Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h +0.041%
Price spread now: Pacifica against Hibachi−0.035%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days−0.489%−$49 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.035%, 7d avg +0.020%
=Together, before fees−0.431%+ Points / potential airdropHibachi: Active · Pacifica: Active · farm board−$43 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Pacifica is 0.055% cheaper against Hibachi than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,358.7 | 0.0144 | pay 0.0018% / 1h | 44m 09s | $48K | $141K | 20x |
| Short | Pacifica PAXG | 4,357.2 | 0.0100 | get 0.0013% / 1h | 44m 09s | $1.0M | $344K | 10x |
Hibachi PAXG/USDT-P
Pacifica PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$9.24
- Price spread: −0.035% → +0.020%
- −$5.47
- Slippage, 4 orders
- −$28.58
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$60.29
- Costs to cover
- 0.456%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 35 min ago; Pacifica: live order book, 5 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, 35 min ago | 0.14 bp | 19.2 bp −$19 | 52.1 bp −$521 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 5 min ago | 0.12 bp | 4.6 bp −$5 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.0007% | 1h | 4,347.3 | −0.262% | $1K | $151K | 30x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,358.3 | −0.009% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,359.4 | +0.016% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,352.5 | −0.142% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,360.8 | +0.049% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,360 | +0.029% | $911K | $634K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,356.2 | −0.059% | $1.4M | $270K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,354.5 | −0.098% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,357.4 | −0.030% | $20.4M | $1.8M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,356.9 | −0.042% | $909K | $30K | 50x | as long as short |
Injective PAXG/USDC PERP
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXGshort | +0.0100% | 1h | 4,357.2 | −0.035% | $1.0M | $344K | 10x | |
| Binance PAXGUSDT | +0.0100% | 4h | 4,357.3 | −0.032% | $80.0M | $68.5M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,357.3 | −0.032% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,355.8 | −0.068% | $16.1M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,358.2 | −0.012% | $27.0M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,357.8 | −0.021% | $9.9M | $14.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,357.5 | −0.027% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,358.3 | −0.010% | $1.4M | $955K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,357.9 | −0.019% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,359.6 | +0.019% | $1.6M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,358.2 | −0.013% | $264K | $795K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,357.4 | −0.030% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,358 | −0.016% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,356.3 | −0.054% | $378K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-Plong | +0.0144% | 1h | 4,358.7 | long leg | $48K | $141K | 20x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,357 | −0.039% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0286% | 1h | 4,358.9 | +0.004% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,362.5 | +0.088% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,441 | +1.888% | $30K | $23K | 10x | as long as short |
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD