Funding you earn now, next payment 05:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.013%
Price spread now: Hibachi against HTX−0.060%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$680.680% of the position
Funding, last 7 days+0.570%+$57 on $10k
+Price spread, last 4 days (all we have)−0.116%−$12 · spread now −0.060%, 7d avg −0.149%
=Together, before fees+0.455%+ Points / potential airdropHibachi: Active · farm board+$45 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.089% dearer against HTX than usual: you sell high and buy low (spread −0.060% now, against its 7-day average of −0.149%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 42 hours. Mind the row above: over the last 7 days funding on this pair paid +0.570%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PAXG-USDT | 4,339.9 | 0 | get 0.0000% / 4h | 3h 16m | $903K | $689K | 75x |
| Short | Hibachi PAXG/USDT-P | 4,337.3 | −0.0168 | pay 0.0021% / 1h | 16m 51s | $42K | $154K | 20x |
HTX PAXG-USDT
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against HTX. 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
- −$35.28
- Price spread: −0.060% → −0.149%
- $8.85
- Slippage, 4 orders
- −$46.98
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$94.41
- Costs to cover
- 0.680%
- Break-even
- never at this rate
Slippage from HTX: live order book, 37 min ago; Hibachi: live order book, 37 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 HTX live order book, 37 min ago | 0.74 bp | 13.7 bp −$14 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 37 min ago | 0.12 bp | 17.6 bp −$18 | 52.8 bp −$528 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-Pshort | −0.0168% | 1h | 4,337.3 | −0.060% | $42K | $154K | 20x | |
| Lighter PAXG | −0.0144% | 1h | 4,335.8 | −0.094% | $1.4M | $368K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0040% | 4h | 4,337.9 | −0.047% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0029% | 1h | 4,336.5 | −0.078% | $262K | $785K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.3 | −0.036% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,339.7 | −0.004% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,332.3 | −0.175% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,340.9 | +0.024% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDTlong | 0.0000% | 4h | 4,339.9 | long leg | $903K | $689K | 75x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.171% | $1K | $151K | 30x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0038% | 4h | 4,339.1 | −0.019% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0039% | 4h | 4,337 | −0.068% | $79.9M | $70.6M | 75x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,335.8 | −0.095% | $379K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,338 | −0.044% | $1.3M | $1.4M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,336.8 | −0.072% | $81K | $3.5M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,335.2 | −0.108% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,337.3 | −0.059% | $20.8M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,336.6 | −0.077% | $905K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,338.8 | −0.026% | $1.0M | $340K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,337.7 | −0.051% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,340 | +0.002% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,337.9 | −0.046% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,337.8 | −0.048% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,337.9 | −0.047% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,337.1 | −0.064% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,334 | −0.135% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,336.7 | −0.073% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,339.1 | −0.018% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0896% | 1h | 4,347.9 | +0.185% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
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