Funding you earn now, next payment 05:00 UTC+0.0134%/8h= +14.6% APRpaid last 24h −0.013%
Price spread now: BloFin against Backpack−0.079%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.260%−$26 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BloFin is 0.079% cheaper against Backpack than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 47 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.260%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PYTH_USDC_PERP | 0.06345 | −0.0097 | get 0.0012% / 1h | 9m 12s | $38K | $63K | 10x |
| Short | BloFin PYTH-USDT | 0.06340 | 0.0037 | get 0.0019% / 4h | 3h 09m | $426K | $77K | 75x |
Backpack PYTH_USDC_PERP
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $28.09
- Price spread: −0.079% → 0.000%
- −$7.88
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1.79
- Costs to cover
- 0.220%
- Break-even
- 7.4 days
Slippage unknown: Backpack: no order-book sample; BloFin: live order book, 21 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 21 min ago | 4.69 bp | 12.1 bp −$12 | 32.7 bp −$327 | 109.9 bp −$11.0K | doesn't fit |
Backpack: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0224% | 1h | 0.06328 | −0.268% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERPlong | −0.0097% | 1h | 0.06345 | long leg | $38K | $63K | 10x | |
| Gate PYTH_USDT | −0.0026% | 4h | 0.06332 | −0.205% | $1.0M | $518K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06350 | +0.076% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.340% | $553 | $220K | 5.5x | as long as short |
| Binance PYTHUSDT | +0.0036% | 4h | 0.06327 | −0.284% | $9.0M | $18.4M | 75x | as long as short |
| BloFin PYTH-USDTshort | +0.0037% | 4h | 0.06340 | −0.079% | $426K | $77K | 75x | |
| MEXC PYTH_USDT | +0.0044% | 4h | 0.06328 | −0.268% | $10.6M | $2.9M | 125x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06330 | −0.236% | $23K | — | 3x | as long as short |
| Aster PYTHUSDT | +0.0094% | 4h | 0.06338 | −0.102% | $20K | $45K | 10x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
Binance PYTHUSDT
MEXC PYTH_USDT
Aevo PYTH-PERP
Aster PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06336 | −0.142% | $194K | $211K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06336 | −0.149% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06344 | −0.011% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06331 | −0.221% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06329 | −0.252% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06342 | −0.047% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06329 | −0.252% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06331 | −0.221% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | +0.084% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06332 | −0.202% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +2.333% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0300% | 1h | 0.06333 | −0.190% | $387K | $301K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06329 | −0.246% | — | — | 20x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP