Funding you earn now, next payment 02:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.006%
Price spread now: SunX against Hibachi−0.018%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$960.955% of the position
Funding, last 7 days−0.703%−$70 on $10k
+Price spread, last 3 days (all we have)−0.088%−$9 · spread now −0.018%, 7d avg −0.105%
=Together, before fees−0.792%+ Points / potential airdropHibachi: Active · farm board−$79 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.087% dearer against Hibachi than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.105%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 7 days (−0.703% in total) that is about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,346.6 | 0.0048 | pay 0.0006% / 1h | 34m 58s | $42K | $160K | 20x |
| Short | SunX PAXG-USDT | 4,345.8 | 0 | get 0.0000% / 4h | 2h 34m | $2K | $3.8M | 20x |
Hibachi PAXG/USDT-P
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$10.08
- Price spread: −0.018% → −0.105%
- $8.66
- Slippage, 4 orders
- −$78.5
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$96.93
- Costs to cover
- 0.955%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 34 min ago; SunX: live order book, 3 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, 34 min ago | 0.08 bp | 15.5 bp −$16 | 49.4 bp −$494 | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 21.55 bp | 25.5 bp −$26 | 55.2 bp −$552 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,346.8 | +0.004% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,352.5 | +0.137% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,345.8 | −0.018% | $2K | $3.8M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,355.3 | +0.202% | $7.9M | $873K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,354.1 | +0.173% | $905K | $635K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.017% | $1K | $151K | 30x | as long as short |
| Hibachi PAXG/USDT-Plong | +0.0048% | 1h | 4,346.6 | long leg | $42K | $160K | 20x | |
| Lighter PAXG | +0.0096% | 1h | 4,351.7 | +0.118% | $1.4M | $304K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,350.7 | +0.096% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,352.2 | +0.130% | $20.7M | $2.1M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,352.6 | +0.140% | $908K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,351.5 | +0.113% | $1.0M | $366K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,352.3 | +0.132% | $80.3M | $70.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,354 | +0.171% | $15.2M | $3.5M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,352.2 | +0.131% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,354.2 | +0.175% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,352.4 | +0.134% | $9.6M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,351.1 | +0.105% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,353.1 | +0.151% | $1.4M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,350.1 | +0.081% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,350.4 | +0.087% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,345.8 | −0.018% | $263K | $787K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,351.4 | +0.111% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,351 | +0.102% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,351.7 | +0.119% | $380K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,352.3 | +0.133% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0247% | 1h | 4,353.2 | +0.154% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0312% | 1h | 4,359.1 | +0.289% | $973K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,362.1 | +0.358% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
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