Funding you earn now, next payment 23:00 UTC0.0000%/8h= −0.1% APRpaid last 24h −0.003%
Price spread now: Paradex against Backpack−0.233%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.233% cheaper against Backpack than usual: you would sell low and buy high, −$23 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PYTH_USDC_PERP | 0.06328 | 0.0100 | pay 0.0013% / 1h | 0m 52s | $36K | $89K | 10x |
| Short | Paradex PYTH-USD-PERP | 0.06313 | 0.0100 | get 0.0100% / 8h | 1h 00m | $3K | $56 | 10x |
Backpack PYTH_USDC_PERP
Paradex PYTH-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$0.1
- Price spread: −0.233% → 0.000%
- −$23.35
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$37.45
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Paradex: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack no order-book sample | — | — | — | — | — |
| Sell Paradex no order-book sample | — | — | — | — | — |
Backpack and Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −1.075% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0207% | 1h | 0.06316 | −0.183% | $379K | $261K | 25x | as long as short |
| Binance PYTHUSDT | −0.0101% | 4h | 0.06320 | −0.120% | $9.1M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0100% | 4h | 0.06321 | −0.111% | $9.5M | $2.4M | 125x | as long as short |
| BloFin PYTH-USDT | −0.0044% | 4h | 0.06313 | −0.237% | $421K | $115K | 75x | as long as short |
| Gate PYTH_USDT | −0.0022% | 4h | 0.06317 | −0.174% | $1.1M | $483K | 75x | as long as short |
| Bybit PYTHUSDT | −0.0012% | 4h | 0.06322 | −0.095% | $7.5M | $4.7M | 50x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06326 | −0.030% | $188K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06320 | −0.126% | $10K | $10K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0056% | 1h | 0.06315 | −0.205% | $23K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
MEXC PYTH_USDT
BloFin PYTH-USDT
Gate PYTH_USDT
Bybit PYTHUSDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0059% | 4h | 0.06319 | −0.146% | $25K | $40K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06327 | −0.016% | $39K | $6K | 25x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06322 | −0.095% | $201K | $216K | 5x | as long as short |
| Paradex PYTH-USD-PERPshort | +0.0100% | 8h | 0.06313 | −0.233% | $3K | $56 | 10x | |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06325 | −0.054% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06321 | −0.111% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06326 | −0.032% | $1.5M | $313K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06320 | −0.126% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06322 | −0.095% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERPlong | +0.0100% | 1h | 0.06328 | long leg | $36K | $89K | 10x | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06290 | −0.606% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06314 | −0.224% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06311 | −0.274% | — | — | 20x | as long as short |
Aster PYTHUSDT
Coinbase International PYTH-PERP-INTX
Lighter PYTH
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP