PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h +0.036%

Price spread now: ApeX Omni against dYdX+0.013%50s7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as 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−$460.463% of the position

Long on dYdX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.013%, 7d avg −0.026%

Together, before fees+0.216%+$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.039% dearer against dYdX than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.026%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours. Mind the row above: over the last 7 days funding on this pair paid +0.224%, so the current rate has only just turned against you. The two prices were read 50 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	dYdX PAXG-USD	4,334.8	0	get 0.0000% / 1h	44m 20s	$101K	$12K	5x
Short	ApeX Omni PAXGUSDT	4,335.3	−0.0086	pay 0.0011% / 1h	44m 20s	$262K	$787K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee ApeX OmnibpOrdersPrice spread, now +0.013%Rate

Funding earned: −$18.09
Price spread: +0.013% → −0.026%: $3.91
Slippage, 4 orders: −$26.35
Fee dYdX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$60.53
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from dYdX: live order book, 9 min ago; ApeX Omni: live order book, 10 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 dYdX live order book, 9 min ago	10.39 bp	15.4 bp −$15	30.2 bp −$302	165.0 bp −$16.5K	477.2 bp −$238.6K
Sell ApeX Omni live order book, 10 min ago	2.53 bp	7.8 bp −$8	84.1 bp −$841	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	4,335.8	+0.023%	$42K	$154K	20x	as long as short
Lighter PAXG	−0.0160%	1h	4,334	−0.019%	$1.4M	$362K	25x	as long as short
GRVT PAXG_USDT_Perp	−0.0144%	4h	4,333.7	−0.025%	$1.5M	$1.9M	10x	as long as short
ApeX Omni PAXGUSDTshort	−0.0086%	1h	4,335.3	+0.013%	$262K	$787K	50x
dYdX PAXG-USDlong	0.0000%	1h	4,334.8	long leg	$101K	$12K	5x
Gate PAXG_USDT	0.0000%	8h	4,338.1	+0.077%	$15.6M	$3.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,330	−0.110%	$2K	$3.6M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,338.6	+0.089%	$7.9M	$868K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,339.9	+0.117%	$903K	$684K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.289%	$1K	$151K	30x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PAXGUSDT	+0.0062%	4h	4,335	+0.006%	$80.0M	$71.2M	75x	as long as short
Extended PAXG-USD	+0.0064%	1h	4,333.9	−0.021%	$378K	$1.4M	25x	as long as short
MEXC PAXG_USDT	+0.0064%	4h	4,337.6	+0.065%	$16.1M	$1.0M	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0065%	1h	4,335.9	+0.026%	$1.3M	$1.4M	20x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,335.8	+0.023%	$81K	$3.7M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,334.7	−0.002%	$556	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,335.9	+0.026%	$20.7M	$2.4M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,335.7	+0.021%	$905K	$27K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,337.7	+0.067%	$1.0M	$338K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,336.3	+0.035%	$14.9M	$3.8M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,338.2	+0.079%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,335.9	+0.026%	$9.7M	$15.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,336.5	+0.040%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,336.4	+0.037%	$1.3M	$800K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,336	+0.028%	$12.3M	$227K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,333	−0.041%	$1.5M	$39K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,335.5	+0.017%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0296%	1h	4,336.7	+0.044%	$987K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.1016%	1h	4,346.7	+0.275%	$29K	$23K	10x	as long as short