Funding you earn now, next payment 11:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h −0.034%
Price spread now: Hibachi against MEXC−0.089%7-day average −0.120% · 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−$39as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Funding, last 7 days+0.536%+$54 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.089%, 7d avg −0.120%
=Together, before fees+0.515%+ Points / potential airdropHibachi: Active · farm board+$52 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hibachi is 0.031% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.120%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,334.7 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $16.6M | $1.2M | 100x |
| Short | Hibachi PAXG/USDT-P | 4,330.8 | 0.0328 | get 0.0041% / 1h | 43m 53s | $43K | $181K | 20x |
MEXC PAXG_USDT
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against MEXC. 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
- $47.88
- Price spread: −0.089% → −0.120%
- $3.07
- Slippage, 4 orders
- −$29.57
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $8.38
- Costs to cover
- 0.426%
- Break-even
- 5.8 days
Slippage from MEXC: live order book, 3 min ago; Hibachi: 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 MEXC live order book, 3 min ago | 1.73 bp | 4.3 bp −$4 | 16.9 bp −$169 | 53.8 bp −$5,376 | 101.4 bp −$50.7K |
| Sell Hibachi live order book, 3 min ago | 1.52 bp | 16.5 bp −$16 | 48.9 bp −$489 | doesn't fit | doesn't fit |
PAXG on 29 exchanges
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 | −0.0724% | 1h | 4,332.7 | −0.045% | $117K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,332.7 | −0.046% | $15.7M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,326.2 | −0.195% | $2K | $2.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,335.3 | +0.013% | $7.9M | $180K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,335.7 | +0.023% | $913K | $824K | 75x | as long as short |
| Lighter PAXG | +0.0024% | 1h | 4,329.4 | −0.123% | $1.4M | $499K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.291% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,328.8 | −0.137% | $80K | $4.2M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,330.9 | −0.087% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,332.1 | −0.060% | $907K | $41K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,331.9 | −0.063% | $1.0M | $306K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,331 | −0.084% | $80.2M | $81.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,331.1 | −0.083% | $14.9M | $4.7M | 75x | as long as short |
| MEXC PAXG_USDTlong | +0.0100% | 4h | 4,334.7 | long leg | $16.6M | $1.2M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,333.3 | −0.033% | $28.8M | $5.9M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,331.1 | −0.082% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,331.5 | −0.073% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,331.1 | −0.083% | $1.2M | $872K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,329.6 | −0.116% | $12.2M | $278K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,332.8 | −0.043% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,330.7 | −0.092% | $262K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,329.7 | −0.115% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,326 | −0.200% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,329.5 | −0.119% | $373K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0187% | 1h | 4,331.9 | −0.064% | $1.2M | $2.1M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,329.3 | −0.125% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0264% | 1h | 4,337.6 | +0.067% | $928K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-Pshort | +0.0328% | 1h | 4,330.8 | −0.089% | $43K | $181K | 20x | |
| 01 Exchange PAXGUSD | +0.0968% | 1h | 4,340.9 | +0.143% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
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
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD