Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.003%
Price spread now: Aster against Hyperliquid+0.050%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.050%, 7d avg +0.005%
=Together, before fees−0.061%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.046% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of +0.005%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PAXG | 4,317.9 | 0.0063 | pay 0.0008% / 1h | 14m 34s | $21.2M | $2.7M | 10x |
| Short | Aster PAXGUSDT | 4,320.1 | 0.0023 | get 0.0011% / 4h | 3h 14m | $904K | $37K | 50x |
Hyperliquid PAXG
Aster PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Hyperliquid. 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
- −$8.39
- Price spread: +0.050% → +0.005%
- $4.58
- Slippage, 4 orders
- −$3.43
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$24.25
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Aster: live order book, 18 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 Hyperliquid live order book, 8 min ago | 0.12 bp | 7.1 bp −$7 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Aster live order book, 18 min ago | 0.10 bp | 4.6 bp −$5 | 11.5 bp −$115 | 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 | −0.0255% | 1h | 4,318 | +0.003% | $114K | $14K | 5x | as long as short |
| Lighter PAXG | −0.0176% | 1h | 4,318.3 | +0.009% | $1.4M | $630K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0142% | 4h | 4,310.3 | −0.177% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0136% | 1h | 4,320.2 | +0.053% | $47K | $190K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,320.2 | +0.054% | $1.2M | $2.0M | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,322.1 | +0.097% | $15.7M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,314.8 | −0.072% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,323.2 | +0.122% | $7.9M | $438K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,323.6 | +0.131% | $907K | $835K | 75x | as long as short |
| Binance PAXGUSDT | +0.0006% | 4h | 4,319.7 | +0.041% | $80.4M | $81.3M | 75x | as long as short |
dYdX PAXG-USD
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Binance PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0006% | 4h | 4,324.7 | +0.158% | $16.8M | $1.2M | 100x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,319.1 | +0.027% | $374K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDT | +0.0010% | 4h | 4,317.3 | −0.014% | $9.3M | $16.1M | 50x | as long as short |
| ApeX Omni PAXGUSDT | +0.0010% | 1h | 4,315.5 | −0.055% | $261K | $785K | 50x | as long as short |
| Aster PAXGUSDTshort | +0.0023% | 4h | 4,320.1 | +0.050% | $904K | $37K | 50x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.681% | $1K | $151K | 30x | as long as short |
| Hyperliquid PAXGlong | +0.0063% | 1h | 4,317.9 | long leg | $21.2M | $2.7M | 10x | |
| Paradex PAXG-USD-PERP | +0.0083% | 8h | 4,318.8 | +0.021% | $81K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,321.8 | +0.090% | $1.0M | $305K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,320 | +0.049% | $15.0M | $4.5M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,322.3 | +0.101% | $28.8M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,320.7 | +0.064% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,318.9 | +0.023% | $1.2M | $850K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,320 | +0.049% | $12.3M | $231K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,318.2 | +0.007% | $554 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,319 | +0.025% | $1.5M | $79K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.5 | −0.009% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,325.7 | +0.180% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0872% | 1h | 4,330.6 | +0.294% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Extended PAXG-USD
Bitget PAXGUSDT
ApeX Omni PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD