Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h −0.012%
Price spread now: Binance against Hyperliquid+0.015%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now +0.015%, 7d avg −0.009%
=Together, before fees−0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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: Binance is 0.024% dearer against Hyperliquid than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PAXG | 4,340.9 | 0.0100 | pay 0.0013% / 1h | 6m 44s | $20.4M | $1.8M | 10x |
| Short | Binance PAXGUSDT | 4,341.5 | 0.0100 | get 0.0050% / 4h | 6m 44s | $79.9M | $68.6M | 75x |
Hyperliquid PAXG
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- $0
- Price spread: +0.015% → −0.009%
- $2.44
- Slippage, 4 orders
- −$2.43
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.99
- Costs to cover
- 0.214%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Binance: live order book, 10 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 Hyperliquid live order book, 11 min ago | 0.12 bp | 5.5 bp −$6 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.01 bp | 6.3 bp −$6 | 6.7 bp −$67 | 9.8 bp −$979 | 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-P | −0.0048% | 1h | 4,343 | +0.049% | $41K | $156K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0009% | 1h | 4,343.9 | +0.069% | $1.4M | $1.3M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,343.6 | +0.062% | $101K | $18K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,343.9 | +0.070% | $15.8M | $4.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,337 | −0.090% | $2K | $4.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,345.7 | +0.112% | $7.9M | $837K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,348.2 | +0.170% | $908K | $667K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.7 | +0.157% | $1K | $129K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0054% | 4h | 4,343.5 | +0.061% | $1.5M | $2.1M | 10x | as long as short |
| Lighter PAXG | +0.0064% | 1h | 4,340.5 | −0.009% | $1.4M | $522K | 25x | as long as short |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Lighter PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,341.2 | +0.009% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXGlong | +0.0100% | 1h | 4,340.9 | long leg | $20.4M | $1.8M | 10x | |
| Aster PAXGUSDT | +0.0100% | 4h | 4,342.2 | +0.030% | $905K | $72K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342.9 | +0.048% | $1.0M | $363K | 10x | as long as short |
| Binance PAXGUSDTshort | +0.0100% | 4h | 4,341.5 | +0.015% | $79.9M | $68.6M | 75x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,341.8 | +0.021% | $14.8M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,345 | +0.095% | $15.9M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,343 | +0.049% | $26.8M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,341.6 | +0.016% | $9.2M | $13.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,342.7 | +0.041% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,343.1 | +0.050% | $1.4M | $1.3M | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,343.6 | +0.064% | $12.5M | $88K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,339.8 | −0.024% | $262K | $791K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,341.7 | +0.019% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,338 | −0.066% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,341.1 | +0.005% | $376K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,341.6 | +0.017% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0328% | 1h | 4,346.3 | +0.125% | $998K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1288% | 1h | 4,361.1 | +0.466% | $29K | $22K | 10x | as long as short |
Paradex PAXG-USD-PERP
Aster PAXGUSDT
Pacifica PAXG
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
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD