Funding you earn now, next payment 08:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.006%
Price spread now: Bybit against ApeX Omni+0.105%69s7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$300.301% of the position
Funding, last 7 days+0.035%+$3 on $10k
+Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.105%, 7d avg +0.037%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.068% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.037%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PAXGUSDT | 4,317.7 | 0.0062 | pay 0.0008% / 1h | 42m 18s | $261K | $775K | 50x |
| Short | Bybit PAXGUSDT | 4,322.2 | 0.0100 | get 0.0050% / 4h | 42m 18s | $14.9M | $4.0M | 75x |
ApeX Omni PAXGUSDT
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $7.98
- Price spread: +0.105% → +0.037%
- $6.84
- Slippage, 4 orders
- −$9.12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$15.3
- Costs to cover
- 0.301%
- Break-even
- 20.4 days
Slippage from ApeX Omni: live order book, 62 min ago; Bybit: live order book, 1 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, 62 min ago | 2.52 bp | 7.8 bp −$8 | 88.3 bp −$883 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.12 bp | 6.9 bp −$7 | 10.3 bp −$103 | 26.6 bp −$2,664 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0176% | 1h | 4,319.5 | +0.042% | $1.4M | $482K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0102% | 4h | 4,319.3 | +0.036% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0088% | 1h | 4,320.9 | +0.074% | $41K | $168K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,322.1 | +0.101% | $1.2M | $1.9M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,321.4 | +0.087% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,323.1 | +0.125% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,318.5 | +0.019% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,325.5 | +0.182% | $7.9M | $659K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,324.3 | +0.152% | $903K | $783K | 75x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,320.4 | +0.063% | $376K | $1.6M | 25x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0008% | 4h | 4,326.4 | +0.202% | $16.7M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0008% | 4h | 4,321.6 | +0.090% | $79.7M | $74.1M | 75x | as long as short |
| Aster PAXGUSDT | +0.0020% | 4h | 4,321.4 | +0.086% | $902K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.686% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDTlong | +0.0062% | 1h | 4,317.7 | long leg | $261K | $775K | 50x | |
| Bitget PAXGUSDT | +0.0080% | 4h | 4,321.4 | +0.086% | $9.4M | $15.9M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,320.9 | +0.074% | $87K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,321.4 | +0.086% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,322 | +0.100% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,322.7 | +0.117% | $1.0M | $305K | 10x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,322.2 | +0.105% | $14.9M | $4.0M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,323.8 | +0.140% | $28.7M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,321.8 | +0.094% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,321.7 | +0.093% | $1.3M | $818K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,320 | +0.053% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,320 | +0.053% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,320.9 | +0.075% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,322.2 | +0.104% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0888% | 1h | 4,332.1 | +0.334% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD