Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment $0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.016%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$410.412% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.006%−$1 · spread now −0.016%, 7d avg +0.002%
Together, before fees−0.004%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PYTHUSDT0.062890.0055pay 0.0027% / 4h59m 09s$8.9M$19.5M75x
ShortMEXC PYTH_USDT0.062880.0054get 0.0027% / 4h59m 09s$10.4M$2.7M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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

Funding earned
−$0.11
Price spread: −0.016% → +0.002%
−$1.75
Slippage, 4 orders
−$31.18
Fee Binance: 5 bp × 2 orders
−$10
Fee MEXC: 0 bp × 2 orders
$0
Net
−$43.04
Costs to cover
0.412%
Break-even
never at this rate
Slippage from Binance: live order book, 12 min ago; MEXC: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 12 min ago1.58 bp14.4 bp −$1434.1 bp −$341doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago1.59 bp4.9 bp −$512.1 bp −$12189.6 bp −$8,964168.5 bp −$84.2K

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack PYTH_USDC_PERP+0.0001%1h0.06300+0.180%$35K$67K10xas long as short
dYdX PYTH-USD+0.0019%1h0.06295+0.092%$187K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−0.461%$553$220K5.5xas long as short
MEXC PYTH_USDTshort+0.0054%4h0.06288−0.016%$10.4M$2.7M125x
Binance PYTHUSDTlong+0.0055%4h0.06289long leg$8.9M$19.5M75x
Deribit PYTH_USDC-PERPETUAL+0.0068%1h0.06293+0.064%$10K$10K10xas long as short
BloFin PYTH-USDT+0.0069%4h0.06294+0.080%$422K$72K75xas long as short
Lighter PYTH+0.0096%1h0.06300+0.175%$193K$218K5xas long as short
Aevo PYTH-PERP+0.0096%1h0.06293+0.060%$22K3xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06285−0.059%$3K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PYTH+0.0100%1h0.06297+0.122%$2.2M$2.0M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06288−0.014%$21K$46K10xas long as short
Bybit PYTHUSDT+0.0100%4h0.062890.000%$7.4M$4.9M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06292+0.048%$2.1M$3.6M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06297+0.127%$1.0M$535K75xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06293+0.064%$1.5M$370K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06291+0.032%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06287−0.032%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06297+0.126%$40K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06289+0.003%$2K$2K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06286−0.040%20xas long as short
Kraken Futures PF_PYTHUSD+0.0453%1h0.06295+0.103%$381K$318K25xas long as short
Coinbase International PYTH-PERP-INTX+0.0472%1h0.06427+2.194%$40K$19K25xas long as short