Funding you earn now, next payment 06:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.004%
Price spread now: ApeX Omni against Phemex−0.034%77s7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$720.722% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.034%, 7d avg +0.028%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.062% cheaper against Phemex than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.028%). Swap the legs. The two prices were read 77 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 | Phemex PAXGUSDT | 4,327 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $1.5M | $34K | 50x |
| Short | ApeX Omni PAXGUSDT | 4,325.5 | −0.0024 | pay 0.0003% / 1h | 26m 00s | $262K | $783K | 50x |
Phemex PAXGUSDT
ApeX Omni PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX 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
- −$26.11
- Price spread: −0.034% → +0.028%
- −$6.18
- Slippage, 4 orders
- −$50.23
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$104.51
- Costs to cover
- 0.722%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; ApeX Omni: live order book, 23 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 Phemex live order book, 2 min ago | 4.63 bp | 26.3 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 23 min ago | 2.79 bp | 8.1 bp −$8 | 70.1 bp −$701 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,325.2 | −0.043% | $40K | $165K | 20x | as long as short |
| Lighter PAXG | −0.0136% | 1h | 4,325.5 | −0.035% | $1.4M | $387K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,328.2 | +0.028% | $1.3M | $1.6M | 20x | as long as short |
| ApeX Omni PAXGUSDTshort | −0.0024% | 1h | 4,325.5 | −0.034% | $262K | $783K | 50x | |
| GRVT PAXG_USDT_Perp | −0.0002% | 4h | 4,326.4 | −0.014% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,325.5 | −0.036% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,328.9 | +0.044% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,323.1 | −0.090% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,331.2 | +0.096% | $7.9M | $839K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,330.7 | +0.085% | $902K | $716K | 75x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0032% | 1h | 4,326.7 | −0.007% | $379K | $1.4M | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.469% | $1K | $151K | 30x | as long as short |
| Binance PAXGUSDT | +0.0033% | 4h | 4,328.7 | +0.040% | $79.7M | $72.9M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0034% | 4h | 4,330.6 | +0.083% | $16.1M | $1.0M | 100x | as long as short |
| Aster PAXGUSDT | +0.0063% | 4h | 4,328.3 | +0.030% | $903K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0077% | 1h | 4,327.7 | +0.016% | $20.8M | $2.4M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,327.6 | +0.013% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,326.7 | −0.007% | $555 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,328.4 | +0.032% | $1.0M | $349K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,327.9 | +0.021% | $14.8M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,329.4 | +0.056% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,328.1 | +0.026% | $9.8M | $15.6M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,328.7 | +0.040% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327.7 | +0.015% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.4 | −0.013% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,327 | long leg | $1.5M | $34K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,326.9 | −0.002% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,328.9 | +0.043% | $952K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0808% | 1h | 4,337.5 | +0.243% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
Injective PAXG/USDC PERP
Binance PAXGUSDT
MEXC PAXG_USDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD