Funding you earn now, next payment 07:00 UTC−0.0034%/8h= −3.8% APRnext payment −$0.04 per $10,000 · paid last 24h +0.024%
Price spread now: ApeX Omni against Deribit−0.161%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$330.330% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.161%, 7d avg −0.078%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.082% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.078%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.176%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PAXG_USDC-PERPETUAL | 4,322.5 | 0 | get 0.0000% / 1h | 32m 28s | $7.9M | $850K | 50x |
| Short | ApeX Omni PAXGUSDT | 4,315.6 | −0.0034 | pay 0.0004% / 1h | 32m 28s | $261K | $771K | 50x |
Deribit PAXG_USDC-PERPETUAL
ApeX Omni PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Deribit. 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
- −$7.22
- Price spread: −0.161% → −0.078%
- −$8.23
- Slippage, 4 orders
- −$15.96
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$48.42
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 min ago; ApeX Omni: live order book, 11 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 Deribit live order book, 2 min ago | 3.01 bp | 9.5 bp −$10 | 15.2 bp −$152 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 11 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 | −0.0192% | 1h | 4,315.8 | −0.155% | $1.4M | $465K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,318 | −0.104% | $44K | $168K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0120% | 4h | 4,316.8 | −0.132% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,319.5 | −0.070% | $1.2M | $1.9M | 20x | as long as short |
| ApeX Omni PAXGUSDTshort | −0.0034% | 1h | 4,315.6 | −0.161% | $261K | $771K | 50x | |
| Extended PAXG-USD | −0.0008% | 1h | 4,316.5 | −0.139% | $378K | $625K | 25x | as long as short |
| MEXC PAXG_USDT | −0.0006% | 4h | 4,322.4 | −0.003% | $16.5M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | −0.0005% | 4h | 4,317.5 | −0.116% | $79.6M | $74.8M | 75x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | −0.107% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,319.7 | −0.065% | $15.6M | $3.8M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | 0.0000% | 4h | 4,314.7 | −0.181% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALlong | 0.0000% | 1h | 4,322.5 | long leg | $7.9M | $850K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,321.1 | −0.032% | $904K | $771K | 75x | as long as short |
| Aster PAXGUSDT | +0.0013% | 4h | 4,319.2 | −0.076% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.574% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,317.7 | −0.110% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,317.7 | −0.111% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,317.9 | −0.106% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.3 | −0.075% | $1.0M | $316K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,318 | −0.104% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,320.1 | −0.055% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,317.1 | −0.125% | $9.4M | $16.4M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,318.3 | −0.098% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,317.9 | −0.105% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,317 | −0.127% | $12.2M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.150% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,318.1 | −0.101% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,318.1 | −0.102% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0792% | 1h | 4,328.3 | +0.134% | $29K | $23K | 10x | as long as short |
SunX PAXG-USDT
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
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