PAXG

Alert: funding

Alert: spread

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: Deribit against Hibachi+0.068%50s7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as 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−$450.446% of the position

Long on Hibachi Short on Deribit

What this pair did over the last

the charts below follow

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 cost −0.687%, so the current rate has only just turned in your favour. The two prices were read 50 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	Hibachi PAXG/USDT-P	4,321.6	−0.0104	get 0.0013% / 1h	34m 28s	$41K	$168K	20x
Short	Deribit PAXG_USDC-PERPETUAL	4,324.5	0	get 0.0000% / 1h	34m 28s	$7.9M	$659K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.068%Rate

Funding earned: $21.84
Price spread: +0.068% → +0.056%: $1.12
Slippage, 4 orders: −$28.6
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$21.63
Costs to cover: 0.446%
Break-even: 13.9 days

Slippage from Hibachi: live order book, 4 min ago; Deribit: live order book, 5 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, 4 min ago	0.22 bp	14.6 bp −$15	49.9 bp −$499	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	2.52 bp	6.0 bp −$6	13.3 bp −$133	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	−0.061%	$1.4M	$482K	25x	as long as short
GRVT PAXG_USDT_Perp	−0.0104%	4h	4,321.8	+0.006%	$1.5M	$2.0M	10x	as long as short
Hibachi PAXG/USDT-Plong	−0.0104%	1h	4,321.6	long leg	$41K	$168K	20x
Kraken Futures PF_PAXGUSD	−0.0055%	1h	4,321.4	−0.004%	$1.2M	$1.8M	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,321.4	−0.003%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,322.7	+0.026%	$15.6M	$3.6M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,317.4	−0.097%	$2K	$3.2M	20x	as long as short
Deribit PAXG_USDC-PERPETUALshort	0.0000%	1h	4,324.5	+0.068%	$7.9M	$659K	50x
HTX PAXG-USDT	0.0000%	4h	4,326.4	+0.111%	$903K	$783K	75x	as long as short
MEXC PAXG_USDT	+0.0012%	4h	4,326.1	+0.104%	$16.6M	$1.0M	100x	as long as short

Show 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	−0.009%	$79.7M	$74.0M	75x	as long as short
Extended PAXG-USD	+0.0016%	1h	4,320	−0.036%	$376K	$1.6M	25x	as long as short
Aster PAXGUSDT	+0.0022%	4h	4,321.9	+0.007%	$902K	$29K	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.596%	$1K	$151K	30x	as long as short
ApeX Omni PAXGUSDT	+0.0056%	1h	4,318.9	−0.061%	$262K	$773K	50x	as long as short
Bitget PAXGUSDT	+0.0076%	4h	4,320.7	−0.020%	$9.4M	$15.9M	50x	as long as short
Paradex PAXG-USD-PERP	+0.0099%	8h	4,320.2	−0.031%	$85K	$3.5M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,320.5	−0.024%	$554	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,321.2	−0.008%	$20.8M	$2.4M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,322.8	+0.029%	$1.0M	$303K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,321.7	+0.002%	$14.9M	$4.0M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,323.1	+0.037%	$28.7M	$5.3M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,322.3	+0.016%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,321.7	+0.002%	$1.3M	$822K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,320.3	−0.029%	$12.3M	$218K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,322	+0.010%	$1.5M	$52K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,320	−0.036%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0224%	1h	4,325.9	+0.101%	$950K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.0912%	1h	4,331.5	+0.230%	$29K	$23K	10x	as long as short