Funding you earn now, next payment 09:00 UTC−0.0756%/8h= −82.8% APRpaid last 24h −0.235%
Price spread now: Variational Omni against 01 Exchange−0.433%48s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Variational Omni is 0.433% cheaper against 01 Exchange than usual: you would sell low and buy high (−$43 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | 01 Exchange PAXGUSD | 4,311.2 | 0.0856 | pay 0.0107% / 1h | 22m 42s | $29K | $23K | 10x |
| Short | Variational Omni PAXG | 4,292.5 | 0.0100 | get 0.0050% / 4h | 3h 22m | $12.2M | $231K | — |
01 Exchange PAXGUSD
Variational Omni PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against 01 Exchange. 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
- −$158.76
- Price spread: −0.433% → 0.000%
- −$43.35
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$209.11
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 1 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 1 min ago | 2.83 bp | doesn't fit | 5.9 bp −$59 | doesn't fit | doesn't fit |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0176% | 1h | 4,303.2 | −0.187% | $1.4M | $626K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,300 | −0.259% | $40K | $184K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0154% | 4h | 4,295.1 | −0.374% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,302.6 | −0.201% | $1.2M | $2.0M | 20x | as long as short |
| dYdX PAXG-USD | −0.0023% | 1h | 4,301.5 | −0.226% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,305.8 | −0.125% | $15.6M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,296.7 | −0.337% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,305.4 | −0.134% | $7.9M | $613K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,303.5 | −0.178% | $904K | $833K | 75x | as long as short |
| Binance PAXGUSDT | +0.0006% | 4h | 4,306 | −0.120% | $80.1M | $81.0M | 75x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Binance PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0006% | 4h | 4,312.1 | +0.021% | $16.7M | $1.2M | 100x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,305.1 | −0.142% | $373K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDT | +0.0016% | 4h | 4,305.1 | −0.142% | $9.5M | $16.1M | 50x | as long as short |
| Aster PAXGUSDT | +0.0022% | 4h | 4,305.3 | −0.136% | $901K | $37K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.837% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0036% | 1h | 4,296.7 | −0.336% | $260K | $772K | 50x | as long as short |
| Hyperliquid PAXG | +0.0083% | 1h | 4,303.7 | −0.174% | $21.1M | $2.7M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0085% | 8h | 4,304.6 | −0.153% | $81K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,306 | −0.120% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,305.4 | −0.135% | $14.8M | $4.4M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,306.7 | −0.105% | $28.7M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,305.6 | −0.129% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,302.5 | −0.202% | $1.2M | $862K | 50x | as long as short |
| Variational Omni PAXGshort | +0.0100% | 4h | 4,292.5 | −0.433% | $12.2M | $231K | — | |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,300.2 | −0.255% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,300 | −0.260% | $1.5M | $78K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,299.9 | −0.261% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,303.9 | −0.169% | $931K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSDlong | +0.0856% | 1h | 4,311.2 | long leg | $29K | $23K | 10x |
MEXC PAXG_USDT
Extended PAXG-USD
Bitget PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
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