Funding you earn now, next payment 00:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h −0.019%
Price spread now: dYdX against Binance+0.084%7-day average +0.127% · you sell dearer than you buy
Net, funding: paid 7d − costs−$280as in the Funding arb table
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$2692.685% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.084%, 7d avg +0.127%
=Funding pays, the price is against you. dYdX is 0.042% cheaper against Binance than usual: you would sell low and buy high (spread +0.084% now, against its 7-day average of +0.127%). If the spread goes back, that is −$4 on $10k: about 18 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.113%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PYTHUSDT | 0.06320 | −0.0188 | get 0.0094% / 4h | 10m 00s | $9.0M | $17.2M | 75x |
| Short | dYdX PYTH-USD | 0.06325 | 0 | get 0.0000% / 1h | 10m 00s | $188K | $19 | 5x |
Binance PYTHUSDT
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $39.56
- Price spread: +0.084% → +0.127%
- −$4.22
- Slippage, 4 orders
- −$248.53
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$233.2
- Costs to cover
- 2.685%
- Break-even
- 48.3 days
Slippage from Binance: live order book, 16 min ago; dYdX: live order book, 4 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, 16 min ago | 1.59 bp | 14.3 bp −$14 | 32.3 bp −$323 | 426.5 bp −$42.6K | doesn't fit |
| Sell dYdX live order book, 4 min ago | 113.82 bp | 118.8 bp −$119 | 253.2 bp −$2,532 | 459.0 bp −$45.9K | 1161.2 bp −$580.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSD | −0.0399% | 1h | 0.06325 | +0.085% | $376K | $264K | 25x | as long as short |
| Binance PYTHUSDTlong | −0.0188% | 4h | 0.06320 | long leg | $9.0M | $17.2M | 75x | |
| MEXC PYTH_USDT | −0.0188% | 4h | 0.06321 | +0.022% | $9.4M | $2.4M | 125x | as long as short |
| BloFin PYTH-USDT | −0.0159% | 4h | 0.06313 | −0.104% | $420K | $114K | 75x | as long as short |
| Aster PYTHUSDT | −0.0022% | 4h | 0.06328 | +0.125% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06325 | +0.084% | $188K | $19 | 5x | |
| Bybit PYTHUSDT | +0.0018% | 4h | 0.06324 | +0.070% | $7.5M | $4.8M | 50x | as long as short |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06326 | +0.100% | $23K | — | 3x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.943% | $553 | $220K | 5.5x | as long as short |
| Gate PYTH_USDT | +0.0046% | 4h | 0.06317 | −0.041% | $1.1M | $477K | 75x | as long as short |
Kraken Futures PF_PYTHUSD
MEXC PYTH_USDT
BloFin PYTH-USDT
Aster PYTHUSDT
Bybit PYTHUSDT
Aevo PYTH-PERP
Injective PYTH/USDC PERP
Gate PYTH_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06328 | +0.133% | $201K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06319 | −0.006% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06327 | +0.112% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06323 | +0.054% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06325 | +0.085% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06322 | +0.038% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06318 | −0.025% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06316 | −0.064% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06321 | +0.025% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06324 | +0.070% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06320 | +0.008% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0523% | 1h | 0.06329 | +0.152% | $36K | $89K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0698% | 1h | 0.06337 | +0.275% | $10K | $10K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL