Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against BingX+0.568%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$220as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$2202.202% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days−0.419%−$42 · spread now +0.568%, 7d avg +0.042%
Together, before fees−0.419%−$42 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.527% dearer against BingX than usual: you sell high and buy low, +$53 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PYTH-USDT0.063350.0100pay 0.0050% / 4h2h 54m$2.8M
ShortKuCoin PYTHUSDTM0.063710.0100get 0.0050% / 4h2h 54m$1.5M$318K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.568% → +0.042%
$52.65
Slippage, 4 orders
−$198.19
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$167.53
Costs to cover
2.202%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago3.93 bp16.3 bp −$1638.0 bp −$380273.3 bp −$27.3K473.4 bp −$236.7K
Sell KuCoin live order book, 6 min ago16.49 bp76.0 bp −$76596.9 bp −$5,969doesn't fitdoesn't fit

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PYTH/USDC PERP−0.0586%1h0.06350+0.237%$561$180K5.5xas long as short
Kraken Futures PF_PYTHUSD−0.0215%1h0.06382+0.740%$386K$229K25xas long as short
Gate PYTH_USDT−0.0146%4h0.06338+0.047%$1.1M$462K75xas long as short
BloFin PYTH-USDT−0.0051%4h0.06363+0.442%$421K$123K75xas long as short
MEXC PYTH_USDT−0.0022%4h0.06348+0.205%$9.4M$2.4M125xas long as short
Binance PYTHUSDT−0.0019%4h0.06363+0.444%$9.0M$15.8M75xas long as short
dYdX PYTH-USD0.0000%1h0.06365+0.474%$189K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06382+0.742%$10K$10K10xas long as short
Bybit PYTHUSDT+0.0018%4h0.06356+0.331%$7.4M$5.0M50xas long as short
Coinbase International PYTH-PERP-INTX+0.0048%1h0.06431+1.515%$40K$9K25xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0072%1h0.06375+0.631%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06370+0.552%$197K$203K5xas long as short
Paradex PYTH-USD-PERP+0.0098%8h0.06334−0.009%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06364+0.464%$1.7M$1.4M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06372+0.584%$20K$26K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06332−0.047%$2.1M$3.3M50xas long as short
KuCoin PYTHUSDTMshort+0.0100%4h0.06371+0.568%$1.5M$318K50x
Bitget PYTHUSDT+0.0100%4h0.06336+0.016%$2.6M$1.9M75xas long as short
BingX PYTH-USDTlong+0.0100%4h0.06335long leg$2.8M
Variational Omni PYTH+0.0100%4h0.06358+0.363%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06372+0.581%$3K$1K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06370+0.550%20xas long as short
Backpack PYTH_USDC_PERP+0.0343%1h0.06379+0.695%$39K$88K10xas long as short