Funding you earn now, next payment 20:00 UTC−0.1208%/8hnext payment −$1.51 per $10,000 · paid last 24h −0.229%
Price spread now: Hibachi against 01 Exchange−0.401%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Hibachi is 0.401% cheaper against 01 Exchange than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange PAXGUSD | 4,367.3 | 0.1168 | pay 0.0146% / 1h | 23m 05s | $29K | $22K | 10x |
| Short | Hibachi PAXG/USDT-P | 4,349.8 | −0.0040 | pay 0.0005% / 1h | 23m 05s | $41K | $154K | 20x |
01 Exchange PAXGUSD
Hibachi PAXG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against 01 Exchange. 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
- −$253.68
- Price spread: −0.401% → 0.000%
- −$40.08
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$309.76
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Hibachi: live order book, 10 min ago. Net counts fees only.
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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Hibachi live order book, 10 min ago | 0.79 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-Pshort | −0.0040% | 1h | 4,349.8 | −0.401% | $41K | $154K | 20x | |
| Kraken Futures PF_PAXGUSD | −0.0009% | 1h | 4,351.2 | −0.370% | $1.4M | $1.3M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,347.2 | −0.461% | $101K | $18K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,351.7 | −0.357% | $15.8M | $4.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,345.1 | −0.509% | $2K | $4.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,354.2 | −0.300% | $7.9M | $833K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,351.6 | −0.359% | $910K | $664K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,340 | −0.625% | $1K | $103K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0056% | 4h | 4,349.3 | −0.412% | $1.5M | $2.1M | 10x | as long as short |
| Lighter PAXG | +0.0072% | 1h | 4,348.1 | −0.440% | $1.4M | $522K | 25x | as long as short |
Kraken Futures PF_PAXGUSD
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 PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,349.5 | −0.408% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,349 | −0.419% | $20.4M | $1.8M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,349.8 | −0.401% | $906K | $72K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,350.6 | −0.383% | $1.0M | $363K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,349.1 | −0.417% | $80.1M | $68.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,349.6 | −0.405% | $14.9M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,350.5 | −0.385% | $15.9M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,351.3 | −0.366% | $26.9M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,348.4 | −0.432% | $9.2M | $13.6M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,349.9 | −0.397% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,350.5 | −0.386% | $1.4M | $1.3M | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,348.7 | −0.425% | $12.5M | $88K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,348.7 | −0.427% | $263K | $790K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,349 | −0.419% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,345 | −0.511% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,349.1 | −0.416% | $376K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,349.5 | −0.408% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0328% | 1h | 4,353.8 | −0.310% | $1.0M | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSDlong | +0.1168% | 1h | 4,367.3 | long leg | $29K | $22K | 10x |
Paradex PAXG-USD-PERP
Hyperliquid PAXG
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