Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Bybit against BingX+0.047%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1000.997% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now +0.047%, 7d avg +0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.031% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PYTH-USDT | 0.06343 | 0.0100 | pay 0.0050% / 4h | 2h 18m | — | $2.8M | — |
| Short | Bybit PYTHUSDT | 0.06346 | 0.0100 | get 0.0050% / 4h | 2h 18m | $7.5M | $4.9M | 50x |
BingX PYTH-USDT
Bybit PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.047% → +0.017%
- $3.06
- Slippage, 4 orders
- −$78.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$96.59
- Costs to cover
- 0.997%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; Bybit: live order book, 5 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, 1 min ago | 4.73 bp | 17.6 bp −$18 | 34.8 bp −$348 | 247.9 bp −$24.8K | 493.6 bp −$246.8K |
| Sell Bybit live order book, 5 min ago | 3.94 bp | 37.8 bp −$38 | 126.5 bp −$1,265 | 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 | +0.110% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06351 | +0.118% | $384K | $240K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0065% | 1h | 0.06350 | +0.110% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDT | −0.0032% | 4h | 0.06350 | +0.110% | $1.1M | $466K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06351 | +0.120% | $189K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0016% | 4h | 0.06340 | −0.047% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | +0.0020% | 4h | 0.06340 | −0.047% | $9.1M | $15.9M | 75x | as long as short |
| BloFin PYTH-USDT | +0.0022% | 4h | 0.06339 | −0.063% | $423K | $117K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.387% | $40K | $6K | 25x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06342 | −0.019% | $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
Binance PYTHUSDT
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 | 0.06351 | +0.126% | $197K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06339 | −0.067% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06349 | +0.101% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06340 | −0.048% | $20K | $24K | 10x | as long as short |
| Bybit PYTHUSDTshort | +0.0100% | 4h | 0.06346 | +0.047% | $7.5M | $4.9M | 50x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06344 | +0.016% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06348 | +0.079% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06345 | +0.032% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06343 | long leg | — | $2.8M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06348 | +0.081% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06345 | +0.030% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0215% | 1h | 0.06352 | +0.137% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06344 | +0.016% | — | — | 20x | as long as short |
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