Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%
Price spread now: HTX against Pacifica+0.045%7-day average +0.127% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.045%, 7d avg +0.127%
=Together, before fees+0.024%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.083% cheaper against Pacifica than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.127%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PAXG | 4,320.2 | 0.0100 | pay 0.0013% / 1h | 17m 09s | $1.0M | $316K | 10x |
| Short | HTX PAXG-USDT | 4,322.2 | 0 | get 0.0000% / 4h | 1h 17m | $904K | $774K | 75x |
Pacifica PAXG
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Pacifica. 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
- −$21
- Price spread: +0.045% → +0.127%
- −$8.28
- Slippage, 4 orders
- −$24.56
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$73.83
- Costs to cover
- 0.446%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 2 min ago; HTX: live order book, 27 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 Pacifica live order book, 2 min ago | 0.12 bp | 4.1 bp −$4 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 27 min ago | 1.41 bp | 14.0 bp −$14 | 17.2 bp −$172 | 27.8 bp −$2,776 | 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 | −0.0184% | 1h | 4,316.3 | −0.090% | $1.4M | $467K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0128% | 1h | 4,318.1 | −0.050% | $42K | $168K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0110% | 4h | 4,318.4 | −0.041% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,319.5 | −0.016% | $1.2M | $1.9M | 20x | as long as short |
| Extended PAXG-USD | −0.0008% | 1h | 4,317.1 | −0.073% | $378K | $625K | 25x | as long as short |
| Binance PAXGUSDT | −0.0008% | 4h | 4,318.4 | −0.043% | $79.6M | $75.2M | 75x | as long as short |
| MEXC PAXG_USDT | −0.0006% | 4h | 4,323.4 | +0.073% | $16.6M | $1.1M | 100x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | −0.054% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,320.2 | −0.001% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,314.4 | −0.134% | $2K | $3.4M | 20x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,322.2 | +0.047% | $7.9M | $850K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,322.2 | +0.045% | $904K | $774K | 75x | |
| Aster PAXGUSDT | +0.0009% | 4h | 4,320 | −0.005% | $901K | $27K | 50x | as long as short |
| ApeX Omni PAXGUSDT | +0.0032% | 1h | 4,318.1 | −0.050% | $261K | $772K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.627% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,318.8 | −0.033% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,317.5 | −0.063% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,318.8 | −0.034% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXGlong | +0.0100% | 1h | 4,320.2 | long leg | $1.0M | $316K | 10x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,319.1 | −0.026% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,321 | +0.018% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,319.2 | −0.024% | $9.4M | $16.5M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,319 | −0.028% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,318.7 | −0.036% | $1.3M | $826K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,317.7 | −0.059% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.098% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.9 | −0.053% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,322.2 | +0.045% | $949K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0792% | 1h | 4,329.1 | +0.205% | $29K | $23K | 10x | as long as short |
Deribit PAXG_USDC-PERPETUAL
Aster PAXGUSDT
ApeX Omni PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid 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