Funding you earn now, next payment 09:00 UTC+0.0184%/8h= +20.1% APRpaid last 24h +0.044%
Price spread now: Bitget against Hibachi+0.031%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$490.485% of the position
Funding, last 7 days−0.514%−$51 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.031%, 7d avg 0.000%
=Together, before fees−0.538%+ Points / potential airdropHibachi: Active · farm board−$54 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.030% dearer against Hibachi than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of 0.000%. Mind the row above: over the last 7 days funding on this pair cost −0.514%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,306.5 | −0.0168 | get 0.0021% / 1h | 20m 58s | $40K | $184K | 20x |
| Short | Bitget PAXGUSDT | 4,307.9 | 0.0016 | get 0.0008% / 4h | 3h 20m | $9.5M | $16.1M | 50x |
Hibachi PAXG/USDT-P
Bitget PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Hibachi. 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
- $38.64
- Price spread: +0.031% → 0.000%
- $3.04
- Slippage, 4 orders
- −$27.51
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$6.83
- Costs to cover
- 0.485%
- Break-even
- 8.2 days
Slippage from Hibachi: live order book, 13 min ago; Bitget: live order book, 8 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 Hibachi live order book, 13 min ago | 0.44 bp | 18.0 bp −$18 | 54.2 bp −$542 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 8 min ago | 0.01 bp | 7.3 bp −$7 | 9.1 bp −$91 | 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 | 4,306 | −0.012% | $1.4M | $626K | 25x | as long as short |
| Hibachi PAXG/USDT-Plong | −0.0168% | 1h | 4,306.5 | long leg | $40K | $184K | 20x | |
| GRVT PAXG_USDT_Perp | −0.0152% | 4h | 4,302.1 | −0.103% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,308.9 | +0.055% | $1.2M | $2.0M | 20x | as long as short |
| dYdX PAXG-USD | −0.0053% | 1h | 4,306 | −0.013% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,310.3 | +0.088% | $15.6M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,303.8 | −0.063% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,311.5 | +0.115% | $7.9M | $574K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,309 | +0.057% | $905K | $833K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0004% | 4h | 4,313.1 | +0.152% | $16.7M | $1.2M | 100x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
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 | +0.0006% | 4h | 4,308.5 | +0.046% | $80.2M | $81.1M | 75x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,306 | −0.013% | $373K | $1.5M | 25x | as long as short |
| ApeX Omni PAXGUSDT | +0.0014% | 1h | 4,300.3 | −0.144% | $260K | $789K | 50x | as long as short |
| Bitget PAXGUSDTshort | +0.0016% | 4h | 4,307.9 | +0.031% | $9.5M | $16.1M | 50x | |
| Aster PAXGUSDT | +0.0023% | 4h | 4,308.4 | +0.043% | $901K | $37K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.947% | $1K | $151K | 30x | as long as short |
| Hyperliquid PAXG | +0.0078% | 1h | 4,307.2 | +0.015% | $21.1M | $2.7M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0085% | 8h | 4,304.9 | −0.038% | $81K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,306.5 | 0.000% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,309 | +0.057% | $14.8M | $4.4M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,309.4 | +0.066% | $28.7M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,308.8 | +0.053% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,308.2 | +0.039% | $1.2M | $849K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,292.5 | −0.325% | $12.2M | $231K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,305.9 | −0.015% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,306 | −0.012% | $1.5M | $78K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,306.2 | −0.007% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309 | +0.057% | $932K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0856% | 1h | 4,317.2 | +0.248% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD