Funding you earn now, next payment 06:00 UTC+0.0129%/8h= +14.1% APRpaid last 24h +0.004%
Price spread now: Phemex against ApeX Omni+0.065%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$720.722% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.065%, 7d avg −0.028%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phemex is 0.093% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PAXGUSDT | 4,324.2 | −0.0029 | get 0.0004% / 1h | 25m 23s | $261K | $784K | 50x |
| Short | Phemex PAXGUSDT | 4,327 | 0.0100 | get 0.0050% / 4h | 2h 25m | $1.5M | $34K | 50x |
ApeX Omni PAXGUSDT
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against ApeX 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
- $27.1
- Price spread: +0.065% → −0.028%
- $9.26
- Slippage, 4 orders
- −$50.23
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$35.87
- Costs to cover
- 0.722%
- Break-even
- 16.3 days
Slippage from ApeX Omni: live order book, 23 min ago; Phemex: live order book, 3 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 ApeX Omni live order book, 23 min ago | 2.79 bp | 8.1 bp −$8 | 92.8 bp −$928 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 4.63 bp | 29.7 bp −$30 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,325.2 | +0.022% | $40K | $165K | 20x | as long as short |
| Lighter PAXG | −0.0136% | 1h | 4,328 | +0.088% | $1.4M | $387K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,328.2 | +0.093% | $1.3M | $1.6M | 20x | as long as short |
| ApeX Omni PAXGUSDTlong | −0.0029% | 1h | 4,324.2 | long leg | $261K | $784K | 50x | |
| GRVT PAXG_USDT_Perp | −0.0002% | 4h | 4,326.4 | +0.051% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,329.2 | +0.115% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,331 | +0.157% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,323.1 | −0.026% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,331.2 | +0.161% | $7.9M | $839K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,330.7 | +0.149% | $902K | $716K | 75x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0032% | 1h | 4,328.2 | +0.091% | $379K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0032% | 4h | 4,330.9 | +0.155% | $16.1M | $1.0M | 100x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.534% | $1K | $151K | 30x | as long as short |
| Binance PAXGUSDT | +0.0034% | 4h | 4,329.3 | +0.119% | $79.7M | $72.9M | 75x | as long as short |
| Aster PAXGUSDT | +0.0063% | 4h | 4,329.2 | +0.116% | $904K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0079% | 1h | 4,329.7 | +0.127% | $20.8M | $2.4M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,330.4 | +0.143% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,329.1 | +0.113% | $555 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,331 | +0.158% | $1.0M | $349K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,330.3 | +0.141% | $14.8M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,331.7 | +0.173% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,329.6 | +0.124% | $9.8M | $15.6M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,329.4 | +0.120% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327.7 | +0.080% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.4 | +0.051% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,327 | +0.065% | $1.5M | $34K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,328.7 | +0.104% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,328.9 | +0.108% | $952K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0808% | 1h | 4,339.7 | +0.358% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Binance PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD