Funding you earn now, next payment 05:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.040%
Price spread now: Hibachi against KuCoin−0.065%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$490.493% of the position
Funding, last 7 days+0.487%+$49 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.065%, 7d avg −0.043%
=Together, before fees+0.487%+ Points / potential airdropHibachi: Active · farm board+$49 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Hibachi is 0.022% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.043%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.487%, 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 | KuCoin PAXGUSDTM | 4,337 | 0.0100 | pay 0.0050% / 4h | 3h 38m | $28.6M | $5.3M | 30x |
| Short | Hibachi PAXG/USDT-P | 4,334.2 | −0.0168 | pay 0.0021% / 1h | 38m 51s | $42K | $154K | 20x |
KuCoin PAXGUSDTM
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against KuCoin. 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
- −$56.28
- Price spread: −0.065% → −0.043%
- −$2.19
- Slippage, 4 orders
- −$28.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$107.72
- Costs to cover
- 0.493%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Hibachi: live order book, 15 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 KuCoin live order book, 5 min ago | 0.47 bp | 8.3 bp −$8 | 25.6 bp −$256 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0168% | 1h | 4,332.6 | −0.102% | $1.4M | $362K | 25x | as long as short |
| Hibachi PAXG/USDT-Pshort | −0.0168% | 1h | 4,334.2 | −0.065% | $42K | $154K | 20x | |
| GRVT PAXG_USDT_Perp | −0.0136% | 4h | 4,334.3 | −0.061% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0090% | 1h | 4,335.3 | −0.038% | $262K | $787K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | −0.051% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.1 | −0.021% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,329 | −0.185% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,337.3 | +0.008% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,339.8 | +0.064% | $903K | $686K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.238% | $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
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0054% | 4h | 4,337.4 | +0.009% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0055% | 4h | 4,334 | −0.070% | $80.0M | $71.1M | 75x | as long as short |
| Extended PAXG-USD | +0.0056% | 1h | 4,332.7 | −0.098% | $378K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,334.7 | −0.053% | $1.3M | $1.4M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,334 | −0.068% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | −0.055% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.1 | −0.067% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,334.3 | −0.062% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,335.9 | −0.025% | $1.0M | $342K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,335 | −0.046% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTMlong | +0.0100% | 4h | 4,337 | long leg | $28.6M | $5.3M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,334.4 | −0.061% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,334.9 | −0.049% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,334.9 | −0.048% | $1.3M | $800K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,333.9 | −0.071% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,333 | −0.092% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333.9 | −0.071% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,338.9 | +0.045% | $987K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1016% | 1h | 4,344.8 | +0.180% | $29K | $23K | 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
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD