Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.006%
Price spread now: ApeX Omni against Bybit+0.009%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.009%, 7d avg −0.037%
=The price spread pays, funding is against you. ApeX Omni is 0.046% dearer against Bybit than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.037%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PAXGUSDT | 4,321.9 | 0.0100 | pay 0.0050% / 4h | 38m 51s | $14.9M | $4.0M | 75x |
| Short | ApeX Omni PAXGUSDT | 4,322.3 | 0.0081 | get 0.0010% / 1h | 38m 51s | $262K | $775K | 50x |
Bybit PAXGUSDT
ApeX Omni PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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
- −$4.02
- Price spread: +0.009% → −0.037%
- $4.58
- Slippage, 4 orders
- −$9.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$29.55
- Costs to cover
- 0.301%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; ApeX Omni: live order book, 65 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 Bybit live order book, 5 min ago | 0.12 bp | 7.5 bp −$8 | 10.5 bp −$105 | 25.5 bp −$2,554 | doesn't fit |
| Sell ApeX Omni live order book, 65 min ago | 2.52 bp | 7.9 bp −$8 | 78.9 bp −$789 | 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 | −0.0176% | 1h | 4,319.8 | −0.050% | $1.4M | $482K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0104% | 4h | 4,323.3 | +0.032% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0096% | 1h | 4,323 | +0.024% | $41K | $168K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,322.3 | +0.009% | $1.2M | $1.8M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,321.4 | −0.011% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,323.7 | +0.041% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,318.1 | −0.089% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,325.6 | +0.084% | $7.9M | $659K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,325.7 | +0.088% | $903K | $783K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0010% | 4h | 4,327.1 | +0.120% | $16.7M | $1.0M | 100x | 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
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0012% | 4h | 4,321.2 | −0.016% | $79.7M | $74.0M | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,320 | −0.045% | $376K | $1.6M | 25x | as long as short |
| Aster PAXGUSDT | +0.0021% | 4h | 4,321.9 | −0.002% | $902K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.587% | $1K | $151K | 30x | as long as short |
| Bitget PAXGUSDT | +0.0078% | 4h | 4,321.5 | −0.010% | $9.4M | $15.9M | 50x | as long as short |
| ApeX Omni PAXGUSDTshort | +0.0081% | 1h | 4,322.3 | +0.009% | $262K | $775K | 50x | |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,320.7 | −0.028% | $85K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,321.4 | −0.012% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,321.9 | −0.001% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,323.7 | +0.041% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDTlong | +0.0100% | 4h | 4,321.9 | long leg | $14.9M | $4.0M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,323.5 | +0.036% | $28.7M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,322.6 | +0.016% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,321.9 | −0.001% | $1.3M | $818K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,322.2 | +0.006% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,323 | +0.025% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,320.6 | −0.030% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,322.2 | +0.006% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0896% | 1h | 4,333.1 | +0.258% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Injective PAXG/USDC PERP
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD