Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.038%
Price spread now: dYdX against Hyperliquid+0.031%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$410.413% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.031%, 7d avg −0.002%
=Together, before fees−0.257%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.033% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.002%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PAXG | 4,320.3 | 0.0100 | pay 0.0013% / 1h | 55m 56s | $20.7M | $2.4M | 10x |
| Short | dYdX PAXG-USD | 4,321.6 | 0 | get 0.0000% / 1h | 55m 56s | $101K | $12K | 5x |
Hyperliquid PAXG
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: +0.031% → −0.002%
- $3.32
- Slippage, 4 orders
- −$22.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$58.93
- Costs to cover
- 0.413%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; dYdX: live order book, 53 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, 7 min ago | 0.12 bp | 5.0 bp −$5 | 6.4 bp −$64 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 53 min ago | 10.36 bp | 15.4 bp −$15 | 95.6 bp −$956 | 165.8 bp −$16.6K | 867.4 bp −$433.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0208% | 1h | 4,318.8 | −0.034% | $1.4M | $392K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,318.4 | −0.044% | $44K | $167K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0076% | 4h | 4,324.1 | +0.088% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,320.6 | +0.007% | $1.2M | $1.9M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0001% | 1h | 4,323.5 | +0.074% | $261K | $782K | 50x | as long as short |
| dYdX PAXG-USDshort | 0.0000% | 1h | 4,321.6 | +0.031% | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,321.9 | +0.037% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,318.1 | −0.051% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,325.8 | +0.128% | $7.9M | $835K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,327.7 | +0.170% | $903K | $751K | 75x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0005% | 4h | 4,320 | −0.007% | $79.7M | $74.3M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0006% | 4h | 4,324.6 | +0.100% | $16.5M | $1.0M | 100x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,319 | −0.029% | $376K | $1.4M | 25x | as long as short |
| Aster PAXGUSDT | +0.0028% | 4h | 4,320 | −0.007% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.625% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,321.5 | +0.029% | $85K | $3.2M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,320.6 | +0.007% | $554 | — | 10x | as long as short |
| Hyperliquid PAXGlong | +0.0100% | 1h | 4,320.3 | long leg | $20.7M | $2.4M | 10x | |
| Pacifica PAXG | +0.0100% | 1h | 4,322.5 | +0.050% | $1.0M | $320K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,321.1 | +0.018% | $14.9M | $4.1M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,322.6 | +0.053% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,319.7 | −0.015% | $9.3M | $16.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,320.5 | +0.005% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,320.8 | +0.011% | $1.3M | $811K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,323.7 | +0.078% | $12.3M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,317 | −0.076% | $1.5M | $46K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,321.3 | +0.022% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,333.5 | +0.304% | $978K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0784% | 1h | 4,331.6 | +0.262% | $29K | $24K | 10x | as long as short |
Binance PAXGUSDT
MEXC PAXG_USDT
Extended PAXG-USD
Aster PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
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