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.001%, 7d avg +0.044%

Together, before fees+0.576%+ Points / potential airdropExtended: Active · Hibachi: Active · farm board+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hibachi is 0.045% cheaper against Extended than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.044%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day). The two prices were read 47 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	Extended PAXG-USD	4,316.5	0.0080	pay 0.0010% / 1h	16m 43s	$374K	$1.5M	25x
Short	Hibachi PAXG/USDT-P	4,316.4	0.0312	get 0.0039% / 1h	16m 43s	$43K	$181K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee HibachibpOrdersPrice spread, now −0.001%Rate

Funding earned: $48.72
Price spread: −0.001% → +0.044%: −$4.45
Slippage, 4 orders: −$21.53
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $8.74
Costs to cover: 0.355%
Break-even: 5.7 days

Slippage from Extended: live order book, 5 min ago; Hibachi: live order book, 35 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 Extended live order book, 5 min ago	0.12 bp	2.7 bp −$3	4.1 bp −$41	doesn't fit	doesn't fit
Sell Hibachi live order book, 35 min ago	0.22 bp	19.1 bp −$19	53.7 bp −$537	doesn't fit	doesn't fit

PAXG on 29 exchanges

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
dYdX PAXG-USD	−0.0011%	1h	4,317.1	+0.014%	$115K	$15K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,319.4	+0.068%	$15.6M	$4.0M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,313	−0.081%	$2K	$2.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,320.2	+0.086%	$7.9M	$211K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,320	+0.081%	$909K	$809K	75x	as long as short
Lighter PAXG	+0.0024%	1h	4,315.5	−0.024%	$1.4M	$501K	25x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.714%	$1K	$151K	30x	as long as short
GRVT PAXG_USDT_Perp	+0.0060%	4h	4,316.5	+0.002%	$1.5M	$1.9M	10x	as long as short
Bitget PAXGUSDT	+0.0078%	4h	4,318.2	+0.041%	$9.2M	$16.7M	50x	as long as short
Extended PAXG-USDlong	+0.0080%	1h	4,316.5	long leg	$374K	$1.5M	25x

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PAXG_USDT	+0.0080%	4h	4,322.2	+0.132%	$16.6M	$1.3M	100x	as long as short
Binance PAXGUSDT	+0.0081%	4h	4,317.8	+0.030%	$80.1M	$80.1M	75x	as long as short
Kraken Futures PF_PAXGUSD	+0.0085%	1h	4,316.8	+0.008%	$1.2M	$2.1M	20x	as long as short
Aster PAXGUSDT	+0.0097%	4h	4,317	+0.013%	$904K	$41K	50x	as long as short
Paradex PAXG-USD-PERP	+0.0097%	8h	4,316.3	−0.005%	$80K	$4.3M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,317	+0.012%	$21.2M	$2.5M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,318.6	+0.049%	$1.0M	$314K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,316.8	+0.009%	$14.9M	$4.6M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,319.9	+0.080%	$28.8M	$5.7M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,318.2	+0.041%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,316.8	+0.008%	$1.2M	$866K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,314.3	−0.051%	$12.2M	$298K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,314.8	−0.038%	$261K	$801K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,316	−0.011%	$554	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,315	−0.034%	$1.5M	$81K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,315.2	−0.029%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0232%	1h	4,324.2	+0.178%	$932K	$1.0M	50x	as long as short
Hibachi PAXG/USDT-Pshort	+0.0312%	1h	4,316.4	−0.001%	$43K	$181K	20x
01 Exchange PAXGUSD	+0.1064%	1h	4,327.7	+0.260%	$29K	$24K	10x	as long as short