Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.011%
Price spread now: BloFin against Binance0.000%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$520.523% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 3 days (all we have)−0.402%−$40 · spread now 0.000%, 7d avg −0.021%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.021% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PYTHUSDT | 0.06329 | 0.0026 | pay 0.0013% / 4h | 2h 15m | $9.1M | $16.0M | 75x |
| Short | BloFin PYTH-USDT | 0.06329 | 0.0054 | get 0.0027% / 4h | 2h 15m | $422K | $117K | 75x |
Binance PYTHUSDT
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $5.96
- Price spread: 0.000% → −0.021%
- $2.14
- Slippage, 4 orders
- −$30.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$44.19
- Costs to cover
- 0.523%
- Break-even
- 58.9 days
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 5 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, 11 min ago | 0.79 bp | 14.8 bp −$15 | 43.6 bp −$436 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.79 bp | 9.8 bp −$10 | 24.7 bp −$247 | doesn't fit | doesn't fit |
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 | −0.0586% | 1h | 0.06350 | +0.332% | $561 | $180K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0538% | 1h | 0.06337 | +0.126% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06339 | +0.154% | $384K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0026% | 4h | 0.06332 | +0.047% | $1.1M | $466K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06344 | +0.232% | $188K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0022% | 4h | 0.06328 | −0.016% | $9.3M | $2.4M | 125x | as long as short |
| Binance PYTHUSDTlong | +0.0026% | 4h | 0.06329 | long leg | $9.1M | $16.0M | 75x | |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.612% | $40K | $6K | 25x | as long as short |
| BloFin PYTH-USDTshort | +0.0054% | 4h | 0.06329 | 0.000% | $422K | $117K | 75x | |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06330 | +0.016% | $23K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | +0.0095% | 4h | 0.06334 | +0.079% | $7.4M | $4.9M | 50x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06341 | +0.190% | $196K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06328 | −0.018% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06337 | +0.128% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06337 | +0.126% | $20K | $24K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06331 | +0.032% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06338 | +0.142% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06340 | +0.174% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06334 | +0.079% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06338 | +0.138% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06334 | +0.074% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0203% | 1h | 0.06338 | +0.139% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06331 | +0.034% | — | — | 20x | as long as short |
Bybit PYTHUSDT
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP