Funding you earn now, next payment 23:00 UTC−0.0528%/8h= −57.8% APRpaid last 24h −0.050%
Price spread now: Injective against BingX−0.965%87s7-day average −0.138% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 3 days (all we have)+0.485%+$49 · spread now −0.965%, 7d avg −0.138%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 0.827% cheaper against BingX than usual: you would sell low and buy high (−$83 if the spread goes back to its 7-day average of −0.138%). Swap the legs. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.211% in total (about -11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PYTH-USDT | 0.06321 | 0.0100 | pay 0.0050% / 4h | 1h 01m | — | $2.8M | — |
| Short | Injective PYTH/USDC PERP | 0.06260 | −0.0428 | pay 0.0053% / 1h | 1m 44s | $553 | $220K | 5.5x |
BingX PYTH-USDT
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$110.82
- Price spread: −0.965% → −0.138%
- −$82.71
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$203.55
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 12 min ago; Injective: no order-book sample. Net counts fees only.
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, 12 min ago | 3.18 bp | 15.0 bp −$15 | 33.5 bp −$335 | 223.4 bp −$22.3K | 439.6 bp −$219.8K |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.0428% | 1h | 0.06260 | −0.965% | $553 | $220K | 5.5x | |
| Kraken Futures PF_PYTHUSD | −0.0207% | 1h | 0.06326 | +0.082% | $380K | $261K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0139% | 4h | 0.06294 | −0.427% | $420K | $115K | 75x | as long as short |
| Binance PYTHUSDT | −0.0101% | 4h | 0.06316 | −0.084% | $9.1M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0100% | 4h | 0.06315 | −0.095% | $9.5M | $2.4M | 125x | as long as short |
| Gate PYTH_USDT | −0.0020% | 4h | 0.06316 | −0.079% | $1.1M | $483K | 75x | as long as short |
| Bybit PYTHUSDT | −0.0012% | 4h | 0.06319 | −0.032% | $7.5M | $4.7M | 50x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06326 | +0.081% | $188K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06331 | +0.158% | $10K | $10K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0056% | 1h | 0.06320 | −0.016% | $23K | — | 3x | as long as short |
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Gate PYTH_USDT
Bybit PYTHUSDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0059% | 4h | 0.06317 | −0.060% | $25K | $40K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06327 | +0.095% | $39K | $6K | 25x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06325 | +0.063% | $201K | $216K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06313 | −0.123% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06321 | +0.005% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06319 | −0.032% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06324 | +0.047% | $1.5M | $309K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06316 | −0.079% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06321 | long leg | — | $2.8M | — | |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06325 | +0.060% | $36K | $89K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06290 | −0.496% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06306 | −0.240% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06306 | −0.231% | — | — | 20x | as long as short |
Aster PYTHUSDT
Coinbase International PYTH-PERP-INTX
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP