Funding you earn now, next payment 09:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.006%
Price spread now: ApeX Omni against Phemex+0.142%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$690.690% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.233%−$23 · spread now +0.142%, 7d avg +0.029%
=The price spread pays, funding is against you. ApeX Omni is 0.113% dearer against Phemex than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of +0.029%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.2 days. At the pace of the last 7 days (−0.036% in total) that is about 22 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PAXGUSDT | 4,322 | 0.0100 | pay 0.0050% / 4h | 2h 58m | $1.5M | $80K | 50x |
| Short | ApeX Omni PAXGUSDT | 4,328.1 | 0.0040 | get 0.0005% / 1h | 58m 59s | $262K | $805K | 50x |
Phemex PAXGUSDT
ApeX Omni PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phemex. 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
- −$12.65
- Price spread: +0.142% → +0.029%
- $11.26
- Slippage, 4 orders
- −$46.96
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$70.35
- Costs to cover
- 0.690%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; ApeX Omni: live order book, 35 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 Phemex live order book, 4 min ago | 3.46 bp | 29.1 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 35 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 | −0.0235% | 1h | 4,328.5 | +0.150% | $115K | $15K | 5x | as long as short |
| Lighter PAXG | −0.0088% | 1h | 4,325.8 | +0.088% | $1.4M | $500K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0056% | 4h | 4,328.1 | +0.142% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0016% | 1h | 4,329.9 | +0.182% | $43K | $189K | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,329.5 | +0.174% | $15.7M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,323.7 | +0.038% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,331.9 | +0.229% | $7.9M | $428K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,332.4 | +0.241% | $910K | $823K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0022% | 4h | 4,334.1 | +0.279% | $16.6M | $1.2M | 100x | as long as short |
| Bitget PAXGUSDT | +0.0022% | 4h | 4,326.6 | +0.107% | $9.2M | $16.3M | 50x | as long as short |
dYdX PAXG-USD
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDT
Bitget PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0022% | 4h | 4,327.2 | +0.120% | $80.2M | $82.1M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,326 | +0.092% | $375K | $1.5M | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.585% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDTshort | +0.0040% | 1h | 4,328.1 | +0.142% | $262K | $805K | 50x | |
| Aster PAXGUSDT | +0.0041% | 4h | 4,328.7 | +0.155% | $906K | $38K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0085% | 1h | 4,328.1 | +0.140% | $1.2M | $2.1M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0087% | 8h | 4,328 | +0.139% | $80K | $4.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,326.8 | +0.111% | $21.3M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,330.3 | +0.191% | $1.0M | $309K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,327.1 | +0.118% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,329.8 | +0.181% | $28.9M | $5.5M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,328.6 | +0.152% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327.3 | +0.124% | $1.2M | $860K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.8 | +0.112% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,328.4 | +0.148% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,322 | long leg | $1.5M | $80K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,327.9 | +0.136% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,330.6 | +0.199% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.4408% | 1h | 4,387.1 | +1.506% | $29K | $24K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Injective PAXG/USDC PERP
Aster PAXGUSDT
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD