Funding you earn now, next payment 08:00 UTC−0.0200%/8h= −21.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.024%
Price spread now: Gate against Bitget−0.144%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1201.199% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.144%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.130% cheaper against Bitget than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PYTHUSDT | 0.06256 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $2.6M | $2.2M | 75x |
| Short | Gate PYTH_USDT | 0.06247 | −0.0100 | pay 0.0050% / 4h | 2h 32m | $1.0M | $528K | 75x |
Bitget PYTHUSDT
Gate PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42
- Price spread: −0.144% → −0.013%
- −$13.04
- Slippage, 4 orders
- −$92.92
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$174.96
- Costs to cover
- 1.199%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 4 min ago.
Cost to enter
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, 5 min ago | 3.99 bp | 24.4 bp −$24 | 56.9 bp −$569 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 5.58 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
PYTH on 23 venues
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 | −0.0436% | 1h | 0.06266 | +0.152% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDTshort | −0.0100% | 4h | 0.06247 | −0.144% | $1.0M | $528K | 75x | |
| Deribit PYTH_USDC-PERPETUAL | −0.0069% | 1h | 0.06259 | +0.048% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06261 | +0.080% | $186K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0027% | 4h | 0.06246 | −0.160% | $421K | $75K | 75x | as long as short |
| Binance PYTHUSDT | +0.0033% | 4h | 0.06257 | +0.016% | $8.9M | $18.8M | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | +0.064% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0042% | 4h | 0.06257 | +0.016% | $10.5M | $2.7M | 125x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06255 | −0.016% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06266 | +0.160% | $191K | $208K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
BloFin PYTH-USDT
Binance PYTHUSDT
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06245 | −0.170% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06264 | +0.128% | $2.1M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06257 | +0.017% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06256 | 0.000% | $7.4M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06259 | +0.048% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06259 | +0.048% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDTlong | +0.0100% | 4h | 0.06256 | long leg | $2.6M | $2.2M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06254 | −0.032% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06277 | +0.336% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06258 | +0.038% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0238% | 1h | 0.06260 | +0.060% | $382K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06253 | −0.051% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +3.788% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX