Funding you earn now, next payment 06:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h +0.045%
Price spread now: Bybit against Hibachi+0.009%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$510.510% of the position
Funding, last 7 days−0.483%−$48 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.009%, 7d avg +0.015%
=Together, before fees−0.463%+ Points / potential airdropHibachi: Active · farm board−$46 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: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.483%, 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 | 4,344.1 | −0.0192 | get 0.0024% / 1h | 48m 14s | $45K | $160K | 20x |
| Short | Bybit PAXGUSDT | 4,344.5 | 0.0100 | get 0.0050% / 4h | 2h 48m | $14.9M | $3.8M | 75x |
Hibachi PAXG/USDT-P
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $61.32
- Price spread: +0.009% → +0.015%
- −$0.68
- Slippage, 4 orders
- −$30.98
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $9.66
- Costs to cover
- 0.510%
- Break-even
- 5.9 days
Slippage from Hibachi: live order book, 1 min ago; Bybit: live order book, just now.
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, 1 min ago | 0.02 bp | 19.1 bp −$19 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 0.12 bp | 7.1 bp −$7 | 9.8 bp −$98 | 26.5 bp −$2,645 | 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 | −0.0192% | 1h | 4,344.1 | long leg | $45K | $160K | 20x | |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,345.4 | +0.029% | $1.3M | $1.5M | 20x | as long as short |
| Lighter PAXG | −0.0064% | 1h | 4,342.8 | −0.030% | $1.4M | $365K | 25x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | −0.052% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,345.9 | +0.041% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,340.7 | −0.079% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,348 | +0.090% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,346.5 | +0.055% | $906K | $691K | 75x | as long as short |
| ApeX Omni PAXGUSDT | +0.0002% | 1h | 4,342.9 | −0.027% | $263K | $783K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0018% | 4h | 4,343.8 | −0.008% | $1.5M | $1.9M | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.073% | $1K | $151K | 30x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,342.9 | −0.029% | $379K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0040% | 4h | 4,344.9 | +0.018% | $16.2M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0040% | 4h | 4,344 | −0.003% | $80.2M | $70.5M | 75x | as long as short |
| Aster PAXGUSDT | +0.0077% | 4h | 4,343.9 | −0.006% | $906K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0093% | 1h | 4,343.4 | −0.017% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,343.1 | −0.023% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,343.3 | −0.019% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,344.7 | +0.012% | $1.0M | $353K | 10x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,344.5 | +0.009% | $14.9M | $3.8M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,346.6 | +0.057% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,344.5 | +0.008% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,344.4 | +0.007% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,343.5 | −0.015% | $1.3M | $795K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,342.8 | −0.031% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | −0.118% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,343.7 | −0.010% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,347.5 | +0.079% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0768% | 1h | 4,354.6 | +0.241% | $29K | $24K | 10x | as long as short |
Injective PAXG/USDC PERP
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
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