Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Deribit against Variational Omni+0.107%7-day average +0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.110%−$11 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.107%, 7d avg +0.057%
=Together, before fees−0.134%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.051% dearer against Variational Omni than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.057%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PAXG | 4,332.7 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $12.2M | $279K | — |
| Short | Deribit PAXG_USDC-PERPETUAL | 4,337.4 | 0 | get 0.0000% / 1h | 55m 33s | $7.9M | $180K | 50x |
Variational Omni PAXG
Deribit PAXG_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational 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
- −$21
- Price spread: +0.107% → +0.057%
- $5.09
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$22.91
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Deribit: live order book, 2 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 2 min ago | 2.83 bp | doesn't fit | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 4.70 bp | 8.3 bp −$8 | 15.0 bp −$150 | doesn't fit | doesn't fit |
PAXG on 29 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | −0.1057% | 1h | 4,332.7 | 0.000% | $117K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,337.9 | +0.119% | $15.7M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,330.2 | −0.059% | $2K | $2.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALshort | 0.0000% | 1h | 4,337.4 | +0.107% | $7.9M | $180K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,337.8 | +0.116% | $913K | $821K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.336% | $1K | $151K | 30x | as long as short |
| Lighter PAXG | +0.0056% | 1h | 4,334.4 | +0.038% | $1.4M | $498K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0092% | 4h | 4,335.9 | +0.072% | $1.5M | $2.0M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,334.6 | +0.043% | $80K | $4.3M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,335.9 | +0.073% | $21.3M | $2.6M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
GRVT PAXG_USDT_Perp
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,336.1 | +0.077% | $908K | $41K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,337.3 | +0.105% | $1.0M | $303K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,336.2 | +0.081% | $80.3M | $81.4M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,336.6 | +0.088% | $14.9M | $4.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,336.8 | +0.093% | $16.6M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,339.3 | +0.150% | $28.9M | $5.9M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,335.7 | +0.067% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,336.1 | +0.077% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,335 | +0.053% | $1.2M | $873K | 50x | as long as short |
| Variational Omni PAXGlong | +0.0100% | 4h | 4,332.7 | long leg | $12.2M | $279K | — | |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,334.7 | +0.046% | $262K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,332.6 | −0.003% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,329 | −0.086% | $1.5M | $81K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,334.8 | +0.048% | $374K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0187% | 1h | 4,335 | +0.052% | $1.2M | $2.1M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333 | +0.007% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0264% | 1h | 4,332.6 | −0.004% | $934K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-P | +0.0312% | 1h | 4,337.3 | +0.104% | $43K | $181K | 20x | as long as short |
| 01 Exchange PAXGUSD | +0.0944% | 1h | 4,347.7 | +0.345% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
Hibachi PAXG/USDT-P
01 Exchange PAXGUSD