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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0031%/8h= +3.3% APRpaid last 24h +0.009%
Price spread now: Hyperliquid against Aster+0.084%7-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 · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.084% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PYTHUSDT0.064670.0069pay 0.0035% / 4h8m 53s$21K$45K10x
ShortHyperliquid PYTH0.064730.0100get 0.0013% / 1h8m 53s$2.3M$1.8M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$6.41
Price spread: +0.084% → 0.000%
$8.37
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$2.22
Costs to cover
0.170%
Break-even
9.4 days
Slippage unknown: Aster: no order-book sample; Hyperliquid: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Hyperliquid live order book, 2 min ago3.78 bp20.2 bp −$20doesn't fitdoesn't fitdoesn't fit
Aster: 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−0.0074%4h0.06454−0.202%$1.1M$519K75xas long as short
Deribit PYTH_USDC-PERPETUAL−0.0059%1h0.06469+0.030%$10K$10K10xas long as short
dYdX PYTH-USD0.0000%1h0.06471+0.057%$192K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−3.202%$553$220K5.5xas long as short
MEXC PYTH_USDT+0.0060%4h0.06464−0.048%$10.5M$2.7M125xas long as short
Binance PYTHUSDT+0.0061%4h0.06461−0.094%$9.3M$18.3M75xas long as short
Aster PYTHUSDTlong+0.0069%4h0.06467long leg$21K$45K10x
Lighter PYTH+0.0096%1h0.06471+0.060%$193K$210K5xas long as short
Aevo PYTH-PERP+0.0096%1h0.06465−0.031%$23K3xas long as short
BloFin PYTH-USDT+0.0099%4h0.06462−0.079%$431K$81K75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PYTH-USD-PERP+0.0100%8h0.06467+0.001%$3K10xas long as short
Hyperliquid PYTHshort+0.0100%1h0.06473+0.084%$2.3M$1.8M5x
Bybit PYTHUSDT+0.0100%4h0.06462−0.079%$7.6M$4.8M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06463−0.063%$2.1M$3.5M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06465−0.032%$1.5M$351K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06460−0.110%$2.8M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06461−0.094%$2.7Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06471+0.064%$37K$60K10xas long as short
Variational Omni PYTH+0.0100%4h0.06472+0.081%$39K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06470+0.053%$2K$2K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0104%1h0.06493+0.401%$40K$19K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06469+0.028%20xas long as short
Kraken Futures PF_PYTHUSD+0.0405%1h0.06473+0.088%$399K$294K25xas long as short