Funding you earn now, next payment 10:00 UTC−0.0198%/8h= −21.7% APRpaid last 24h +0.043%
Price spread now: Paradex against Hibachi−0.198%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 4 days (all we have)−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.195%+$19 · spread now −0.198%, 7d avg −0.021%
=Together, before fees+0.147%+ Points / potential airdropHibachi: Active · Paradex: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.177% cheaper against Hibachi than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.048% in total (about -4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,332.2 | 0.0296 | pay 0.0037% / 1h | 2m 44s | $43K | $181K | 20x |
| Short | Paradex PAXG-USD-PERP | 4,323.7 | 0.0098 | get 0.0098% / 8h | 6h 02m | $80K | $4.3M | 50x |
Hibachi PAXG/USDT-P
Paradex PAXG-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$41.65
- Price spread: −0.198% → −0.021%
- −$17.69
- Slippage, 4 orders
- −$26.1
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$98.44
- Costs to cover
- 0.391%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 49 min ago; Paradex: live order book, 4 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, 49 min ago | 0.22 bp | 11.1 bp −$11 | 47.8 bp −$478 | doesn't fit | doesn't fit |
| Sell Paradex live order book, 4 min ago | 2.46 bp | 4.5 bp −$4 | 99.9 bp −$999 | doesn't fit | doesn't fit |
PAXG on 29 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | −0.0118% | 1h | 4,333.6 | +0.030% | $116K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,334.4 | +0.050% | $15.7M | $4.1M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,328.5 | −0.086% | $2K | $2.8M | 20x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,331.2 | −0.025% | $912K | $812K | 75x | as long as short |
| Lighter PAXG | +0.0032% | 1h | 4,330.7 | −0.036% | $1.4M | $505K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.347% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0074% | 4h | 4,327.8 | −0.103% | $1.5M | $2.0M | 10x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.0080% | 1h | 4,334.9 | +0.061% | $7.9M | $180K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0084% | 1h | 4,334.7 | +0.057% | $1.2M | $2.1M | 20x | as long as short |
| Extended PAXG-USD | +0.0096% | 1h | 4,331.4 | −0.019% | $374K | $1.5M | 25x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
Lighter PAXG
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Deribit PAXG_USDC-PERPETUAL
Kraken Futures PF_PAXGUSD
Extended PAXG-USDShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERPshort | +0.0098% | 8h | 4,323.7 | −0.198% | $80K | $4.3M | 50x | |
| MEXC PAXG_USDT | +0.0098% | 4h | 4,336 | +0.086% | $16.6M | $1.3M | 100x | as long as short |
| Bitget PAXGUSDT | +0.0098% | 4h | 4,332.2 | 0.000% | $9.2M | $16.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,332 | −0.006% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,332.9 | +0.015% | $907K | $41K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,332.4 | +0.004% | $1.0M | $303K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,332.2 | −0.002% | $80.5M | $81.0M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,332 | −0.005% | $14.9M | $4.7M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,335.1 | +0.065% | $28.9M | $5.9M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,332.8 | +0.013% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,332.4 | +0.004% | $1.2M | $872K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,330 | −0.051% | $12.2M | $298K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,329.3 | −0.068% | $262K | $800K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,324.9 | −0.170% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,328 | −0.098% | $1.5M | $81K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,324.4 | −0.182% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,334.3 | +0.048% | $934K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-Plong | +0.0296% | 1h | 4,332.2 | long leg | $43K | $181K | 20x | |
| 01 Exchange PAXGUSD | +0.1032% | 1h | 4,336.6 | +0.100% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Bitget PAXGUSDT
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD