Funding you earn now, next payment 22:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h +0.066%
Price spread now: Kraken Futures against Binance+0.100%7-day average +0.172% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 7 days+0.544%+$54 on $10k
+Price spread, last 3 days (all we have)−0.323%−$32 · spread now +0.100%, 7d avg +0.172%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.072% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.172%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.544%, 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 | 0.06348 | −0.0015 | get 0.0007% / 4h | 2h 51m | $9.0M | $16.0M | 75x |
| Short | Kraken Futures PF_PYTHUSD | 0.06354 | −0.0215 | pay 0.0027% / 1h | 51m 16s | $385K | $240K | 25x |
Binance PYTHUSDT
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$42.14
- Price spread: +0.100% → +0.172%
- −$7.21
- Slippage, 4 orders
- −$57.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$126.58
- Costs to cover
- 0.772%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Kraken Futures: live order book, 36 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, 4 min ago | 1.57 bp | 10.0 bp −$10 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 36 min ago | 16.41 bp | 24.1 bp −$24 | 162.7 bp −$1,627 | 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 | +0.032% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSDshort | −0.0215% | 1h | 0.06354 | +0.100% | $385K | $240K | 25x | |
| Gate PYTH_USDT | −0.0140% | 4h | 0.06350 | +0.032% | $1.1M | $463K | 75x | as long as short |
| MEXC PYTH_USDT | −0.0016% | 4h | 0.06349 | +0.016% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDTlong | −0.0015% | 4h | 0.06348 | long leg | $9.0M | $16.0M | 75x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06354 | +0.094% | $189K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06362 | +0.221% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0043% | 4h | 0.06351 | +0.047% | $420K | $122K | 75x | as long as short |
| Bybit PYTHUSDT | +0.0048% | 4h | 0.06350 | +0.032% | $7.5M | $5.0M | 50x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.307% | $40K | $9K | 25x | as long as short |
Injective PYTH/USDC PERP
Gate PYTH_USDT
MEXC PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Bybit PYTHUSDT
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06358 | +0.153% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06360 | +0.189% | $197K | $203K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0098% | 8h | 0.06341 | −0.114% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06357 | +0.148% | $1.7M | $1.4M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06352 | +0.069% | $20K | $26K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06350 | +0.032% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06351 | +0.047% | $1.5M | $315K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06349 | +0.016% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06348 | 0.000% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06358 | +0.157% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06352 | +0.069% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06351 | +0.050% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0453% | 1h | 0.06358 | +0.156% | $38K | $88K | 10x | as long as short |
Aevo PYTH-PERP
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
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP