Funding you earn now, next payment 07:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.006%
Price spread now: ApeX Omni against Bybit−0.060%59s7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.060%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.023% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.037%). Swap the legs. The two prices were read 59 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 | Bybit PAXGUSDT | 4,319.9 | 0.0100 | pay 0.0050% / 4h | 56m 32s | $14.9M | $4.0M | 75x |
| Short | ApeX Omni PAXGUSDT | 4,317.3 | 0.0045 | get 0.0006% / 1h | 56m 32s | $261K | $773K | 50x |
Bybit PAXGUSDT
ApeX Omni PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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
- −$11.51
- Price spread: −0.060% → −0.037%
- −$2.28
- Slippage, 4 orders
- −$9.56
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$44.34
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 47 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 Bybit live order book, 2 min ago | 0.12 bp | 8.4 bp −$8 | 12.0 bp −$120 | 26.2 bp −$2,621 | doesn't fit |
| Sell ApeX Omni live order book, 47 min ago | 2.52 bp | 7.9 bp −$8 | 78.9 bp −$789 | 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 | −0.0176% | 1h | 4,317.3 | −0.061% | $1.4M | $478K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0106% | 4h | 4,317.7 | −0.052% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0072% | 1h | 4,318.6 | −0.030% | $42K | $165K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,320.3 | +0.009% | $1.2M | $1.9M | 20x | as long as short |
| Binance PAXGUSDT | 0.0000% | 4h | 4,319.1 | −0.018% | $79.7M | $75.0M | 75x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | −0.047% | $101K | $12K | 5x | as long as short |
| Extended PAXG-USD | 0.0000% | 1h | 4,317.7 | −0.052% | $375K | $997K | 25x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,320.5 | +0.014% | $15.6M | $3.6M | 100x | as long as short |
| MEXC PAXG_USDT | 0.0000% | 4h | 4,323.8 | +0.091% | $16.6M | $1.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,316.6 | −0.075% | $2K | $3.3M | 20x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Binance PAXGUSDT
dYdX PAXG-USD
Extended PAXG-USD
Gate PAXG_USDT
MEXC PAXG_USDT
SunX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,324.3 | +0.102% | $7.9M | $687K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,322.2 | +0.054% | $902K | $775K | 75x | as long as short |
| Aster PAXGUSDT | +0.0013% | 4h | 4,319.5 | −0.010% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.634% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDTshort | +0.0045% | 1h | 4,317.3 | −0.060% | $261K | $773K | 50x | |
| Bitget PAXGUSDT | +0.0092% | 4h | 4,318.8 | −0.025% | $9.4M | $16.4M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,318.3 | −0.037% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,318 | −0.044% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,319.6 | −0.007% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,320.7 | +0.019% | $1.0M | $306K | 10x | as long as short |
| Bybit PAXGUSDTlong | +0.0100% | 4h | 4,319.9 | long leg | $14.9M | $4.0M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,321.5 | +0.036% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,319.8 | −0.002% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,320.3 | +0.009% | $1.3M | $822K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,316.8 | −0.072% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,318 | −0.044% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,318.6 | −0.030% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,322.2 | +0.053% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0832% | 1h | 4,330 | +0.234% | $29K | $23K | 10x | as long as short |
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD