Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.003%
Price spread now: BloFin against Aevo−0.081%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.081% cheaper against Aevo than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PYTH-PERP0.063000.0088pay 0.0011% / 1h40m 34s$22K3x
ShortBloFin PYTH-USDT0.062950.0057get 0.0029% / 4h1h 40m$420K$115K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$6.43
Price spread: −0.081% → 0.000%
−$8.1
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$42.53
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 40 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell BloFin live order book, 40 min ago0.79 bp9.8 bp −$1024.7 bp −$247doesn't fitdoesn't fit
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PYTH/USDC PERP−0.0428%1h0.06260−0.636%$553$220K5.5xas long as short
Kraken Futures PF_PYTHUSD−0.0208%1h0.06305+0.073%$383K$252K25xas long as short
Bybit PYTHUSDT−0.0042%4h0.06308+0.125%$7.4M$5.1M50xas long as short
Gate PYTH_USDT−0.0016%4h0.06302+0.030%$1.1M$478K75xas long as short
dYdX PYTH-USD0.0000%1h0.06313+0.206%$187K$195xas long as short
Backpack PYTH_USDC_PERP+0.0020%1h0.06311+0.167%$38K$88K10xas long as short
Binance PYTHUSDT+0.0021%4h0.06302+0.026%$9.1M$17.0M75xas long as short
MEXC PYTH_USDT+0.0022%4h0.06303+0.046%$9.2M$2.3M125xas long as short
BloFin PYTH-USDTshort+0.0057%4h0.06295−0.081%$420K$115K75x
Deribit PYTH_USDC-PERPETUAL+0.0067%1h0.06313+0.205%$10K$10K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International PYTH-PERP-INTX+0.0080%1h0.06431+2.078%$40K$6K25xas long as short
Aevo PYTH-PERPlong+0.0088%1h0.06300long leg$22K3x
Lighter PYTH+0.0096%1h0.06312+0.189%$198K$208K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06302+0.027%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06310+0.156%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06306+0.096%$25K$40K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06305+0.078%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06308+0.125%$1.5M$315K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06308+0.125%$2.6M$2.0M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06306+0.094%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06271−0.463%$44K$22Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06301+0.014%$3K$1K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06303+0.052%20xas long as short