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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%
Price spread now: Aevo against Bitget−0.031%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.031% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PYTHUSDT0.063820.0100pay 0.0050% / 4h32m 23s$2.7M$2.2M75x
ShortAevo PYTH-PERP0.063800.0096get 0.0012% / 1h32m 23s$23K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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
−$0.84
Price spread: −0.031% → 0.000%
−$3.13
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$31.97
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 5 min ago; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago3.94 bp20.2 bp −$2042.2 bp −$422doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack PYTH_USDC_PERP−0.0376%1h0.06391+0.139%$38K$59K10xas long as short
Gate PYTH_USDT−0.0144%4h0.06374−0.125%$1.1M$507K75xas long as short
Deribit PYTH_USDC-PERPETUAL−0.0063%1h0.06389+0.110%$10K$10K10xas long as short
dYdX PYTH-USD0.0000%1h0.06389+0.106%$190K$195xas long as short
BloFin PYTH-USDT+0.0025%4h0.06372−0.157%$426K$80K75xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.912%$553$220K5.5xas long as short
Binance PYTHUSDT+0.0054%4h0.06377−0.078%$9.1M$18.0M75xas long as short
MEXC PYTH_USDT+0.0054%4h0.06384+0.031%$10.3M$2.5M125xas long as short
Aster PYTHUSDT+0.0054%4h0.06381−0.012%$21K$44K10xas long as short
Lighter PYTH+0.0096%1h0.06390+0.125%$193K$207K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERPshort+0.0096%1h0.06380−0.031%$23K3x
Paradex PYTH-USD-PERP+0.0100%8h0.06383+0.016%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06384+0.038%$2.1M$1.6M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06385+0.047%$7.6M$4.7M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06379−0.047%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06386+0.063%$1.5M$346K50xas long as short
Bitget PYTHUSDTlong+0.0100%4h0.06382long leg$2.7M$2.2M75x
BingX PYTH-USDT+0.0100%4h0.06378−0.063%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06318−1.004%$38K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06379−0.044%$3K$2K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0104%1h0.06324−0.909%$39K$18K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06377−0.083%20xas long as short
Kraken Futures PF_PYTHUSD+0.0410%1h0.06393+0.167%$390K$288K25xas long as short