PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.003%

Price spread now: Kraken Futures against ApeX Omni−0.001%75s7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs+$6as 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−$310.315% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.370%+$37 on $10k

Price spread, last 3 days (all we have)+0.110%+$11 · spread now −0.001%, 7d avg +0.047%

Together, before fees+0.480%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.048% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.047%). If the spread goes back, that is −$5 on $10k: about 35 hours of funding at the current rate (+$3 a day). The two prices were read 75 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	4,367.7	0.0100	pay 0.0013% / 1h	53m 42s	$264K	$793K	50x
Short	Kraken Futures PF_PAXGUSD	4,367.6	0.0208	get 0.0026% / 1h	53m 42s	$1.3M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.001%Rate

Funding earned: $22.58
Price spread: −0.001% → +0.047%: −$4.77
Slippage, 4 orders: −$11.47
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$13.67
Costs to cover: 0.315%
Break-even: 11.2 days

Slippage from ApeX Omni: live order book, 20 min ago; Kraken Futures: 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, 20 min ago	2.77 bp	8.0 bp −$8	70.4 bp −$704	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.34 bp	7.0 bp −$7	12.2 bp −$122	40.0 bp −$3,996	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	0.0000%	1h	4,367.1	−0.014%	$102K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,369.2	+0.035%	$15.8M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,362.1	−0.129%	$2K	$3.9M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,370.3	+0.061%	$8.0M	$871K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,369.2	+0.035%	$912K	$657K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	−0.467%	$1K	$151K	30x	as long as short
Lighter PAXG	+0.0096%	1h	4,366.7	−0.024%	$1.4M	$265K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,367.2	−0.012%	$81K	$3.7M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,367.2	−0.011%	$20.5M	$1.9M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,367.8	+0.004%	$911K	$30K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PAXG	+0.0100%	1h	4,368.5	+0.019%	$1.0M	$365K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,367.6	−0.002%	$80.3M	$70.8M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,368.9	+0.027%	$15.2M	$3.7M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,365.4	−0.053%	$16.2M	$1.1M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,369.3	+0.036%	$28.5M	$5.6M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,368.4	+0.016%	$9.7M	$15.4M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,368.1	+0.010%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,367.7	−0.001%	$1.4M	$973K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,369.4	+0.038%	$12.5M	$104K	—	as long as short
GRVT PAXG_USDT_Perp	+0.0100%	4h	4,369.6	+0.043%	$1.6M	$2.0M	10x	as long as short
ApeX Omni PAXGUSDTlong	+0.0100%	1h	4,367.7	long leg	$264K	$793K	50x
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,366.7	−0.023%	$560	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,362	−0.130%	$1.5M	$39K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,365.7	−0.047%	$379K	$1.2M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0136%	1h	4,367.4	−0.007%	$42K	$155K	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,367	−0.015%	$21K	—	100x	as long as short
Kraken Futures PF_PAXGUSDshort	+0.0208%	1h	4,367.6	−0.001%	$1.3M	$1.5M	20x
Coinbase International PAXG-PERP-INTX	+0.0304%	1h	4,371.6	+0.089%	$977K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1048%	1h	4,377.3	+0.220%	$29K	$23K	10x	as long as short