Funding you earn now, next payment 09:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h −0.002%
Price spread now: ApeX Omni against Binance−0.096%49s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as 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−$260.261% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.096%, 7d avg −0.007%
=Funding pays, the price is against you. ApeX Omni is 0.089% cheaper against Binance than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.007%). If the spread goes back, that is −$9 on $10k: about 3.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.026% in total) that is about 24 days. The two prices were read 49 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 | Binance PAXGUSDT | 4,306.5 | 0.0018 | pay 0.0009% / 4h | 3h 52m | $80.2M | $79.5M | 75x |
| Short | ApeX Omni PAXGUSDT | 4,302.3 | 0.0100 | get 0.0013% / 1h | 52m 35s | $261K | $769K | 50x |
Binance PAXGUSDT
ApeX Omni PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Binance. 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
- $17.29
- Price spread: −0.096% → −0.007%
- −$8.91
- Slippage, 4 orders
- −$6.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$17.7
- Costs to cover
- 0.261%
- Break-even
- 14.2 days
Slippage from Binance: live order book, 5 min ago; ApeX Omni: live order book, 46 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 Binance live order book, 5 min ago | 0.01 bp | 5.0 bp −$5 | 5.7 bp −$57 | 10.0 bp −$1,004 | doesn't fit |
| Sell ApeX Omni live order book, 46 min ago | 2.72 bp | 8.0 bp −$8 | 68.5 bp −$685 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PAXG_USDT_Perp | −0.0260% | 4h | 4,305.8 | −0.016% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXG | −0.0256% | 1h | 4,304.4 | −0.048% | $1.4M | $607K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,303.8 | −0.061% | $41K | $171K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,307.8 | +0.030% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,306 | −0.011% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,308.5 | +0.047% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,302.2 | −0.098% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,310.7 | +0.098% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,310.4 | +0.092% | $903K | $804K | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,305.3 | −0.027% | $377K | $1.6M | 25x | as long as short |
GRVT PAXG_USDT_Perp
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
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0016% | 4h | 4,313.2 | +0.157% | $16.6M | $1.1M | 100x | as long as short |
| Binance PAXGUSDTlong | +0.0018% | 4h | 4,306.5 | long leg | $80.2M | $79.5M | 75x | |
| Aster PAXGUSDT | +0.0027% | 4h | 4,306.3 | −0.003% | $898K | $32K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0030% | 4h | 4,306.3 | −0.005% | $9.4M | $16.0M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.948% | $1K | $151K | 30x | as long as short |
| BingX PAXG-USDT | +0.0092% | 4h | 4,308.2 | +0.039% | — | $6.8M | — | as long as short |
| Paradex PAXG-USD-PERP | +0.0095% | 8h | 4,306.1 | −0.009% | $85K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,306.8 | +0.008% | $21.0M | $2.5M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,308.4 | +0.045% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,306.9 | +0.009% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,308.3 | +0.042% | $28.5M | $5.4M | 30x | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,306.8 | +0.008% | $1.2M | $856K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,302.4 | −0.093% | $12.2M | $230K | — | as long as short |
| ApeX Omni PAXGUSDTshort | +0.0100% | 1h | 4,302.3 | −0.096% | $261K | $769K | 50x | |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,306 | −0.011% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,305 | −0.034% | $1.5M | $66K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,306.1 | −0.010% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309.1 | +0.062% | $937K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,317.2 | +0.249% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
BingX PAXG-USDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD