PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against BingX+0.110%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$730.732% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.110%, 7d avg +0.103%

Together, before fees−0.219%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PYTH-USDT	0.06365	0.0100	pay 0.0050% / 4h	1h 20m	—	$2.7M	—
Short	Lighter PYTH	0.06372	0.0096	get 0.0012% / 1h	20m 00s	$191K	$204K	5x

Funding history

latest

Range statsloading…

Lighter against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BingXbpFee LighterbpOrdersPrice spread, now +0.110%Rate

Slippage from BingX: live order book, 5 min ago; Lighter: live order book, 25 min ago.

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, 5 min ago	3.94 bp	18.7 bp −$19	34.2 bp −$342	293.1 bp −$29.3K	481.5 bp −$240.7K
Sell Lighter live order book, 25 min ago	3.95 bp	11.5 bp −$11	78.4 bp −$784	doesn't fit	doesn't fit

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
Backpack PYTH_USDC_PERP	−0.0378%	1h	0.06367	+0.036%	$39K	$50K	10x	as long as short
Gate PYTH_USDT	−0.0212%	4h	0.06360	−0.079%	$1.0M	$503K	75x	as long as short
BloFin PYTH-USDT	−0.0013%	4h	0.06371	+0.094%	$353K	$87K	75x	as long as short
Binance PYTHUSDT	−0.0005%	4h	0.06360	−0.079%	$9.1M	$17.8M	75x	as long as short
MEXC PYTH_USDT	−0.0004%	4h	0.06360	−0.079%	$9.5M	$2.5M	125x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06373	+0.121%	$189K	$19	5x	as long as short
Aster PYTHUSDT	+0.0014%	4h	0.06367	+0.033%	$20K	$46K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.650%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0080%	1h	0.06365	0.000%	$23K	—	3x	as long as short
Lighter PYTHshort	+0.0096%	1h	0.06372	+0.110%	$191K	$204K	5x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06357	−0.130%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06367	+0.035%	$2.0M	$1.7M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06364	−0.016%	$7.5M	$4.6M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06363	−0.031%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06367	+0.031%	$1.5M	$342K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06361	−0.063%	$2.7M	$2.1M	75x	as long as short
BingX PYTH-USDTlong	+0.0100%	4h	0.06365	long leg	—	$2.7M	—
Variational Omni PYTH	+0.0100%	4h	0.06367	+0.029%	$38K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06363	−0.033%	$3K	$2K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0176%	1h	0.06385	+0.314%	$40K	$18K	25x	as long as short
Kraken Futures PF_PYTHUSD	+0.0301%	1h	0.06368	+0.052%	$389K	$291K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06361	−0.067%	—	—	20x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0378%	1h	0.06375	+0.157%	$10K	$10K	10x	as long as short