Funding you earn now, next payment 02:00 UTC−0.0431%/8h= −47.2% APRpaid last 24h −0.005%
Price spread now: Variational Omni against Backpack−0.306%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Variational Omni is 0.306% cheaper against Backpack than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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 | 0.06361 | 0.0531 | pay 0.0066% / 1h | 53m 15s | $38K | $93K | 10x |
| Short | Variational Omni PYTH | 0.06342 | 0.0100 | get 0.0050% / 4h | 2h 53m | $38K | $27K | — |
Backpack PYTH_USDC_PERP
Variational Omni PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$90.61
- Price spread: −0.306% → 0.000%
- −$30.63
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$131.23
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Variational Omni: 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 Variational Omni no order-book sample | — | — | — | — | — |
Backpack and Variational Omni: 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PYTHUSDT | −0.0121% | 4h | 0.06378 | +0.267% | $9.2M | $17.8M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0120% | 4h | 0.06376 | +0.236% | $9.6M | $2.4M | 125x | as long as short |
| BloFin PYTH-USDT | −0.0078% | 4h | 0.06334 | −0.424% | $429K | $112K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06505 | +2.264% | $40K | $18K | 25x | as long as short |
| Aster PYTHUSDT | −0.0018% | 4h | 0.06356 | −0.086% | $20K | $46K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06362 | +0.015% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.588% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06377 | +0.256% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06385 | +0.377% | $191K | $204K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06360 | −0.014% | $3K | — | 10x | as long as short |
Binance PYTHUSDT
MEXC PYTH_USDT
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06375 | +0.226% | $2.0M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06381 | +0.314% | $7.6M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06379 | +0.283% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06366 | +0.079% | $1.1M | $489K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06371 | +0.157% | $1.5M | $333K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06378 | +0.267% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06370 | +0.141% | — | $2.8M | — | as long as short |
| Variational Omni PYTHshort | +0.0100% | 4h | 0.06342 | −0.306% | $38K | $27K | — | |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06372 | +0.179% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06371 | +0.158% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0375% | 1h | 0.06385 | +0.379% | $392K | $291K | 25x | as long as short |
| Backpack PYTH_USDC_PERPlong | +0.0531% | 1h | 0.06361 | long leg | $38K | $93K | 10x | |
| Deribit PYTH_USDC-PERPETUAL | +0.1317% | 1h | 0.06391 | +0.472% | $10K | $10K | 10x | as long as short |
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL