Funding you earn now, next payment 00:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.41 per $10,000 · paid last 24h +0.010%
Price spread now: BingX against Binance+0.095%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 7 days−0.077%−$8 · spread now +0.095%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.067% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PYTHUSDT | 0.06300 | 0.0017 | pay 0.0009% / 4h | 1h 38m | $9.1M | $17.0M | 75x |
| Short | BingX PYTH-USDT | 0.06306 | 0.0100 | get 0.0050% / 4h | 1h 38m | — | $2.8M | — |
Binance PYTHUSDT
BingX PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- $17.39
- Price spread: +0.095% → +0.028%
- $6.68
- Slippage, 4 orders
- −$36.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$32.17
- Costs to cover
- 0.562%
- Break-even
- 19.9 days
Slippage from Binance: live order book, 2 min ago; BingX: live order book, 11 min ago.
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 Binance live order book, 2 min ago | 1.59 bp | 11.2 bp −$11 | 30.3 bp −$303 | 412.1 bp −$41.2K | doesn't fit |
| Sell BingX live order book, 11 min ago | 3.20 bp | 14.9 bp −$15 | 36.0 bp −$360 | 154.8 bp −$15.5K | 431.1 bp −$215.6K |
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 | −0.635% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06299 | −0.017% | $383K | $252K | 25x | as long as short |
| Bybit PYTHUSDT | −0.0028% | 4h | 0.06306 | +0.095% | $7.4M | $5.1M | 50x | as long as short |
| Gate PYTH_USDT | −0.0008% | 4h | 0.06304 | +0.063% | $1.1M | $478K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06313 | +0.207% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06311 | +0.175% | $10K | $10K | 10x | as long as short |
| Binance PYTHUSDTlong | +0.0017% | 4h | 0.06300 | long leg | $9.1M | $17.0M | 75x | |
| MEXC PYTH_USDT | +0.0020% | 4h | 0.06302 | +0.032% | $9.2M | $2.3M | 125x | as long as short |
| BloFin PYTH-USDT | +0.0068% | 4h | 0.06297 | −0.048% | $420K | $115K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.079% | $40K | $6K | 25x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Bybit PYTHUSDT
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | +0.0087% | 1h | 0.06307 | +0.111% | $38K | $88K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06300 | 0.000% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06308 | +0.127% | $197K | $208K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06309 | +0.143% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06305 | +0.081% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06302 | +0.034% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06305 | +0.079% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06309 | +0.143% | $1.5M | $315K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06306 | +0.095% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDTshort | +0.0100% | 4h | 0.06306 | +0.095% | — | $2.8M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06304 | +0.060% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06306 | +0.089% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06304 | +0.065% | — | — | 20x | as long as short |
Backpack PYTH_USDC_PERP
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP