Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.018%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.246% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 7 days0.000%$0 · spread now −0.018%, 7d avg −0.010%
=Together, before fees−0.049%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PAXGUSDT | 4,334.7 | 0.0100 | pay 0.0050% / 4h | 3h 49m | $14.9M | $3.8M | 75x |
| Short | Hyperliquid PAXG | 4,333.9 | 0.0100 | get 0.0013% / 1h | 49m 37s | $20.7M | $2.3M | 10x |
Bybit PAXGUSDT
Hyperliquid PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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: −0.018% → −0.010%
- −$0.85
- Slippage, 4 orders
- −$4.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$25.48
- Costs to cover
- 0.246%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: 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 Bybit live order book, 4 min ago | 0.12 bp | 7.8 bp −$8 | 10.2 bp −$102 | 27.2 bp −$2,717 | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.12 bp | 5.1 bp −$5 | 6.6 bp −$66 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PAXGUSDT | −0.0232% | 1h | 4,332.1 | −0.060% | $262K | $788K | 50x | as long as short |
| Lighter PAXG | −0.0192% | 1h | 4,332.5 | −0.051% | $1.4M | $362K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0172% | 4h | 4,334.2 | −0.011% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0144% | 1h | 4,334.6 | −0.002% | $42K | $154K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | +0.002% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.2 | +0.035% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,330.3 | −0.102% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338.3 | +0.083% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.8 | +0.164% | $904K | $683K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.291% | $1K | $151K | 30x | as long as short |
ApeX Omni PAXGUSDT
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335 | +0.007% | $1.3M | $1.4M | 20x | as long as short |
| Extended PAXG-USD | +0.0072% | 1h | 4,332 | −0.062% | $378K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0072% | 4h | 4,337.3 | +0.059% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0073% | 4h | 4,333.3 | −0.033% | $79.9M | $71.1M | 75x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,333.7 | −0.022% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,335.6 | +0.021% | $556 | — | 10x | as long as short |
| Hyperliquid PAXGshort | +0.0100% | 1h | 4,333.9 | −0.018% | $20.7M | $2.3M | 10x | |
| Aster PAXGUSDT | +0.0100% | 4h | 4,333.6 | −0.026% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336 | +0.030% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDTlong | +0.0100% | 4h | 4,334.7 | long leg | $14.9M | $3.8M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,337 | +0.053% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,334.5 | −0.005% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,334.5 | −0.004% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,334.7 | 0.000% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,334.4 | −0.007% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,334 | −0.016% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,335.3 | +0.013% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | +0.146% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1024% | 1h | 4,344.6 | +0.228% | $29K | $23K | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Aster PAXGUSDT
Pacifica PAXG
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