Funding you earn now, next payment 09:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.03 per $10,000 · paid last 24h −0.006%
Price spread now: ApeX Omni against Hyperliquid+0.056%85s7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as 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−$260.264% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.056%, 7d avg −0.026%
=Together, before fees−0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.081% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.026%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. The two prices were read 85 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 | Hyperliquid PAXG | 4,301.7 | 0.0100 | pay 0.0013% / 1h | 35m 57s | $21.0M | $2.6M | 10x |
| Short | ApeX Omni PAXGUSDT | 4,304.1 | 0.0079 | get 0.0010% / 1h | 35m 57s | $261K | $772K | 50x |
Hyperliquid PAXG
ApeX Omni PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. 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
- −$4.4
- Price spread: +0.056% → −0.026%
- $8.12
- Slippage, 4 orders
- −$7.35
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$22.63
- Costs to cover
- 0.264%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; ApeX Omni: live order book, 63 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 Hyperliquid live order book, 7 min ago | 0.12 bp | 5.6 bp −$6 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 63 min ago | 2.72 bp | 8.0 bp −$8 | 68.5 bp −$685 | 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 | 4,300.8 | −0.020% | $1.4M | $615K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,304.5 | +0.064% | $42K | $172K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0166% | 4h | 4,304.3 | +0.061% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,303.6 | +0.045% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | −0.0007% | 1h | 4,306.2 | +0.106% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,303.9 | +0.051% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,298.2 | −0.082% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,306.9 | +0.122% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,308 | +0.147% | $904K | $818K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0012% | 4h | 4,309.7 | +0.186% | $16.8M | $1.2M | 100x | 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
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0014% | 4h | 4,302.3 | +0.014% | $80.1M | $79.8M | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,301 | −0.016% | $374K | $1.5M | 25x | as long as short |
| Aster PAXGUSDT | +0.0027% | 4h | 4,302.6 | +0.022% | $899K | $33K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0028% | 4h | 4,302.5 | +0.018% | $9.4M | $15.6M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.060% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDTshort | +0.0079% | 1h | 4,304.1 | +0.056% | $261K | $772K | 50x | |
| Paradex PAXG-USD-PERP | +0.0096% | 8h | 4,302.1 | +0.009% | $81K | $4.3M | 50x | as long as short |
| Hyperliquid PAXGlong | +0.0100% | 1h | 4,301.7 | long leg | $21.0M | $2.6M | 10x | |
| Pacifica PAXG | +0.0100% | 1h | 4,304.8 | +0.072% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,302.8 | +0.026% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,304.4 | +0.062% | $28.7M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,303.4 | +0.040% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,303 | +0.030% | $1.2M | $856K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,302.7 | +0.024% | $12.2M | $230K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,302.6 | +0.021% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,303 | +0.030% | $1.5M | $67K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,302.3 | +0.013% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309 | +0.170% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0824% | 1h | 4,313.9 | +0.284% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
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