Funding you earn now, next payment 06:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.017%
Price spread now: Hibachi against HTX−0.047%48s7-day average −0.147% · 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−$730.733% of the position
Funding, last 7 days+0.566%+$57 on $10k
+Price spread, last 4 days (all we have)−0.126%−$13 · spread now −0.047%, 7d avg −0.147%
=Together, before fees+0.439%+ Points / potential airdropHibachi: Active · farm board+$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.101% dearer against HTX than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.147%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 44 hours. Mind the row above: over the last 7 days funding on this pair paid +0.566%, so the current rate has only just turned against you. The two prices were read 48 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 | HTX PAXG-USDT | 4,346.7 | 0 | get 0.0000% / 4h | 2h 44m | $906K | $691K | 75x |
| Short | Hibachi PAXG/USDT-P | 4,344.6 | −0.0184 | pay 0.0023% / 1h | 44m 27s | $46K | $162K | 20x |
HTX PAXG-USDT
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against HTX. 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: −0.047% → −0.147%
- $10.06
- Slippage, 4 orders
- −$52.34
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$101.92
- Costs to cover
- 0.733%
- Break-even
- never at this rate
Slippage from HTX: live order book, 4 min ago; Hibachi: live order book, 4 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 HTX live order book, 4 min ago | 1.64 bp | 24.6 bp −$25 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 4 min ago | 0.02 bp | 17.4 bp −$17 | 53.5 bp −$535 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-Pshort | −0.0184% | 1h | 4,344.6 | −0.047% | $46K | $162K | 20x | |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,345.1 | −0.036% | $1.3M | $1.5M | 20x | as long as short |
| Lighter PAXG | −0.0064% | 1h | 4,342.6 | −0.093% | $1.4M | $365K | 25x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | −0.111% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,346.3 | −0.008% | $15.7M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,340.6 | −0.139% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,348.1 | +0.033% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDTlong | 0.0000% | 4h | 4,346.7 | long leg | $906K | $691K | 75x | |
| ApeX Omni PAXGUSDT | +0.0003% | 1h | 4,343.4 | −0.075% | $263K | $783K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0026% | 4h | 4,344 | −0.061% | $1.5M | $1.9M | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.015% | $1K | $151K | 30x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,342.7 | −0.091% | $379K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0040% | 4h | 4,344.8 | −0.042% | $16.2M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0043% | 4h | 4,343.8 | −0.066% | $80.2M | $70.4M | 75x | as long as short |
| Aster PAXGUSDT | +0.0077% | 4h | 4,343.9 | −0.063% | $906K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0088% | 1h | 4,344 | −0.061% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,344.3 | −0.055% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,343.2 | −0.080% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,345.4 | −0.029% | $1.0M | $353K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,345 | −0.038% | $14.9M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,347.2 | +0.012% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,344 | −0.062% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,344.5 | −0.049% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,344.7 | −0.045% | $1.3M | $795K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,343.5 | −0.073% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,340 | −0.153% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,343.7 | −0.069% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,347.5 | +0.020% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0760% | 1h | 4,354.6 | +0.183% | $29K | $24K | 10x | as long as short |
Injective PAXG/USDC PERP
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD