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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.003%
Price spread now: Orderly against Aevo−0.017%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PYTH-PERP0.063750.0080pay 0.0010% / 1h18m 31s$23K3x
ShortOrderly PERP_PYTH_USDC_mythos0.063740.0100get 0.0050% / 4h1h 18m$3K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$4.2
Price spread: −0.017% → 0.000%
−$1.73
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$19.53
Costs to cover
0.220%
Break-even
39.5 days
Slippage unknown: Aevo: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample
Aevo and Orderly: 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
Backpack PYTH_USDC_PERP−0.0374%1h0.06386+0.166%$39K$50K10xas long as short
Gate PYTH_USDT−0.0202%4h0.06379+0.063%$1.0M$503K75xas long as short
BloFin PYTH-USDT−0.0024%4h0.06371−0.063%$353K$87K75xas long as short
dYdX PYTH-USD0.0000%1h0.06383+0.122%$190K$195xas long as short
MEXC PYTH_USDT0.0000%4h0.06386+0.173%$9.5M$2.5M125xas long as short
Binance PYTHUSDT+0.0004%4h0.06399+0.376%$9.2M$17.8M75xas long as short
Aster PYTHUSDT+0.0019%4h0.06380+0.076%$20K$46K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.804%$553$220K5.5xas long as short
Aevo PYTH-PERPlong+0.0080%1h0.06375long leg$23K3x
Lighter PYTH+0.0096%1h0.06388+0.204%$192K$204K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PYTH-USD-PERP+0.0100%8h0.06373−0.028%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06401+0.411%$2.1M$1.7M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06398+0.361%$7.6M$4.7M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06399+0.376%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06382+0.110%$1.5M$342K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06398+0.361%$2.7M$2.1M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06391+0.251%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06367−0.128%$38K$25Kas long as short
Orderly PERP_PYTH_USDC_mythosshort+0.0100%4h0.06374−0.017%$3K$2K10x
Coinbase International PYTH-PERP-INTX+0.0176%1h0.06385+0.157%$40K$18K25xas long as short
Kraken Futures PF_PYTHUSD+0.0300%1h0.06385+0.153%$390K$291K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06391+0.253%20xas long as short
Deribit PYTH_USDC-PERPETUAL+0.0534%1h0.06386+0.173%$10K$10K10xas long as short