Funding you earn now, next payment 08:00 UTC+0.0155%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.053%
Price spread now: Coinbase International against Hyperliquid+0.071%49s7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs+$6as 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−$270.275% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.071%, 7d avg +0.087%
=Together, before fees+0.412%+ Points / potential airdropHyperliquid: Season 2 · farm board+$41 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 49 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 | Hyperliquid PAXG | 4,329 | 0.0077 | pay 0.0010% / 1h | 0m 29s | $21.3M | $2.6M | 10x |
| Short | Coinbase International PAXG-PERP-INTX | 4,332.1 | 0.0232 | get 0.0029% / 1h | 0m 29s | $934K | $1.0M | 50x |
Hyperliquid PAXG
Coinbase International PAXG-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $32.47
- Price spread: +0.071% → +0.087%
- −$1.58
- Slippage, 4 orders
- −$8.47
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $3.43
- Costs to cover
- 0.275%
- Break-even
- 6.3 days
Slippage from Hyperliquid: live order book, 2 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 Hyperliquid live order book, 2 min ago | 0.12 bp | 5.1 bp −$5 | 7.1 bp −$71 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 3.49 bp | 8.5 bp −$8 | 12.8 bp −$128 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | −0.0239% | 1h | 4,328.5 | −0.012% | $115K | $15K | 5x | as long as short |
| Lighter PAXG | −0.0136% | 1h | 4,325.9 | −0.073% | $1.4M | $637K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0096% | 1h | 4,329.2 | +0.004% | $1.2M | $2.1M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0078% | 4h | 4,331.9 | +0.067% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0008% | 1h | 4,330.3 | +0.029% | $43K | $189K | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,330.7 | +0.039% | $15.7M | $4.1M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,324.4 | −0.105% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,332.2 | +0.073% | $7.9M | $428K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,334.2 | +0.119% | $909K | $821K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0020% | 4h | 4,335.3 | +0.146% | $16.7M | $1.2M | 100x | as long as short |
dYdX PAXG-USD
Lighter PAXG
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PAXGUSDT | +0.0022% | 4h | 4,330 | +0.024% | $9.2M | $16.3M | 50x | as long as short |
| Binance PAXGUSDT | +0.0022% | 4h | 4,329.1 | +0.003% | $80.3M | $82.1M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,327.1 | −0.044% | $375K | $1.5M | 25x | as long as short |
| ApeX Omni PAXGUSDT | +0.0030% | 1h | 4,330.4 | +0.032% | $262K | $806K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.423% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0039% | 4h | 4,330 | +0.024% | $906K | $38K | 50x | as long as short |
| Hyperliquid PAXGlong | +0.0077% | 1h | 4,329 | long leg | $21.3M | $2.6M | 10x | |
| Paradex PAXG-USD-PERP | +0.0086% | 8h | 4,326.7 | −0.054% | $80K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,328.1 | −0.021% | $1.0M | $308K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,329.5 | +0.012% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,331.8 | +0.064% | $28.9M | $5.5M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,329.4 | +0.009% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327.9 | −0.026% | $1.2M | $857K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.8 | −0.050% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,328.2 | −0.018% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,326 | −0.069% | $1.5M | $80K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,327.2 | −0.040% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXshort | +0.0232% | 1h | 4,332.1 | +0.071% | $934K | $1.0M | 50x | |
| 01 Exchange PAXGUSD | +0.1344% | 1h | 4,387 | +1.340% | $29K | $24K | 10x | as long as short |
Bitget PAXGUSDT
Binance PAXGUSDT
Extended PAXG-USD
ApeX Omni PAXGUSDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
01 Exchange PAXGUSD