data as of
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Price arb /

PAXG

all PAXG markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$43
spread now+0.004%7d average+0.009%fees + slippage, in and out−$42spread needed0.423%
Long on HibachiShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi PAXG/USDT-P4,360.90.0320pay 0.0040% / 1h31m 09s$44K$139K20x
ShortHyperliquid PAXG4,361.10.0100get 0.0013% / 1h31m 09s$20.4M$1.5M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$0.4
Funding while held
−$6.6
Slippage, 4 orders
−$24.34
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$48.54
Spread needed to break even
0.423%
Slippage from Hibachi: live order book, 9 min ago; Hyperliquid: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0220%
Per $10,000 a day
−$6.60
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi live order book, 9 min ago0.17 bp16.3 bp −$1651.5 bp −$515doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.12 bp5.3 bp −$57.4 bp −$74doesn't fitdoesn't fit

PAXG price on every exchange

against the cheapest. Click to use as the short leg.
SunX4,357.3cheapestCoinbase International4,358.4+0.024%Variational Omni4,359.4+0.047%Lighter4,360.2+0.066%Extended4,360.3+0.068%ApeX Omni4,360.3+0.069%Orderly4,360.6+0.075%Reya4,360.7+0.077%Paradex4,360.9+0.081%
Hibachi4,360.9+0.083%
dYdX4,361+0.085%
Hyperliquid4,361.1+0.087%
Injective4,361.2+0.089%Bitget4,361.2+0.090%Kraken Futures4,361.4+0.094%Binance4,361.5+0.096%BingX4,361.8+0.103%Pacifica4,362+0.107%Phemex4,362+0.107%MEXC4,362+0.108%Aster4,362.1+0.111%Backpack4,362.2+0.113%Bybit4,362.3+0.113%KuCoin4,362.8+0.126%Gate4,363.3+0.137%Deribit4,364.3+0.161%HTX4,365.6+0.189%01 Exchange4,372.2+0.341%

PAXG on 28 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX PAXG-USDT−0.083%0.0000%4h$2K$3.4M20xas long as short
Coinbase International PAXG-PERP-INTX−0.058%+0.0256%1h$981K$459K50xas long as short
Variational Omni PAXG−0.036%+0.0100%4h$12.5M$71K—as long as short
Lighter PAXG−0.016%+0.0096%1h$1.4M$678K25xas long as short
Extended PAXG-USD−0.014%+0.0104%1h$378K$1.2M25xas long as short
ApeX Omni PAXGUSDT−0.014%+0.0100%1h$264K$790K50xas long as short
Orderly PERP_PAXG_USDC_mythos−0.007%+0.0100%4h$560—10xas long as short
Reya PAXGRUSDPERP−0.006%+0.0189%1h$21K—100xas long as short
Paradex PAXG-USD-PERP−0.001%+0.0100%8h$85K$2.2M50xas long as short
Hibachi PAXG/USDT-Plong0.000%+0.0320%1h$44K$139K20x
Show all 28 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX PAXG-USD+0.003%0.0000%1h$102K$18K5xas long as short
Hyperliquid PAXGshort+0.004%+0.0100%1h$20.4M$1.5M10x
Injective PAXG/USDC PERP+0.006%+0.0033%1h$1K$117K30xas long as short
Bitget PAXGUSDT+0.007%+0.0100%4h$9.1M$10.2M50xas long as short
Kraken Futures PF_PAXGUSD+0.012%+0.0201%1h$1.3M$1.0M20xas long as short
Binance PAXGUSDT+0.013%+0.0100%4h$78.8M$55.1M75xas long as short
BingX PAXG-USDT+0.020%+0.0100%4h—$6.7M—as long as short
Pacifica PAXG+0.024%+0.0100%1h$1.0M$399K10xas long as short
Phemex PAXGUSDT+0.025%+0.0100%4h$1.5M$24K50xas long as short
MEXC PAXG_USDT+0.025%+0.0100%4h$16.3M$1.1M100xas long as short
Aster PAXGUSDT+0.028%+0.0100%4h$902K$63K50xas long as short
Backpack PAXG_USDC_PERP+0.030%+0.0100%1h$1.1M$749K50xas long as short
Bybit PAXGUSDT+0.030%+0.0100%4h$15.2M$2.7M75xas long as short
KuCoin PAXGUSDTM+0.043%+0.0100%4h$27.6M$4.4M30xas long as short
Gate PAXG_USDT+0.054%0.0000%8h$16.0M$3.8M100xas long as short
Deribit PAXG_USDC-PERPETUAL+0.078%0.0000%1h$7.9M$814K50xas long as short
HTX PAXG-USDT+0.106%0.0000%4h$918K$517K75xas long as short
01 Exchange PAXGUSD+0.258%+0.0816%1h$15K$8K10xas long as short