Funding you earn now, next payment 06:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.015%
Price spread now: Hibachi against Gate−0.005%46s7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs+$10as 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−$560.558% of the position
Funding, last 7 days+0.653%+$65 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.005%, 7d avg −0.060%
=Together, before fees+0.594%+ Points / potential airdropHibachi: Active · farm board+$59 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.055% dearer against Gate than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.060%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours. Mind the row above: over the last 7 days funding on this pair paid +0.653%, so the current rate has only just turned against you. The two prices were read 46 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 | Gate PAXG_USDT | 4,328.5 | 0 | get 0.0000% / 8h | 2h 03m | $15.6M | $3.8M | 100x |
| Short | Hibachi PAXG/USDT-P | 4,328.3 | −0.0112 | pay 0.0014% / 1h | 3m 38s | $42K | $165K | 20x |
Gate PAXG_USDT
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Gate. 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
- −$23.52
- Price spread: −0.005% → −0.060%
- $5.47
- Slippage, 4 orders
- −$31.76
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$73.81
- Costs to cover
- 0.558%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Hibachi: live order book, 45 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 Gate live order book, 5 min ago | 0.92 bp | 9.8 bp −$10 | 12.9 bp −$129 | 24.0 bp −$2,400 | 56.5 bp −$28.2K |
| Sell Hibachi live order book, 45 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0128% | 1h | 4,324.6 | −0.091% | $1.4M | $392K | 25x | as long as short |
| Hibachi PAXG/USDT-Pshort | −0.0112% | 1h | 4,328.3 | −0.005% | $42K | $165K | 20x | |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,327.8 | −0.017% | $1.2M | $1.9M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0058% | 4h | 4,330.7 | +0.052% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0002% | 1h | 4,329.5 | +0.022% | $262K | $783K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,328.9 | +0.009% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDTlong | 0.0000% | 8h | 4,328.5 | long leg | $15.6M | $3.8M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,322.6 | −0.136% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,330.8 | +0.054% | $7.9M | $835K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,332.7 | +0.097% | $903K | $745K | 75x | as long as short |
Lighter PAXG
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0014% | 4h | 4,326 | −0.057% | $79.8M | $74.3M | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,324.9 | −0.084% | $376K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0016% | 4h | 4,328.1 | −0.010% | $16.4M | $1.1M | 100x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.434% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0040% | 4h | 4,328.9 | +0.008% | $903K | $27K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,325.7 | −0.065% | $81K | $3.2M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,327.1 | −0.032% | $555 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,326.9 | −0.037% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,327.8 | −0.016% | $1.0M | $336K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,326.9 | −0.038% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,329.3 | +0.019% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,325.1 | −0.079% | $9.3M | $16.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,327.3 | −0.027% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327 | −0.035% | $1.3M | $810K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,330 | +0.034% | $12.3M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,325 | −0.081% | $1.5M | $45K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,326.4 | −0.050% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,333.5 | +0.114% | $978K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0856% | 1h | 4,390.5 | +1.432% | $29K | $24K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
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