Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against Phemex−0.039%7-day average +0.053% · 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)0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.039%, 7d avg +0.053%
=Together, before fees+0.097%+ Points / potential airdropVariational Omni: Active · farm board+$10 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 0.092% cheaper against Phemex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PAXGUSDT | 4,322 | 0.0100 | pay 0.0050% / 4h | 35m 32s | $1.5M | $52K | 50x |
| Short | Variational Omni PAXG | 4,320.3 | 0.0100 | get 0.0050% / 4h | 35m 32s | $12.3M | $218K | — |
Phemex PAXGUSDT
Variational Omni PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. 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: −0.039% → +0.053%
- −$9.18
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$21.18
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Variational Omni: RFQ quote, 4 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 Phemex live order book, 2 min ago | 5.79 bp | 24.4 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 2.83 bp | doesn't fit | 7.4 bp −$74 | 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 | −0.0184% | 1h | 4,318.7 | −0.077% | $1.4M | $482K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0104% | 4h | 4,321.8 | −0.004% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0104% | 1h | 4,321.6 | −0.010% | $41K | $168K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,321.4 | −0.015% | $1.2M | $1.8M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,321.4 | −0.013% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,322.6 | +0.014% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,318.6 | −0.080% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,325.4 | +0.079% | $7.9M | $659K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,326 | +0.093% | $903K | $783K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0012% | 4h | 4,326 | +0.093% | $16.6M | $1.0M | 100x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0013% | 4h | 4,320.1 | −0.043% | $79.7M | $74.1M | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,318.9 | −0.072% | $376K | $1.6M | 25x | as long as short |
| Aster PAXGUSDT | +0.0021% | 4h | 4,321.9 | −0.003% | $902K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.585% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0056% | 1h | 4,318.9 | −0.071% | $262K | $773K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0074% | 4h | 4,320.1 | −0.043% | $9.4M | $15.9M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,320 | −0.047% | $85K | $3.5M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,320.4 | −0.037% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,320.8 | −0.028% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,322.4 | +0.010% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,321.1 | −0.021% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,322.6 | +0.014% | $28.7M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,321.9 | −0.003% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,321.1 | −0.021% | $1.3M | $822K | 50x | as long as short |
| Variational Omni PAXGshort | +0.0100% | 4h | 4,320.3 | −0.039% | $12.3M | $218K | — | |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,322 | long leg | $1.5M | $52K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,319.9 | −0.049% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,325.9 | +0.091% | $950K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0912% | 1h | 4,331.5 | +0.220% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD