Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.5% APRnext payment +$0.09 per $10,000 · paid last 24h −0.008%
Price spread now: ApeX Omni against Kraken Futures−0.038%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$310.305% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.038%, 7d avg −0.046%
=The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.360%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,327.5 | −0.0102 | get 0.0013% / 1h | 28m 54s | $1.3M | $1.6M | 20x |
| Short | ApeX Omni PAXGUSDT | 4,325.9 | −0.0033 | pay 0.0004% / 1h | 28m 54s | $262K | $782K | 50x |
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- $14.38
- Price spread: −0.038% → −0.046%
- $0.76
- Slippage, 4 orders
- −$10.51
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$15.37
- Costs to cover
- 0.305%
- Break-even
- 14.5 days
Slippage from Kraken Futures: live order book, 5 min ago; ApeX Omni: live order book, 20 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 Kraken Futures live order book, 5 min ago | 0.93 bp | 5.9 bp −$6 | 9.6 bp −$96 | 39.2 bp −$3,921 | doesn't fit |
| Sell ApeX Omni live order book, 20 min ago | 2.79 bp | 8.1 bp −$8 | 70.1 bp −$701 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,330.5 | +0.068% | $42K | $164K | 20x | as long as short |
| Lighter PAXG | −0.0144% | 1h | 4,324.6 | −0.067% | $1.4M | $386K | 25x | as long as short |
| Kraken Futures PF_PAXGUSDlong | −0.0102% | 1h | 4,327.5 | long leg | $1.3M | $1.6M | 20x | |
| ApeX Omni PAXGUSDTshort | −0.0033% | 1h | 4,325.9 | −0.038% | $262K | $782K | 50x | |
| dYdX PAXG-USD | 0.0000% | 1h | 4,329.2 | +0.039% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,326.9 | −0.014% | $15.6M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,323.4 | −0.095% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,330.8 | +0.075% | $7.9M | $839K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,331.7 | +0.096% | $903K | $709K | 75x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0004% | 4h | 4,329.8 | +0.054% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.457% | $1K | $151K | 30x | as long as short |
| MEXC PAXG_USDT | +0.0036% | 4h | 4,327.4 | −0.004% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0037% | 4h | 4,324.2 | −0.078% | $79.7M | $72.8M | 75x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,323.1 | −0.103% | $379K | $1.4M | 25x | as long as short |
| Aster PAXGUSDT | +0.0068% | 4h | 4,326.8 | −0.016% | $903K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0069% | 1h | 4,324.6 | −0.067% | $20.7M | $2.4M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,329.6 | +0.049% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,329.6 | +0.048% | $556 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,330.2 | +0.062% | $1.0M | $349K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,325.1 | −0.056% | $14.8M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,327.5 | 0.000% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,324.8 | −0.063% | $9.8M | $15.5M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,324.8 | −0.062% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,326.3 | −0.029% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,327.7 | +0.004% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,324 | −0.081% | $1.5M | $34K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,327.9 | +0.009% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,328.9 | +0.031% | $952K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0792% | 1h | 4,339.8 | +0.284% | $29K | $24K | 10x | as long as short |
Injective PAXG/USDC PERP
MEXC PAXG_USDT
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
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