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+0.0038%/8h= +4.1% APRpaid last 24h +0.004%
Price spread now: Coinbase International against Aster+0.677%54s7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.677% dearer against Aster than usual: you sell high and buy low: +$68 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PYTHUSDT0.064490.0066pay 0.0033% / 4h5m 21s$20K$45K10x
ShortCoinbase International PYTH-PERP-INTX0.064930.0104get 0.0013% / 1h5m 21s$40K$19K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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
$7.92
Price spread: +0.677% → 0.000%
$67.74
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$57.66
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Coinbase International: 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 Aster no order-book sample
Sell Coinbase International no order-book sample
Aster and Coinbase International: 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
Gate PYTH_USDT−0.0092%4h0.06434−0.237%$1.1M$519K75xas long as short
Deribit PYTH_USDC-PERPETUAL−0.0060%1h0.06449−0.005%$10K$10K10xas long as short
dYdX PYTH-USD0.0000%1h0.06456+0.099%$192K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−2.935%$553$220K5.5xas long as short
Binance PYTHUSDT+0.0058%4h0.06439−0.160%$9.2M$18.3M75xas long as short
MEXC PYTH_USDT+0.0062%4h0.06438−0.175%$10.5M$2.7M125xas long as short
Aster PYTHUSDTlong+0.0066%4h0.06449long leg$20K$45K10x
Lighter PYTH+0.0096%1h0.06449−0.005%$193K$210K5xas long as short
Aevo PYTH-PERP+0.0096%1h0.06437−0.185%$23K3xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06434−0.243%$3K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PYTH+0.0100%1h0.06448−0.020%$2.3M$1.8M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06440−0.144%$7.6M$4.8M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06438−0.175%$2.1M$3.5M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06449−0.005%$1.5M$351K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06441−0.129%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06440−0.144%$2.7Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06450+0.014%$37K$60K10xas long as short
Variational Omni PYTH+0.0100%4h0.06443−0.092%$39K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06441−0.137%$2K$2K10xas long as short
BloFin PYTH-USDT+0.0102%4h0.06456+0.104%$431K$81K75xas long as short
Coinbase International PYTH-PERP-INTXshort+0.0104%1h0.06493+0.677%$40K$19K25x
Reya PYTHRUSDPERP+0.0302%1h0.06436−0.211%20xas long as short
Kraken Futures PF_PYTHUSD+0.0406%1h0.06450+0.007%$398K$294K25xas long as short