PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0264%/8h= +28.9% APRnext payment +$0.33 per $10,000 · paid last 24h +0.090%

Price spread now: Coinbase International against Hibachi+0.289%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Hibachi Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 3 days (all we have)−0.168%−$17 · spread now +0.289%, 7d avg +0.088%

Together, before fees−0.383%+ Points / potential airdropHibachi: Active · farm board−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.202% dearer against Hibachi than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.088%. Mind the row above: over the last 7 days funding on this pair cost −0.215%, 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	4,346.6	0.0048	pay 0.0006% / 1h	35m 33s	$42K	$160K	20x
Short	Coinbase International PAXG-PERP-INTX	4,359.1	0.0312	get 0.0039% / 1h	35m 33s	$973K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hibachi. 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 HibachibpFee Coinbase InternationalbpOrdersPrice spread, now +0.289%Rate

Funding earned: $55.44
Price spread: +0.289% → +0.088%: $20.17
Slippage, 4 orders: −$29.13
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $27.48
Costs to cover: 0.481%
Break-even: 3.5 days

Slippage from Hibachi: live order book, 33 min ago; Coinbase International: live order book, 3 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, 33 min ago	0.08 bp	15.5 bp −$16	49.4 bp −$494	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.47 bp	7.5 bp −$7	12.5 bp −$125	157.7 bp −$15.8K	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
dYdX PAXG-USD	0.0000%	1h	4,346.8	+0.004%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,351.8	+0.121%	$15.7M	$3.5M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,344.4	−0.050%	$2K	$3.8M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,352.6	+0.138%	$7.9M	$873K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,351.8	+0.120%	$904K	$631K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.017%	$1K	$151K	30x	as long as short
Hibachi PAXG/USDT-Plong	+0.0048%	1h	4,346.6	long leg	$42K	$160K	20x
Lighter PAXG	+0.0096%	1h	4,351.2	+0.107%	$1.4M	$304K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,350.7	+0.096%	$80K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,351.4	+0.111%	$20.7M	$2.1M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PAXGUSDT	+0.0100%	4h	4,351.1	+0.105%	$908K	$29K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,351.5	+0.113%	$1.0M	$366K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,351.9	+0.123%	$80.2M	$70.6M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,352.7	+0.141%	$15.2M	$3.5M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,351.6	+0.117%	$16.2M	$1.1M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,352.6	+0.138%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,352.7	+0.142%	$9.6M	$15.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,350.8	+0.098%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,350.2	+0.084%	$1.4M	$798K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,350.1	+0.081%	$12.5M	$104K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,350.4	+0.087%	$1.5M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,345.8	−0.018%	$263K	$787K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,348.2	+0.038%	$558	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,349	+0.056%	$1.5M	$38K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,350.7	+0.095%	$380K	$1.4M	25x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,350.1	+0.081%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0247%	1h	4,350.1	+0.081%	$1.3M	$1.4M	20x	as long as short
Coinbase International PAXG-PERP-INTXshort	+0.0312%	1h	4,359.1	+0.289%	$973K	$1.1M	50x
01 Exchange PAXGUSD	+0.1000%	1h	4,362.1	+0.358%	$29K	$23K	10x	as long as short