Funding you earn now, next payment 09:00 UTC+0.0166%/8h= +18.2% APRnext payment +$0.21 per $10,000 · paid last 24h +0.011%
Price spread now: ApeX Omni against Lighter+0.105%48s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as 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−$190.195% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.105%, 7d avg −0.006%
=Together, before fees−0.106%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.111% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 48 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 | Lighter PAXG | 4,325.9 | −0.0136 | get 0.0017% / 1h | 0m 38s | $1.4M | $637K | 25x |
| Short | ApeX Omni PAXGUSDT | 4,330.4 | 0.0030 | get 0.0004% / 1h | 0m 38s | $262K | $806K | 50x |
Lighter PAXG
ApeX Omni PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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
- $34.96
- Price spread: +0.105% → −0.006%
- $11.11
- Slippage, 4 orders
- −$9.47
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $26.61
- Costs to cover
- 0.195%
- Break-even
- 1.7 days
Slippage from Lighter: live order book, 6 min ago; ApeX Omni: live order book, 33 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 Lighter live order book, 6 min ago | 1.52 bp | 2.2 bp −$2 | 4.7 bp −$47 | 21.8 bp −$2,182 | doesn't fit |
| Sell ApeX Omni live order book, 33 min ago | 2.51 bp | 7.8 bp −$8 | 67.6 bp −$676 | 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 | −0.0239% | 1h | 4,328.5 | +0.061% | $115K | $15K | 5x | as long as short |
| Lighter PAXGlong | −0.0136% | 1h | 4,325.9 | long leg | $1.4M | $637K | 25x | |
| Kraken Futures PF_PAXGUSD | −0.0096% | 1h | 4,329.2 | +0.077% | $1.2M | $2.1M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0078% | 4h | 4,331.9 | +0.140% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0024% | 1h | 4,333.5 | +0.177% | $43K | $189K | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,329.8 | +0.091% | $15.7M | $4.1M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,324.4 | −0.033% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,332.2 | +0.146% | $7.9M | $428K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,334.2 | +0.192% | $909K | $821K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0020% | 4h | 4,333.5 | +0.177% | $16.7M | $1.2M | 100x | as long as short |
dYdX PAXG-USD
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PAXGUSDT | +0.0022% | 4h | 4,328.1 | +0.052% | $9.2M | $16.3M | 50x | as long as short |
| Binance PAXGUSDT | +0.0022% | 4h | 4,329.5 | +0.084% | $80.3M | $82.1M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,327.1 | +0.029% | $375K | $1.5M | 25x | as long as short |
| ApeX Omni PAXGUSDTshort | +0.0030% | 1h | 4,330.4 | +0.105% | $262K | $806K | 50x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.496% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0039% | 4h | 4,329.5 | +0.085% | $906K | $38K | 50x | as long as short |
| Hyperliquid PAXG | +0.0076% | 1h | 4,326.3 | +0.010% | $21.2M | $2.6M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0086% | 8h | 4,326.7 | +0.019% | $80K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,328.1 | +0.051% | $1.0M | $308K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,329.5 | +0.084% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,329.5 | +0.083% | $28.8M | $5.5M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,328.7 | +0.065% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327.9 | +0.047% | $1.2M | $857K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.8 | +0.023% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,327.9 | +0.047% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,326 | +0.003% | $1.5M | $80K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,327.2 | +0.032% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,332.1 | +0.144% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1344% | 1h | 4,387 | +1.413% | $29K | $24K | 10x | as long as short |
Bitget PAXGUSDT
Binance PAXGUSDT
Extended PAXG-USD
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