Funding you earn now, next payment 05:00 UTC+0.0206%/8h= +22.6% APRpaid last 24h +0.040%
Price spread now: Binance against Hibachi−0.002%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$420.425% of the position
Funding, last 7 days−0.546%−$55 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.002%, 7d avg −0.015%
=Together, before fees−0.558%+ Points / potential airdropHibachi: Active · farm board−$56 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.546%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,336.7 | −0.0168 | get 0.0021% / 1h | 15m 46s | $42K | $154K | 20x |
| Short | Binance PAXGUSDT | 4,336.6 | 0.0038 | get 0.0019% / 4h | 3h 15m | $79.9M | $70.6M | 75x |
Hibachi PAXG/USDT-P
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hibachi. 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
- $43.34
- Price spread: −0.002% → −0.015%
- $1.31
- Slippage, 4 orders
- −$23.49
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $2.16
- Costs to cover
- 0.425%
- Break-even
- 6.7 days
Slippage from Hibachi: live order book, 38 min ago; Binance: live order book, 12 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 Hibachi live order book, 38 min ago | 0.12 bp | 14.8 bp −$15 | 49.9 bp −$499 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.01 bp | 5.0 bp −$5 | 5.7 bp −$57 | 9.1 bp −$910 | 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-Plong | −0.0168% | 1h | 4,336.7 | long leg | $42K | $154K | 20x | |
| Lighter PAXG | −0.0144% | 1h | 4,335.5 | −0.028% | $1.4M | $368K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0040% | 4h | 4,337.9 | +0.028% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0029% | 1h | 4,336.5 | −0.004% | $262K | $785K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.3 | +0.038% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,339.1 | +0.056% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,332.9 | −0.086% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,340.7 | +0.094% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,339.9 | +0.076% | $903K | $689K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.246% | $1K | $151K | 30x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0038% | 4h | 4,339.2 | +0.058% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDTshort | +0.0038% | 4h | 4,336.6 | −0.002% | $79.9M | $70.6M | 75x | |
| Extended PAXG-USD | +0.0040% | 1h | 4,335.3 | −0.031% | $379K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,337.6 | +0.022% | $1.3M | $1.4M | 20x | as long as short |
| Aster PAXGUSDT | +0.0091% | 4h | 4,336.5 | −0.003% | $905K | $27K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,337.4 | +0.017% | $81K | $3.5M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,335 | −0.038% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,336.8 | +0.003% | $20.8M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,339 | +0.053% | $1.0M | $340K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,337.5 | +0.018% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,339.7 | +0.070% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,337.7 | +0.023% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,337.7 | +0.025% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,337.5 | +0.020% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,336.5 | −0.004% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,334 | −0.061% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,336.4 | −0.005% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,339.1 | +0.056% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0896% | 1h | 4,348.4 | +0.271% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
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