Funding you earn now, next payment 00:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.42 per $10,000 · paid last 24h −0.010%
Price spread now: Binance against BingX−0.050%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$600.600% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now −0.050%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.023% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PYTH-USDT | 0.06346 | 0.0100 | pay 0.0050% / 4h | 2h 19m | — | $2.8M | — |
| Short | Binance PYTHUSDT | 0.06343 | 0.0017 | get 0.0008% / 4h | 2h 19m | $9.1M | $15.9M | 75x |
BingX PYTH-USDT
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- −$17.46
- Price spread: −0.050% → −0.027%
- −$2.27
- Slippage, 4 orders
- −$39.99
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$79.71
- Costs to cover
- 0.600%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Binance: live order book, 6 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 BingX live order book, 10 min ago | 3.16 bp | 17.1 bp −$17 | 38.8 bp −$388 | 298.0 bp −$29.8K | 519.9 bp −$260.0K |
| Sell Binance live order book, 6 min ago | 0.79 bp | 12.5 bp −$12 | 34.5 bp −$345 | 297.5 bp −$29.8K | 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 | +0.063% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06351 | +0.071% | $384K | $240K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0065% | 1h | 0.06350 | +0.063% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDT | −0.0024% | 4h | 0.06350 | +0.063% | $1.1M | $466K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06351 | +0.073% | $189K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0016% | 4h | 0.06343 | −0.047% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDTshort | +0.0017% | 4h | 0.06343 | −0.050% | $9.1M | $15.9M | 75x | |
| BloFin PYTH-USDT | +0.0022% | 4h | 0.06339 | −0.110% | $423K | $117K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.339% | $40K | $6K | 25x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06342 | −0.066% | $23K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
dYdX PYTH-USD
MEXC PYTH_USDT
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTX
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06354 | +0.126% | $197K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06344 | −0.029% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06353 | +0.113% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06342 | −0.067% | $20K | $24K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06347 | +0.016% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06347 | +0.016% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06348 | +0.032% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06346 | 0.000% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06346 | long leg | — | $2.8M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06348 | +0.034% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06345 | −0.017% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0215% | 1h | 0.06352 | +0.090% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06347 | +0.016% | — | — | 20x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP