Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.6% APRpaid last 24h +0.006%
Price spread now: Binance against ApeX Omni−0.020%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.020%, 7d avg +0.007%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.027% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PAXGUSDT | 4,314.3 | 0.0039 | pay 0.0005% / 1h | 11m 01s | $261K | $774K | 50x |
| Short | Binance PAXGUSDT | 4,313.4 | 0.0025 | get 0.0012% / 4h | 11m 01s | $79.8M | $76.2M | 75x |
ApeX Omni PAXGUSDT
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$3.02
- Price spread: −0.020% → +0.007%
- −$2.7
- Slippage, 4 orders
- −$6.09
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$31.81
- Costs to cover
- 0.261%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 28 min ago; Binance: live order book, 16 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, 28 min ago | 2.72 bp | 8.1 bp −$8 | 105.5 bp −$1,055 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.01 bp | 5.0 bp −$5 | 6.1 bp −$61 | 10.6 bp −$1,059 | 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 | −0.0192% | 1h | 4,311.3 | −0.069% | $1.4M | $500K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,315.5 | +0.028% | $42K | $171K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0116% | 4h | 4,314.9 | +0.014% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,313.4 | −0.022% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,313.4 | −0.022% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,315.2 | +0.021% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,310 | −0.099% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,318.1 | +0.088% | $7.9M | $594K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,317.2 | +0.067% | $902K | $796K | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,312.3 | −0.046% | $376K | $1.5M | 25x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0024% | 4h | 4,319.4 | +0.118% | $16.7M | $1.1M | 100x | as long as short |
| Binance PAXGUSDTshort | +0.0025% | 4h | 4,313.4 | −0.020% | $79.8M | $76.2M | 75x | |
| Aster PAXGUSDT | +0.0032% | 4h | 4,313.5 | −0.019% | $900K | $30K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.765% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDTlong | +0.0039% | 1h | 4,314.3 | long leg | $261K | $774K | 50x | |
| Bitget PAXGUSDT | +0.0050% | 4h | 4,312.4 | −0.044% | $9.5M | $16.0M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,314.1 | −0.004% | $85K | $3.9M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,313.2 | −0.025% | $20.8M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,315.8 | +0.035% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,313.1 | −0.028% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,314.8 | +0.013% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,314.8 | +0.011% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,313.8 | −0.012% | $1.3M | $834K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,310.3 | −0.093% | $12.2M | $218K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,313.4 | −0.021% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,312 | −0.053% | $1.5M | $53K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,312.8 | −0.035% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,318.8 | +0.104% | $950K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0920% | 1h | 4,324.9 | +0.246% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD