Funding you earn now, next payment 04:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.023%
Price spread now: Lighter against Binance+0.223%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.223%, 7d avg +0.136%
=Together, before fees−0.006%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.087% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.136%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PYTHUSDT | 0.06435 | 0.0055 | pay 0.0027% / 4h | 4m 34s | $9.2M | $18.3M | 75x |
| Short | Lighter PYTH | 0.06449 | 0.0096 | get 0.0012% / 1h | 4m 34s | $193K | $210K | 5x |
Binance PYTHUSDT
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $8.66
- Price spread: +0.223% → +0.136%
- $8.72
- Slippage, 4 orders
- −$44.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$36.8
- Costs to cover
- 0.542%
- Break-even
- 36.7 days
Slippage from Binance: live order book, 6 min ago; Lighter: live order book, 35 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, 6 min ago | 0.77 bp | 16.2 bp −$16 | 40.2 bp −$402 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 35 min ago | 3.96 bp | 9.4 bp −$9 | 66.3 bp −$663 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0371% | 1h | 0.06437 | +0.037% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDT | −0.0096% | 4h | 0.06429 | −0.088% | $1.1M | $519K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06444 | +0.143% | $191K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.714% | $553 | $220K | 5.5x | as long as short |
| Binance PYTHUSDTlong | +0.0055% | 4h | 0.06435 | long leg | $9.2M | $18.3M | 75x | |
| MEXC PYTH_USDT | +0.0058% | 4h | 0.06437 | +0.037% | $10.5M | $2.7M | 125x | as long as short |
| Aster PYTHUSDT | +0.0065% | 4h | 0.06449 | +0.223% | $20K | $45K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0075% | 4h | 0.06435 | +0.005% | $433K | $81K | 75x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06449 | +0.223% | $193K | $210K | 5x | |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06437 | +0.043% | $23K | — | 3x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Aster PYTHUSDT
BloFin PYTH-USDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06431 | −0.060% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06448 | +0.206% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06438 | +0.052% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06440 | +0.083% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06442 | +0.114% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06441 | +0.099% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06438 | +0.052% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06446 | +0.176% | $37K | $60K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06443 | +0.136% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06441 | +0.091% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06493 | +0.907% | $40K | $19K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06436 | +0.016% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0406% | 1h | 0.06446 | +0.182% | $397K | $294K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD