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: OKX against BingX0.000%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$730.728% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 7 days+0.024%+$2 · spread now 0.000%, 7d avg +0.015%
Together, before fees+0.023%+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PYTH-USDT0.063240.0100pay 0.0050% / 4h2h 13m$2.8M
ShortOKX PYTH-USDT-SWAP0.063240.0100get 0.0050% / 4h2h 13m$2.1M$3.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: 0.000% → +0.015%
−$1.54
Slippage, 4 orders
−$52.76
Fee BingX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$74.31
Costs to cover
0.728%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; OKX: live order book, 4 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, 6 min ago4.73 bp17.6 bp −$1834.8 bp −$348247.9 bp −$24.8K493.6 bp −$246.8K
Sell OKX live order book, 4 min ago0.79 bp21.0 bp −$2172.6 bp −$726doesn'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+0.411%$561$180K5.5xas long as short
Deribit PYTH_USDC-PERPETUAL−0.0224%1h0.06329+0.079%$10K$10K10xas long as short
Kraken Futures PF_PYTHUSD−0.0216%1h0.06327+0.053%$383K$240K25xas long as short
Gate PYTH_USDT−0.0042%4h0.063240.000%$1.1M$466K75xas long as short
BloFin PYTH-USDT−0.0004%4h0.06332+0.127%$424K$117K75xas long as short
dYdX PYTH-USD0.0000%1h0.06344+0.311%$188K$195xas long as short
Binance PYTHUSDT+0.0021%4h0.06321−0.049%$9.1M$16.0M75xas long as short
MEXC PYTH_USDT+0.0022%4h0.06322−0.032%$9.3M$2.4M125xas long as short
Coinbase International PYTH-PERP-INTX+0.0048%1h0.06431+1.692%$40K$6K25xas long as short
Bybit PYTHUSDT+0.0064%4h0.06325+0.016%$7.4M$4.9M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0088%1h0.06322−0.038%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06332+0.127%$196K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06323−0.015%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06329+0.082%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06334+0.163%$20K$24K10xas long as short
OKX PYTH-USDT-SWAPshort+0.0100%4h0.063240.000%$2.1M$3.3M50x
KuCoin PYTHUSDTM+0.0100%4h0.06332+0.127%$1.5M$304K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06328+0.063%$2.6M$1.9M75xas long as short
BingX PYTH-USDTlong+0.0100%4h0.06324long leg$2.8M
Variational Omni PYTH+0.0100%4h0.06338+0.217%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06325+0.014%$3K$1K10xas long as short
Backpack PYTH_USDC_PERP+0.0193%1h0.06338+0.226%$38K$87K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06322−0.024%20xas long as short