Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%
Price spread now: Variational Omni against Backpack+0.013%7-day average −0.013% · 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)−0.004%$0 on $10k
+Price spread, last 7 days−0.075%−$7 · spread now +0.013%, 7d avg −0.013%
=Together, before fees−0.078%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.026% dearer against Backpack than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,343.1 | 0.0100 | pay 0.0013% / 1h | 6m 27s | $1.4M | $1.3M | 50x |
| Short | Variational Omni PAXG | 4,343.6 | 0.0100 | get 0.0050% / 4h | 6m 27s | $12.5M | $88K | — |
Backpack PAXG_USDC_PERP
Variational Omni PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Backpack. 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
- $0
- Price spread: +0.013% → −0.013%
- $2.61
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$7.39
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 Backpack live order book, 2 min ago | 0.01 bp | 5.0 bp −$5 | 5.3 bp −$53 | 19.7 bp −$1,970 | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 2.83 bp | doesn't fit | 6.1 bp −$61 | 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 | −0.0048% | 1h | 4,342.3 | −0.017% | $41K | $156K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0009% | 1h | 4,343.9 | +0.019% | $1.4M | $1.3M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,343.6 | +0.012% | $101K | $18K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,343.9 | +0.020% | $15.8M | $4.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,337 | −0.140% | $2K | $4.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,345.7 | +0.062% | $7.9M | $837K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,348.2 | +0.120% | $908K | $667K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.7 | +0.107% | $1K | $129K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0054% | 4h | 4,343.5 | +0.011% | $1.5M | $2.1M | 10x | as long as short |
| Lighter PAXG | +0.0064% | 1h | 4,340.5 | −0.059% | $1.4M | $522K | 25x | as long as short |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Lighter PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,341.2 | −0.041% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,340.9 | −0.050% | $20.4M | $1.8M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,342.2 | −0.020% | $905K | $72K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342.9 | −0.002% | $1.0M | $363K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,341.3 | −0.040% | $79.9M | $68.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,341.7 | −0.031% | $14.8M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,345 | +0.045% | $15.9M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,343 | −0.002% | $26.8M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,341.3 | −0.041% | $9.2M | $13.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,342.7 | −0.009% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERPlong | +0.0100% | 1h | 4,343.1 | long leg | $1.4M | $1.3M | 50x | |
| Variational Omni PAXGshort | +0.0100% | 4h | 4,343.6 | +0.013% | $12.5M | $88K | — | |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,339.8 | −0.074% | $262K | $791K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,341.7 | −0.031% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,338 | −0.116% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,341.1 | −0.045% | $376K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,341.1 | −0.046% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0328% | 1h | 4,346.3 | +0.075% | $998K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1296% | 1h | 4,361.2 | +0.418% | $29K | $22K | 10x | as long as short |
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD