PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Bitget+0.120%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1361.361% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.120%, 7d avg +0.108%

Together, before fees−0.167%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.108%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PYTHUSDT	0.06415	0.0100	pay 0.0050% / 4h	2h 00m	$2.7M	$2.2M	75x
Short	dYdX PYTH-USD	0.06423	0	get 0.0000% / 1h	0m 36s	$191K	$19	5x

Funding history

latest

Range statsloading…

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now +0.120%Rate

Slippage from Bitget: live order book, 2 min ago; dYdX: live order book, 48 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	3.12 bp	24.3 bp −$24	45.6 bp −$456	doesn't fit	doesn't fit
Sell dYdX live order book, 48 min ago	40.12 bp	45.1 bp −$45	158.2 bp −$1,582	209.9 bp −$21.0K	502.8 bp −$251.4K

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	−0.0227%	1h	0.06427	+0.179%	$38K	$64K	10x	as long as short
dYdX PYTH-USDshort	0.0000%	1h	0.06423	+0.120%	$191K	$19	5x
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06431	+0.249%	$10K	$10K	10x	as long as short
Gate PYTH_USDT	+0.0032%	4h	0.06412	−0.047%	$1.1M	$531K	75x	as long as short
MEXC PYTH_USDT	+0.0032%	4h	0.06414	−0.016%	$10.7M	$2.7M	125x	as long as short
Binance PYTHUSDT	+0.0032%	4h	0.06416	+0.016%	$9.1M	$19.0M	75x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−2.416%	$553	$220K	5.5x	as long as short
BloFin PYTH-USDT	+0.0042%	4h	0.06403	−0.187%	$423K	$77K	75x	as long as short
Aevo PYTH-PERP	+0.0088%	1h	0.06420	+0.072%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06426	+0.171%	$195K	$214K	5x	as long as short

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	0.06414	−0.016%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06424	+0.139%	$2.3M	$1.9M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06417	+0.034%	$20K	$46K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06421	+0.094%	$7.6M	$4.9M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06420	+0.078%	$2.1M	$3.6M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06421	+0.094%	$1.5M	$351K	50x	as long as short
Bitget PYTHUSDTlong	+0.0100%	4h	0.06415	long leg	$2.7M	$2.2M	75x
BingX PYTH-USDT	+0.0100%	4h	0.06416	+0.016%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06418	+0.052%	$39K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06417	+0.036%	$2K	$2K	10x	as long as short
Kraken Futures PF_PYTHUSD	+0.0232%	1h	0.06428	+0.202%	$392K	$296K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06411	−0.056%	—	—	20x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0312%	1h	0.06395	−0.312%	$39K	$19K	25x	as long as short