Funding you earn now, next payment 09:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.006%
Price spread now: Phemex against ApeX Omni+0.029%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$720.723% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.029%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.058% dearer against ApeX Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PAXGUSDT | 4,302.8 | 0.0080 | pay 0.0010% / 1h | 38m 53s | $261K | $772K | 50x |
| Short | Phemex PAXGUSDT | 4,304 | 0.0100 | get 0.0050% / 4h | 3h 38m | $1.5M | $67K | 50x |
ApeX Omni PAXGUSDT
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $4.27
- Price spread: +0.029% → −0.029%
- $5.78
- Slippage, 4 orders
- −$50.27
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$62.22
- Costs to cover
- 0.723%
- Break-even
- 109.1 days
Slippage from ApeX Omni: live order book, 60 min ago; Phemex: live order book, 4 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, 60 min ago | 2.72 bp | 8.1 bp −$8 | 105.5 bp −$1,055 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 1.16 bp | 32.1 bp −$32 | doesn't fit | 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 | 4,302.4 | −0.008% | $1.4M | $612K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0182% | 4h | 4,302.2 | −0.014% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,303.9 | +0.027% | $42K | $172K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,305.3 | +0.058% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,306.2 | +0.081% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,306.2 | +0.080% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,300.2 | −0.061% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,308.4 | +0.130% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,308.8 | +0.140% | $904K | $818K | 75x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,302.8 | 0.000% | $374K | $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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0012% | 4h | 4,303.7 | +0.023% | $80.1M | $79.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0012% | 4h | 4,311.6 | +0.205% | $16.8M | $1.2M | 100x | as long as short |
| Aster PAXGUSDT | +0.0023% | 4h | 4,303.8 | +0.025% | $899K | $33K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0026% | 4h | 4,303.7 | +0.021% | $9.4M | $15.6M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.035% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDTlong | +0.0080% | 1h | 4,302.8 | long leg | $261K | $772K | 50x | |
| Paradex PAXG-USD-PERP | +0.0096% | 8h | 4,303.9 | +0.026% | $81K | $4.3M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,303.4 | +0.015% | $21.0M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,306.4 | +0.084% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,304 | +0.029% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,306 | +0.075% | $28.7M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,304.7 | +0.044% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,304.4 | +0.037% | $1.2M | $855K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,302.7 | −0.001% | $12.2M | $230K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,303.7 | +0.022% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,304 | +0.029% | $1.5M | $67K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,303.7 | +0.021% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309 | +0.145% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,315.2 | +0.289% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
MEXC PAXG_USDT
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
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
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD