Funding you earn now, next payment 12:00 UTC−0.0282%/8h= −30.9% APRnext payment −$1.41 per $10,000 · paid last 24h −0.021%
Price spread now: GRVT against Variational Omni−0.013%7-day average +0.012% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.024%−$2 on $10k
+Price spread, last 7 days+0.032%+$3 · spread now −0.013%, 7d avg +0.012%
=Together, before fees+0.008%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GRVT is 0.025% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.024% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PAXG | 4,302.7 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $12.2M | $230K | — |
| Short | GRVT PAXG_USDT_Perp | 4,302.2 | −0.0182 | pay 0.0091% / 4h | 3h 39m | $1.5M | $1.9M | 10x |
Variational Omni PAXG
GRVT PAXG_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$59.22
- Price spread: −0.013% → +0.012%
- −$2.53
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$70.75
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; GRVT: live order book, 4 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, 5 min ago | 2.82 bp | doesn't fit | 6.2 bp −$62 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 min ago | 0.01 bp | 5.4 bp −$5 | 7.8 bp −$78 | 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 | −0.0200% | 1h | 4,302.4 | −0.008% | $1.4M | $612K | 25x | as long as short |
| GRVT PAXG_USDT_Perpshort | −0.0182% | 4h | 4,302.2 | −0.013% | $1.5M | $1.9M | 10x | |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,303.9 | +0.028% | $42K | $172K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,305.3 | +0.059% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,306.2 | +0.081% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,306.4 | +0.085% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,300.2 | −0.060% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,308.4 | +0.131% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,308.8 | +0.141% | $904K | $818K | 75x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,303.5 | +0.017% | $374K | $1.6M | 25x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0012% | 4h | 4,303.9 | +0.027% | $80.1M | $79.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0012% | 4h | 4,312.5 | +0.226% | $16.7M | $1.2M | 100x | as long as short |
| Aster PAXGUSDT | +0.0023% | 4h | 4,304.2 | +0.034% | $899K | $33K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0026% | 4h | 4,303.9 | +0.027% | $9.4M | $15.6M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.036% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0080% | 1h | 4,302.8 | +0.001% | $261K | $772K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0096% | 8h | 4,303.9 | +0.027% | $81K | $4.3M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,303.4 | +0.016% | $21.0M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,306.4 | +0.085% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,304.9 | +0.049% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,306 | +0.076% | $28.7M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,305.6 | +0.066% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,304.4 | +0.038% | $1.2M | $855K | 50x | as long as short |
| Variational Omni PAXGlong | +0.0100% | 4h | 4,302.7 | long leg | $12.2M | $230K | — | |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,303.7 | +0.022% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,304 | +0.029% | $1.5M | $67K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,303.7 | +0.022% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309 | +0.145% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,315.2 | +0.290% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
MEXC PAXG_USDT
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD