Funding you earn now, next payment 03:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.015%
Price spread now: HTX against Hibachi+0.124%7-day average +0.151% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$680.683% of the position
Funding, last 7 days−0.567%−$57 on $10k
+Price spread, last 4 days (all we have)+0.135%+$13 · spread now +0.124%, 7d avg +0.151%
=Together, before fees−0.433%+ Points / potential airdropHibachi: Active · farm board−$43 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.027% cheaper against Hibachi than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.151%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,347.6 | 0.0008 | pay 0.0001% / 1h | 24m 17s | $41K | $156K | 20x |
| Short | HTX PAXG-USDT | 4,353 | 0 | get 0.0000% / 4h | 1h 24m | $906K | $655K | 75x |
Hibachi PAXG/USDT-P
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$1.68
- Price spread: +0.124% → +0.151%
- −$2.69
- Slippage, 4 orders
- −$47.33
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$72.7
- Costs to cover
- 0.683%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 40 min ago; HTX: live order book, 39 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, 40 min ago | 0.20 bp | 16.7 bp −$17 | 52.2 bp −$522 | doesn't fit | doesn't fit |
| Sell HTX live order book, 39 min ago | 1.15 bp | 11.9 bp −$12 | 14.7 bp −$147 | 18.4 bp −$1,844 | 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 | 4,349.5 | +0.044% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,352.6 | +0.116% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,346.7 | −0.019% | $1K | $3.7M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,353.3 | +0.132% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,353 | +0.124% | $906K | $655K | 75x | |
| Hibachi PAXG/USDT-Plong | +0.0008% | 1h | 4,347.6 | long leg | $41K | $156K | 20x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.006% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0074% | 4h | 4,349.3 | +0.039% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,348.7 | +0.026% | $1.4M | $350K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,349.9 | +0.053% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,350.9 | +0.077% | $20.8M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,350.8 | +0.074% | $908K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,351.2 | +0.083% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,349.9 | +0.052% | $80.2M | $70.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,351.1 | +0.081% | $15.0M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,350.1 | +0.058% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,353.7 | +0.142% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,350.6 | +0.069% | $9.6M | $14.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,351.6 | +0.092% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,350.7 | +0.072% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,348.2 | +0.014% | $12.5M | $99K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,346.6 | −0.022% | $263K | $789K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,349.5 | +0.044% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,347 | −0.013% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,349.3 | +0.040% | $382K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0173% | 1h | 4,350.8 | +0.073% | $1.3M | $1.4M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,350.5 | +0.066% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,353 | +0.125% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0984% | 1h | 4,360.6 | +0.300% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD