Funding you earn now, next payment 10:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Paradex+0.099%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 4 days (all we have)+0.001%$0 on $10k
+Price spread, last 7 days−0.082%−$8 · spread now +0.099%, 7d avg +0.034%
=Together, before fees−0.081%+ Points / potential airdropParadex: Active · Hyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.065% dearer against Paradex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PAXG-USD-PERP | 4,328.4 | 0.0098 | pay 0.0098% / 8h | 6h 01m | $80K | $4.3M | 50x |
| Short | Hyperliquid PAXG | 4,332.7 | 0.0100 | get 0.0013% / 1h | 1m 12s | $21.3M | $2.5M | 10x |
Paradex PAXG-USD-PERP
Hyperliquid PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Paradex. 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
- $0.47
- Price spread: +0.099% → +0.034%
- $6.46
- Slippage, 4 orders
- −$7.13
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$13.2
- Costs to cover
- 0.201%
- Break-even
- 203.2 days
Slippage from Paradex: live order book, 1 min ago; Hyperliquid: live order book, 5 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 Paradex live order book, 1 min ago | 2.27 bp | 4.3 bp −$4 | 101.5 bp −$1,015 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.46 bp | 6.3 bp −$6 | 8.1 bp −$81 | 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 | −0.0137% | 1h | 4,329.1 | +0.016% | $116K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,334.6 | +0.143% | $15.7M | $4.2M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,329.5 | +0.025% | $2K | $2.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,336.4 | +0.184% | $7.9M | $180K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,334.7 | +0.144% | $914K | $819K | 75x | as long as short |
| Lighter PAXG | +0.0032% | 1h | 4,331.1 | +0.061% | $1.4M | $505K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.436% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0078% | 4h | 4,331.4 | +0.068% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0084% | 1h | 4,333.1 | +0.108% | $1.2M | $2.1M | 20x | as long as short |
| Paradex PAXG-USD-PERPlong | +0.0098% | 8h | 4,328.4 | long leg | $80K | $4.3M | 50x |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSDShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXGshort | +0.0100% | 1h | 4,332.7 | +0.099% | $21.3M | $2.5M | 10x | |
| Aster PAXGUSDT | +0.0100% | 4h | 4,332.9 | +0.103% | $907K | $41K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,331.7 | +0.076% | $1.0M | $303K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,332.8 | +0.101% | $80.5M | $81.1M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,333.1 | +0.107% | $14.9M | $4.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,336.6 | +0.188% | $16.6M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,335.3 | +0.159% | $28.9M | $5.9M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,333.1 | +0.108% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,333.3 | +0.111% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,333.5 | +0.117% | $1.2M | $872K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,330 | +0.037% | $12.2M | $298K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,329.3 | +0.021% | $262K | $800K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,330.9 | +0.057% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,328 | −0.010% | $1.5M | $81K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,331.3 | +0.066% | $374K | $1.5M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,327.8 | −0.014% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,332.6 | +0.096% | $934K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-P | +0.0288% | 1h | 4,329.3 | +0.019% | $43K | $181K | 20x | as long as short |
| 01 Exchange PAXGUSD | +0.1040% | 1h | 4,340.9 | +0.288% | $29K | $24K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
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
Coinbase International PAXG-PERP-INTX
Hibachi PAXG/USDT-P
01 Exchange PAXGUSD