Funding you earn now, next payment 05:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h −0.027%
Price spread now: MEXC against Backpack−0.047%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.270%−$27 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. MEXC is 0.047% cheaper against Backpack than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 27 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.270%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PYTH_USDC_PERP | 0.06338 | −0.0105 | get 0.0013% / 1h | 8m 42s | $38K | $63K | 10x |
| Short | MEXC PYTH_USDT | 0.06335 | 0.0036 | get 0.0018% / 4h | 3h 08m | $10.7M | $2.9M | 125x |
Backpack PYTH_USDC_PERP
MEXC PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $29.71
- Price spread: −0.047% → 0.000%
- −$4.73
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $14.97
- Costs to cover
- 0.100%
- Break-even
- 3.5 days
Slippage unknown: Backpack: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago | 1.57 bp | 5.5 bp −$6 | 12.1 bp −$121 | 91.6 bp −$9,159 | 210.9 bp −$105.4K |
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 | −0.158% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERPlong | −0.0105% | 1h | 0.06338 | long leg | $38K | $63K | 10x | |
| Gate PYTH_USDT | −0.0038% | 4h | 0.06326 | −0.189% | $1.0M | $518K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06350 | +0.186% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.231% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDTshort | +0.0036% | 4h | 0.06335 | −0.047% | $10.7M | $2.9M | 125x | |
| Binance PYTHUSDT | +0.0036% | 4h | 0.06336 | −0.032% | $9.1M | $18.4M | 75x | as long as short |
| BloFin PYTH-USDT | +0.0037% | 4h | 0.06340 | +0.032% | $426K | $77K | 75x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06330 | −0.126% | $23K | — | 3x | as long as short |
| Aster PYTHUSDT | +0.0092% | 4h | 0.06344 | +0.096% | $20K | $45K | 10x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
Binance PYTHUSDT
BloFin 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 | 0.06341 | +0.047% | $194K | $211K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06332 | −0.098% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06339 | +0.009% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06338 | 0.000% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06336 | −0.032% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06332 | −0.095% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06331 | −0.110% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06334 | −0.063% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | +0.194% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06332 | −0.092% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +2.446% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0300% | 1h | 0.06333 | −0.079% | $387K | $301K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06329 | −0.136% | — | — | 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