Funding you earn now, next payment 09:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.002%
Price spread now: Binance against ApeX Omni−0.054%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.054%, 7d avg +0.006%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.060% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PAXGUSDT | 4,318.9 | 0.0015 | pay 0.0002% / 1h | 13m 23s | $261K | $786K | 50x |
| Short | Binance PAXGUSDT | 4,316.5 | 0.0006 | get 0.0003% / 4h | 3h 13m | $80.3M | $81.2M | 75x |
ApeX Omni PAXGUSDT
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against ApeX Omni. 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
- −$1.95
- Price spread: −0.054% → +0.006%
- −$6.05
- Slippage, 4 orders
- −$5.61
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$33.6
- Costs to cover
- 0.256%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 20 min ago; Binance: live order book, 14 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 ApeX Omni live order book, 20 min ago | 2.51 bp | 7.8 bp −$8 | 79.7 bp −$797 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.01 bp | 5.0 bp −$5 | 5.4 bp −$54 | 9.8 bp −$978 | 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 | −0.0262% | 1h | 4,318 | −0.019% | $114K | $14K | 5x | as long as short |
| Lighter PAXG | −0.0176% | 1h | 4,315.4 | −0.082% | $1.4M | $631K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0134% | 4h | 4,318.4 | −0.011% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0128% | 1h | 4,320.1 | +0.028% | $47K | $190K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,319.8 | +0.021% | $1.2M | $2.0M | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,320.2 | +0.031% | $15.7M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,315.4 | −0.080% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,323 | +0.096% | $7.9M | $438K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,322.4 | +0.080% | $907K | $836K | 75x | as long as short |
| Binance PAXGUSDTshort | +0.0006% | 4h | 4,316.5 | −0.054% | $80.3M | $81.2M | 75x |
dYdX PAXG-USD
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0006% | 4h | 4,324.8 | +0.136% | $16.8M | $1.2M | 100x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,316.4 | −0.058% | $375K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDT | +0.0010% | 4h | 4,317.2 | −0.040% | $9.3M | $16.1M | 50x | as long as short |
| ApeX Omni PAXGUSDTlong | +0.0015% | 1h | 4,318.9 | long leg | $261K | $786K | 50x | |
| Aster PAXGUSDT | +0.0023% | 4h | 4,318 | −0.021% | $904K | $37K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.658% | $1K | $151K | 30x | as long as short |
| Hyperliquid PAXG | +0.0062% | 1h | 4,317 | −0.044% | $21.2M | $2.7M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0083% | 8h | 4,316.1 | −0.064% | $81K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.1 | +0.005% | $1.0M | $305K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,317.7 | −0.027% | $15.0M | $4.5M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,319.3 | +0.011% | $28.8M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,318.8 | −0.001% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,318.8 | −0.002% | $1.2M | $850K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,320 | +0.026% | $12.3M | $231K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,317.4 | −0.034% | $554 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,319 | +0.003% | $1.5M | $79K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,316.9 | −0.046% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,325.7 | +0.157% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0872% | 1h | 4,328.2 | +0.216% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Extended PAXG-USD
Bitget PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD