Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.038%
Price spread now: dYdX against Variational Omni+0.014%53s7-day average −0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.135%−$13 on $10k
+Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.014%, 7d avg −0.006%
=Together, before fees−0.380%+ Points / potential airdropVariational Omni: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.020% dearer against Variational Omni than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.006%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours. The two prices were read 53 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 | Variational Omni PAXG | 4,346.7 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $12.5M | $114K | — |
| Short | dYdX PAXG-USD | 4,347.3 | 0 | get 0.0000% / 1h | 32m 52s | $101K | $12K | 5x |
Variational Omni PAXG
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Variational Omni. 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
- −$21
- Price spread: +0.014% → −0.006%
- $2.01
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$28.99
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; dYdX: live order book, 51 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 1 min ago | 2.83 bp | doesn't fit | 7.0 bp −$70 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 51 min ago | 13.84 bp | 18.8 bp −$19 | 110.2 bp −$1,102 | 212.9 bp −$21.3K | 1234.1 bp −$617.1K |
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-USDshort | 0.0000% | 1h | 4,347.3 | +0.014% | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,348.4 | +0.040% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,340.4 | −0.144% | $2K | $4.0M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,350.9 | +0.097% | $7.9M | $865K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,349.4 | +0.063% | $909K | $653K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,337 | −0.222% | $1K | $121K | 30x | as long as short |
| Hibachi PAXG/USDT-P | +0.0056% | 1h | 4,347.8 | +0.025% | $47K | $141K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0080% | 1h | 4,347.9 | +0.029% | $1.3M | $1.4M | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,345.2 | −0.034% | $1.4M | $273K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,345.7 | −0.022% | $80K | $3.7M | 50x | as long as short |
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,345.9 | −0.017% | $20.3M | $1.9M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,346.3 | −0.008% | $907K | $28K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,347.5 | +0.021% | $1.0M | $366K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,346.2 | −0.011% | $80.0M | $67.3M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,346.7 | +0.001% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,345 | −0.038% | $16.0M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,347.7 | +0.024% | $26.8M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,345.5 | −0.027% | $9.3M | $13.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,346.5 | −0.003% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,346.9 | +0.006% | $1.4M | $953K | 50x | as long as short |
| Variational Omni PAXGlong | +0.0100% | 4h | 4,346.7 | long leg | $12.5M | $114K | — | |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,347.1 | +0.010% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,346.7 | 0.000% | $263K | $797K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,347 | +0.008% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,343 | −0.084% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,345 | −0.037% | $378K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,345.9 | −0.018% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,349.1 | +0.056% | $975K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1432% | 1h | 4,363.8 | +0.395% | $29K | $21K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD