PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.008%

Price spread now: Bybit against Binance+0.043%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1001.004% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.043%, 7d avg +0.045%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PYTHUSDT	0.06379	0.0078	pay 0.0039% / 4h	3h 34m	$9.1M	$18.3M	75x
Short	Bybit PYTHUSDT	0.06382	0.0100	get 0.0050% / 4h	3h 34m	$7.5M	$4.8M	50x

Funding history

latest

Range statsloading…

Bybit against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now +0.043%Rate

Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 4 min ago.

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, 6 min ago	0.78 bp	15.5 bp −$15	42.1 bp −$421	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.35 bp	36.3 bp −$36	144.0 bp −$1,440	doesn't fit	doesn't fit

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	−0.0219%	1h	0.06388	+0.137%	$10K	$10K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06388	+0.136%	$190K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.869%	$553	$220K	5.5x	as long as short
BloFin PYTH-USDT	+0.0050%	4h	0.06380	+0.012%	$430K	$78K	75x	as long as short
MEXC PYTH_USDT	+0.0078%	4h	0.06381	+0.027%	$10.4M	$2.7M	125x	as long as short
Binance PYTHUSDTlong	+0.0078%	4h	0.06379	long leg	$9.1M	$18.3M	75x
Aster PYTHUSDT	+0.0092%	4h	0.06391	+0.181%	$20K	$45K	10x	as long as short
Lighter PYTH	+0.0096%	1h	0.06392	+0.200%	$193K	$208K	5x	as long as short
Aevo PYTH-PERP	+0.0096%	1h	0.06391	+0.181%	$23K	—	3x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06379	−0.008%	$3K	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PYTH	+0.0100%	1h	0.06393	+0.217%	$2.3M	$1.8M	5x	as long as short
Bybit PYTHUSDTshort	+0.0100%	4h	0.06382	+0.043%	$7.5M	$4.8M	50x
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06380	+0.012%	$2.1M	$3.5M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06378	−0.020%	$1.1M	$518K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06386	+0.106%	$1.5M	$346K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06384	+0.074%	$2.7M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06382	+0.043%	—	$2.7M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06392	+0.200%	$38K	$63K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06383	+0.065%	$39K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06384	+0.078%	$2K	$2K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0152%	1h	0.06493	+1.783%	$40K	$19K	25x	as long as short
Kraken Futures PF_PYTHUSD	+0.0297%	1h	0.06389	+0.145%	$394K	$297K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06379	−0.005%	—	—	20x	as long as short