Funding you earn now, next payment 09:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.024%
Price spread now: SunX against ApeX Omni−0.047%47s7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as 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−$800.801% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.047%, 7d avg −0.083%
=The price spread pays, funding is against you. SunX is 0.036% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.083%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.174% in total) that is about 35 hours. The two prices were read 47 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 | 4,330.4 | 0.0030 | pay 0.0004% / 1h | 1m 31s | $262K | $806K | 50x |
| Short | SunX PAXG-USDT | 4,328.4 | 0 | get 0.0000% / 4h | 3h 01m | $2K | $3.1M | 20x |
ApeX Omni PAXGUSDT
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$6.4
- Price spread: −0.047% → −0.083%
- $3.59
- Slippage, 4 orders
- −$62.14
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$82.94
- Costs to cover
- 0.801%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 32 min ago; SunX: live order book, 6 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, 32 min ago | 2.51 bp | 7.8 bp −$8 | 79.7 bp −$797 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 min ago | 21.54 bp | 25.5 bp −$26 | 55.2 bp −$552 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | −0.0248% | 1h | 4,332.2 | +0.042% | $115K | $15K | 5x | as long as short |
| Lighter PAXG | −0.0136% | 1h | 4,329.4 | −0.023% | $1.4M | $636K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0096% | 1h | 4,333.4 | +0.070% | $1.2M | $2.1M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0078% | 4h | 4,331.9 | +0.035% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0024% | 1h | 4,333.5 | +0.072% | $43K | $189K | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,332.4 | +0.046% | $15.7M | $4.1M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,328.4 | −0.047% | $2K | $3.1M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,336.4 | +0.138% | $7.9M | $428K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,335.9 | +0.126% | $910K | $819K | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,329.7 | −0.015% | $375K | $1.5M | 25x | as long as short |
dYdX PAXG-USD
Lighter PAXG
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Gate 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 | +0.0018% | 4h | 4,335.1 | +0.109% | $16.7M | $1.2M | 100x | as long as short |
| Bitget PAXGUSDT | +0.0020% | 4h | 4,328 | −0.056% | $9.2M | $16.3M | 50x | as long as short |
| Binance PAXGUSDT | +0.0021% | 4h | 4,330.3 | −0.001% | $80.3M | $82.0M | 75x | as long as short |
| ApeX Omni PAXGUSDTlong | +0.0030% | 1h | 4,330.4 | long leg | $262K | $806K | 50x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.390% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0037% | 4h | 4,332.1 | +0.039% | $907K | $38K | 50x | as long as short |
| Hyperliquid PAXG | +0.0076% | 1h | 4,328.2 | −0.051% | $21.3M | $2.6M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0086% | 8h | 4,329.9 | −0.012% | $80K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,332.3 | +0.044% | $1.0M | $308K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,330.3 | −0.002% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,333.2 | +0.064% | $28.9M | $5.5M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,331.9 | +0.034% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,332.1 | +0.039% | $1.2M | $857K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,331.7 | +0.031% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,332.2 | +0.042% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,326 | −0.102% | $1.5M | $80K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,330.9 | +0.012% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,334 | +0.083% | $935K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1288% | 1h | 4,387.3 | +1.314% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Bitget PAXGUSDT
Binance PAXGUSDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
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