PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0126%/8h= −13.8% APRnext payment −$0.63 per $10,000 · paid last 24h −0.014%

Price spread now: Gate against BingX−0.063%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$960.961% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.063%, 7d avg −0.026%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.037% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PYTH-USDT	0.06301	0.0100	pay 0.0050% / 4h	1h 03m	—	$2.8M	—
Short	Gate PYTH_USDT	0.06297	−0.0026	pay 0.0013% / 4h	1h 03m	$1.1M	$480K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersPrice spread, now −0.063%Rate

Funding earned: −$26.46
Price spread: −0.063% → −0.026%: −$3.72
Slippage, 4 orders: −$71.06
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$126.24
Costs to cover: 0.961%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Gate: live order book, 4 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, 11 min ago	3.18 bp	15.0 bp −$15	33.5 bp −$335	223.4 bp −$22.3K	439.6 bp −$219.8K
Sell Gate live order book, 4 min ago	3.18 bp	36.6 bp −$37	doesn't fit	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	−0.0428%	1h	0.06260	−0.651%	$553	$220K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0208%	1h	0.06300	−0.012%	$383K	$248K	25x	as long as short
BloFin PYTH-USDT	−0.0142%	4h	0.06283	−0.286%	$420K	$114K	75x	as long as short
Binance PYTHUSDT	−0.0104%	4h	0.06298	−0.048%	$9.0M	$17.0M	75x	as long as short
MEXC PYTH_USDT	−0.0102%	4h	0.06301	0.000%	$9.2M	$2.3M	125x	as long as short
Gate PYTH_USDTshort	−0.0026%	4h	0.06297	−0.063%	$1.1M	$480K	75x
Bybit PYTHUSDT	−0.0021%	4h	0.06302	+0.016%	$7.4M	$4.7M	50x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06307	+0.098%	$187K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06310	+0.143%	$10K	$10K	10x	as long as short
Aster PYTHUSDT	+0.0055%	4h	0.06296	−0.086%	$25K	$40K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PYTH-PERP	+0.0056%	1h	0.06300	−0.019%	$22K	—	3x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0080%	1h	0.06431	+2.063%	$40K	$6K	25x	as long as short
Lighter PYTH	+0.0096%	1h	0.06311	+0.159%	$201K	$216K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06305	+0.059%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06304	+0.046%	$1.7M	$1.5M	5x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06299	−0.032%	$2.1M	$3.3M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06306	+0.079%	$1.5M	$309K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06301	0.000%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDTlong	+0.0100%	4h	0.06301	long leg	—	$2.8M	—
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06307	+0.089%	$38K	$88K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06290	−0.180%	$44K	$22K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06299	−0.037%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06300	−0.010%	—	—	20x	as long as short