Funding you earn now, next payment 07:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h +0.033%
Price spread now: ApeX Omni against dYdX−0.013%50s7-day average −0.026% · 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−$560.558% of the position
Funding, last 7 days+0.221%+$22 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.013%, 7d avg −0.026%
=The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. 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 | 4,317.9 | 0 | get 0.0000% / 1h | 58m 33s | $101K | $12K | 5x |
| Short | ApeX Omni PAXGUSDT | 4,317.3 | 0.0045 | get 0.0006% / 1h | 58m 33s | $261K | $773K | 50x |
dYdX PAXG-USD
ApeX Omni PAXGUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.49
- Price spread: −0.013% → −0.026%
- $1.29
- Slippage, 4 orders
- −$35.82
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$45.03
- Costs to cover
- 0.558%
- Break-even
- 40.2 days
Slippage from dYdX: live order book, 45 min ago; ApeX Omni: live order book, 45 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, 45 min ago | 15.06 bp | 20.1 bp −$20 | 37.5 bp −$375 | 545.1 bp −$54.5K | 1599.7 bp −$799.9K |
| Sell ApeX Omni live order book, 45 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 | −0.0192% | 1h | 4,315.3 | −0.059% | $1.4M | $478K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0106% | 4h | 4,317.7 | −0.005% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0080% | 1h | 4,318 | +0.003% | $42K | $167K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,318.3 | +0.010% | $1.2M | $1.9M | 20x | as long as short |
| Extended PAXG-USD | −0.0008% | 1h | 4,317 | −0.021% | $374K | $878K | 25x | as long as short |
| MEXC PAXG_USDT | −0.0004% | 4h | 4,322.6 | +0.110% | $16.6M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | −0.0003% | 4h | 4,318.9 | +0.024% | $79.7M | $75.1M | 75x | as long as short |
| dYdX PAXG-USDlong | 0.0000% | 1h | 4,317.9 | long leg | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,319.3 | +0.033% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,314.9 | −0.069% | $2K | $3.3M | 20x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
Gate 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 | 4,322.7 | +0.111% | $7.9M | $846K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,320.7 | +0.064% | $902K | $775K | 75x | as long as short |
| Aster PAXGUSDT | +0.0013% | 4h | 4,320 | +0.049% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.681% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDTshort | +0.0045% | 1h | 4,317.3 | −0.013% | $261K | $773K | 50x | |
| Bitget PAXGUSDT | +0.0094% | 4h | 4,318.2 | +0.008% | $9.4M | $16.4M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,318.1 | +0.006% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,316.9 | −0.023% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,319 | +0.026% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.2 | +0.030% | $1.0M | $306K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,319.4 | +0.035% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,319.4 | +0.036% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,319.5 | +0.037% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,317.9 | +0.001% | $1.3M | $826K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,316.8 | −0.025% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.044% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.4 | −0.011% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,322.2 | +0.099% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0824% | 1h | 4,329 | +0.258% | $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
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD