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−0.0033%/8h= −3.6% APRpaid last 24h −0.041%
Price spread now: Injective against Aster−2.936%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 fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 2.936% cheaper against Aster than usual: you would sell low and buy high (−$294 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PYTHUSDT0.064490.0066pay 0.0033% / 4h5m 16s$20K$45K10x
ShortInjective PYTH/USDC PERP0.062600.0033get 0.0004% / 1h5m 16s$553$220K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$6.92
Price spread: −2.936% → 0.000%
−$293.61
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$308.55
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Injective: 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 Injective no order-book sample
Aster and Injective: 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
Deribit PYTH_USDC-PERPETUAL−0.0371%1h0.06437−0.192%$10K$10K10xas long as short
Gate PYTH_USDT−0.0092%4h0.06434−0.238%$1.1M$519K75xas long as short
dYdX PYTH-USD0.0000%1h0.06456+0.098%$192K$195xas long as short
Injective PYTH/USDC PERPshort+0.0033%1h0.06260−2.936%$553$220K5.5x
Binance PYTHUSDT+0.0058%4h0.06437−0.192%$9.2M$18.3M75xas long as short
MEXC PYTH_USDT+0.0062%4h0.06438−0.176%$10.5M$2.7M125xas long as short
Aster PYTHUSDTlong+0.0066%4h0.06449long leg$20K$45K10x
BloFin PYTH-USDT+0.0075%4h0.06435−0.223%$433K$81K75xas long as short
Lighter PYTH+0.0096%1h0.06448−0.021%$193K$210K5xas long as short
Aevo PYTH-PERP+0.0096%1h0.06437−0.185%$23K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PYTH-USD-PERP+0.0100%8h0.06434−0.244%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06448−0.021%$2.3M$1.8M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06440−0.145%$7.6M$4.8M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06438−0.176%$2.1M$3.5M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06443−0.099%$1.5M$351K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06441−0.130%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06438−0.176%$2.7Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06446−0.052%$37K$60K10xas long as short
Variational Omni PYTH+0.0100%4h0.06443−0.093%$39K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06441−0.137%$2K$2K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0104%1h0.06493+0.677%$40K$19K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06436−0.212%20xas long as short
Kraken Futures PF_PYTHUSD+0.0406%1h0.06446−0.047%$397K$294K25xas long as short