Funding you earn now, next payment 08:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.024%
Price spread now: Gate against ApeX Omni−0.020%7-day average +0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.020%, 7d avg +0.081%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.101% cheaper against ApeX Omni than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.081%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PAXGUSDT | 4,312.8 | 0.0041 | pay 0.0005% / 1h | 15m 02s | $261K | $774K | 50x |
| Short | Gate PAXG_USDT | 4,311.9 | 0 | get 0.0000% / 8h | 15m 02s | $15.5M | $3.7M | 100x |
ApeX Omni PAXGUSDT
Gate PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$8.62
- Price spread: −0.020% → +0.081%
- −$10.08
- Slippage, 4 orders
- −$10.03
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$53.73
- Costs to cover
- 0.350%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 24 min ago; Gate: live order book, 4 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, 24 min ago | 2.72 bp | 8.1 bp −$8 | 105.5 bp −$1,055 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 0.35 bp | 9.8 bp −$10 | 13.5 bp −$135 | 26.3 bp −$2,625 | 57.4 bp −$28.7K |
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 | 4,308.2 | −0.106% | $1.4M | $496K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0152% | 1h | 4,311.5 | −0.030% | $41K | $170K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0110% | 4h | 4,313.2 | +0.009% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,310.3 | −0.056% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,313.4 | +0.014% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDTshort | 0.0000% | 8h | 4,311.9 | −0.020% | $15.5M | $3.7M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,306.9 | −0.136% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,315.7 | +0.069% | $7.9M | $594K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,313.6 | +0.020% | $901K | $796K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0022% | 4h | 4,318.2 | +0.126% | $16.6M | $1.1M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
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 | +0.0023% | 4h | 4,311.3 | −0.034% | $79.6M | $76.0M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,309.1 | −0.085% | $376K | $1.5M | 25x | as long as short |
| Aster PAXGUSDT | +0.0028% | 4h | 4,311.6 | −0.027% | $899K | $30K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.801% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDTlong | +0.0041% | 1h | 4,312.8 | long leg | $261K | $774K | 50x | |
| Bitget PAXGUSDT | +0.0056% | 4h | 4,310.6 | −0.049% | $9.5M | $15.9M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,310.1 | −0.062% | $85K | $3.8M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,310.3 | −0.057% | $20.7M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,311.9 | −0.020% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,311.6 | −0.028% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,311.7 | −0.024% | $28.5M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,311 | −0.040% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,311 | −0.041% | $1.3M | $834K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,310.3 | −0.057% | $12.2M | $218K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,311.3 | −0.034% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,312 | −0.017% | $1.5M | $53K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,309.8 | −0.068% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,316.2 | +0.080% | $953K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0928% | 1h | 4,321.7 | +0.208% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
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