Funding you earn now, next payment 06:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.09 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against ApeX Omni−0.030%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.030%, 7d avg +0.009%
=Together, before fees+0.043%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.039% 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 +0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PAXGUSDT | 4,339.6 | −0.0033 | get 0.0004% / 1h | 52m 51s | $262K | $785K | 50x |
| Short | Lighter PAXG | 4,338.3 | −0.0104 | pay 0.0013% / 1h | 52m 51s | $1.4M | $365K | 25x |
ApeX Omni PAXGUSDT
Lighter PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$14.95
- Price spread: −0.030% → +0.009%
- −$3.87
- Slippage, 4 orders
- −$7.97
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$36.79
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 61 min ago; Lighter: live order book, 3 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, 61 min ago | 2.53 bp | 7.8 bp −$8 | 78.0 bp −$780 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.96 bp | 1.2 bp −$1 | 6.5 bp −$65 | 26.3 bp −$2,633 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0208% | 1h | 4,341 | +0.032% | $46K | $158K | 20x | as long as short |
| Lighter PAXGshort | −0.0104% | 1h | 4,338.3 | −0.030% | $1.4M | $365K | 25x | |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,340.6 | +0.021% | $1.3M | $1.5M | 20x | as long as short |
| ApeX Omni PAXGUSDTlong | −0.0033% | 1h | 4,339.6 | long leg | $262K | $785K | 50x | |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | +0.051% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,342 | +0.054% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,336.4 | −0.074% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,343.9 | +0.097% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342.8 | +0.073% | $905K | $691K | 75x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0004% | 4h | 4,340.2 | +0.012% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0032% | 1h | 4,338.8 | −0.019% | $379K | $1.4M | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.177% | $1K | $151K | 30x | as long as short |
| MEXC PAXG_USDT | +0.0034% | 4h | 4,341.6 | +0.046% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0035% | 4h | 4,340 | +0.009% | $80.1M | $70.5M | 75x | as long as short |
| Aster PAXGUSDT | +0.0073% | 4h | 4,339.4 | −0.005% | $905K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0083% | 1h | 4,340.2 | +0.013% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,339.4 | −0.007% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,338.5 | −0.026% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,341.2 | +0.035% | $1.0M | $343K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,341 | +0.031% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,342.8 | +0.072% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,340 | +0.008% | $9.7M | $15.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,340.4 | +0.017% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,340.8 | +0.026% | $1.3M | $793K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,340.8 | +0.027% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,336 | −0.084% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,339.8 | +0.003% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,342.3 | +0.062% | $955K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0776% | 1h | 4,350 | +0.239% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
Injective PAXG/USDC PERP
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD