Funding you earn now, next payment 08:00 UTC−0.0134%/8h= −14.6% APRpaid last 24h −0.006%
Price spread now: GRVT against ApeX Omni−0.010%7-day average +0.032% · 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−$34as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.010%, 7d avg +0.032%
=Together, before fees+0.048%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GRVT is 0.042% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PAXGUSDT | 4,311.2 | 0.0028 | pay 0.0003% / 1h | 23m 13s | $261K | $773K | 50x |
| Short | GRVT PAXG_USDT_Perp | 4,310.8 | −0.0106 | pay 0.0053% / 4h | 23m 13s | $1.5M | $2.0M | 10x |
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$28.07
- Price spread: −0.010% → +0.032%
- −$4.16
- Slippage, 4 orders
- −$10.99
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$62.22
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 16 min ago; GRVT: 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 ApeX Omni live order book, 16 min ago | 2.72 bp | 8.1 bp −$8 | 105.5 bp −$1,055 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 0.57 bp | 5.1 bp −$5 | 5.5 bp −$55 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0200% | 1h | 4,310.8 | −0.009% | $1.4M | $493K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0144% | 1h | 4,311.8 | +0.013% | $42K | $170K | 20x | as long as short |
| GRVT PAXG_USDT_Perpshort | −0.0106% | 4h | 4,310.8 | −0.010% | $1.5M | $2.0M | 10x | |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,314 | +0.064% | $1.2M | $1.8M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,313.4 | +0.050% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,314.2 | +0.069% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,309.9 | −0.031% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,317.2 | +0.139% | $7.9M | $659K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,315.6 | +0.103% | $904K | $790K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0014% | 4h | 4,318.1 | +0.159% | $16.6M | $1.1M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0016% | 1h | 4,311.7 | +0.012% | $376K | $1.5M | 25x | as long as short |
| Binance PAXGUSDT | +0.0017% | 4h | 4,313 | +0.041% | $79.4M | $75.6M | 75x | as long as short |
| Aster PAXGUSDT | +0.0023% | 4h | 4,312.7 | +0.034% | $900K | $30K | 50x | as long as short |
| ApeX Omni PAXGUSDTlong | +0.0028% | 1h | 4,311.2 | long leg | $261K | $773K | 50x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.837% | $1K | $151K | 30x | as long as short |
| Bitget PAXGUSDT | +0.0064% | 4h | 4,312.4 | +0.028% | $9.5M | $15.9M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,311.3 | +0.002% | $85K | $3.6M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,312.8 | +0.037% | $20.7M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,314.2 | +0.068% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,313.4 | +0.050% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,314.7 | +0.082% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,313.2 | +0.045% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,313.5 | +0.054% | $1.3M | $840K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,309.6 | −0.038% | $12.2M | $218K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,311.6 | +0.009% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,312 | +0.018% | $1.5M | $53K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,312.2 | +0.022% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,316.2 | +0.115% | $953K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0952% | 1h | 4,323.7 | +0.290% | $29K | $23K | 10x | as long as short |
Extended PAXG-USD
Binance PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
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