PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against Binance+0.152%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$920.923% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 7 days−0.200%−$20 · spread now +0.152%, 7d avg +0.001%

Together, before fees−0.145%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.151% dearer against Binance than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.001%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PYTHUSDT	0.06340	0.0017	pay 0.0008% / 4h	2h 18m	$9.1M	$15.9M	75x
Short	Gate PYTH_USDT	0.06350	−0.0024	pay 0.0012% / 4h	2h 18m	$1.1M	$466K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now +0.152%Rate

Funding earned: −$8.58
Price spread: +0.152% → +0.001%: $15.07
Slippage, 4 orders: −$67.27
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$85.79
Costs to cover: 0.923%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Gate: live order book, 3 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, 7 min ago	0.79 bp	14.8 bp −$15	43.6 bp −$436	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.52 bp	36.0 bp −$36	doesn't fit	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	+0.152%	$561	$180K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0216%	1h	0.06351	+0.160%	$384K	$240K	25x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0065%	1h	0.06350	+0.152%	$10K	$10K	10x	as long as short
Gate PYTH_USDTshort	−0.0024%	4h	0.06350	+0.152%	$1.1M	$466K	75x
dYdX PYTH-USD	0.0000%	1h	0.06351	+0.162%	$189K	$19	5x	as long as short
MEXC PYTH_USDT	+0.0016%	4h	0.06342	+0.026%	$9.4M	$2.4M	125x	as long as short
Binance PYTHUSDTlong	+0.0017%	4h	0.06340	long leg	$9.1M	$15.9M	75x
BloFin PYTH-USDT	+0.0022%	4h	0.06339	−0.021%	$423K	$117K	75x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0048%	1h	0.06431	+1.430%	$40K	$6K	25x	as long as short
Aevo PYTH-PERP	+0.0088%	1h	0.06342	+0.023%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PYTH	+0.0096%	1h	0.06354	+0.215%	$197K	$206K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06344	+0.060%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06347	+0.103%	$1.7M	$1.5M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06341	+0.017%	$20K	$24K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06344	+0.058%	$7.4M	$4.9M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06344	+0.058%	$2.1M	$3.3M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06348	+0.121%	$1.5M	$304K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06345	+0.073%	$2.6M	$1.9M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06346	+0.089%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06348	+0.123%	$44K	$23K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06345	+0.072%	$3K	$1K	10x	as long as short
Backpack PYTH_USDC_PERP	+0.0215%	1h	0.06352	+0.179%	$38K	$87K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06347	+0.105%	—	—	20x	as long as short