Funding you earn now, next payment 01:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h −0.039%
Price spread now: Hibachi against Pacifica−0.025%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs+$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days+0.492%+$49 on $10k
+Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.025%, 7d avg −0.020%
=Together, before fees+0.497%+ Points / potential airdropPacifica: Active · Hibachi: Active · farm board+$50 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PAXG | 4,355.5 | 0.0100 | pay 0.0013% / 1h | 1m 59s | $1.0M | $368K | 10x |
| Short | Hibachi PAXG/USDT-P | 4,354.4 | 0.0112 | get 0.0014% / 1h | 1m 59s | $42K | $154K | 20x |
Pacifica PAXG
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Pacifica. 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
- $2.52
- Price spread: −0.025% → −0.020%
- −$0.56
- Slippage, 4 orders
- −$23.87
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$38.91
- Costs to cover
- 0.409%
- Break-even
- 115.1 days
Slippage from Pacifica: live order book, 2 min ago; Hibachi: live order book, 7 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 Pacifica live order book, 2 min ago | 0.12 bp | 4.5 bp −$4 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 7 min ago | 0.08 bp | 16.2 bp −$16 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,354.3 | −0.029% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,357.6 | +0.047% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,352 | −0.083% | $2K | $3.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,359.2 | +0.083% | $7.9M | $873K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,357.3 | +0.041% | $906K | $643K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.189% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0086% | 4h | 4,354.7 | −0.019% | $1.6M | $2.0M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,354.8 | −0.018% | $1.4M | $270K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,354.2 | −0.032% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,355.6 | +0.001% | $20.7M | $2.1M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,355.5 | −0.001% | $909K | $29K | 50x | as long as short |
| Pacifica PAXGlong | +0.0100% | 1h | 4,355.5 | long leg | $1.0M | $368K | 10x | |
| Binance PAXGUSDT | +0.0100% | 4h | 4,355.6 | 0.000% | $80.4M | $70.8M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,356.9 | +0.032% | $15.1M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,355.6 | +0.001% | $16.2M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,358.1 | +0.058% | $28.4M | $5.5M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,356.2 | +0.014% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,355.8 | +0.005% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,356.3 | +0.017% | $1.4M | $831K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,355.1 | −0.009% | $12.5M | $104K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,352.9 | −0.062% | $263K | $787K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,354 | −0.036% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,353 | −0.059% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,354.6 | −0.022% | $379K | $1.4M | 25x | as long as short |
| Hibachi PAXG/USDT-Pshort | +0.0112% | 1h | 4,354.4 | −0.025% | $42K | $154K | 20x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,355.1 | −0.010% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0208% | 1h | 4,356.6 | +0.025% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,357.1 | +0.035% | $973K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0976% | 1h | 4,365.5 | +0.228% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD