Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against BingX+0.016%96s7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 3 days (all we have)−0.456%−$46 · spread now +0.016%, 7d avg −0.049%
=The price spread pays, funding is against you. BloFin is 0.065% dearer against BingX than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.049%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PYTH-USDT | 0.06328 | 0.0100 | pay 0.0050% / 4h | 2h 13m | — | $2.8M | — |
| Short | BloFin PYTH-USDT | 0.06329 | 0.0054 | get 0.0027% / 4h | 2h 13m | $422K | $117K | 75x |
BingX PYTH-USDT
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$9.65
- Price spread: +0.016% → −0.049%
- $6.45
- Slippage, 4 orders
- −$38.88
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$64.08
- Costs to cover
- 0.609%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 7 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, 6 min ago | 4.73 bp | 17.6 bp −$18 | 34.8 bp −$348 | 247.9 bp −$24.8K | 493.6 bp −$246.8K |
| Sell BloFin live order book, 7 min ago | 0.79 bp | 9.8 bp −$10 | 24.7 bp −$247 | 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 | +0.348% | $561 | $180K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0538% | 1h | 0.06337 | +0.142% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06339 | +0.177% | $384K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0042% | 4h | 0.06332 | +0.063% | $1.1M | $466K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06344 | +0.248% | $188K | $19 | 5x | as long as short |
| Binance PYTHUSDT | +0.0021% | 4h | 0.06323 | −0.081% | $9.1M | $16.0M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0022% | 4h | 0.06328 | 0.000% | $9.3M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.628% | $40K | $6K | 25x | as long as short |
| BloFin PYTH-USDTshort | +0.0054% | 4h | 0.06329 | +0.016% | $422K | $117K | 75x | |
| Bybit PYTHUSDT | +0.0064% | 4h | 0.06325 | −0.047% | $7.4M | $4.9M | 50x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
dYdX PYTH-USD
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06331 | +0.041% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06335 | +0.111% | $196K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06323 | −0.078% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06329 | +0.019% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06337 | +0.142% | $20K | $24K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06324 | −0.063% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06338 | +0.158% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06328 | 0.000% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06328 | long leg | — | $2.8M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06338 | +0.154% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06332 | +0.068% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0193% | 1h | 0.06338 | +0.163% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06322 | −0.087% | — | — | 20x | 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
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP