Funding you earn now, next payment 03:00 UTC+0.0202%/8h= +22.2% APRpaid last 24h +0.017%
Price spread now: Kraken Futures against Bitget+0.206%48s7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$850.848% of the position
Funding, last 7 days+0.465%+$47 on $10k
+Price spread, last 4 days (all we have)−0.462%−$46 · spread now +0.206%, 7d avg +0.159%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.047% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.159%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PYTHUSDT | 0.06317 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $2.7M | $2.1M | 75x |
| Short | Kraken Futures PF_PYTHUSD | 0.06330 | 0.0302 | get 0.0038% / 1h | 44m 29s | $387K | $291K | 25x |
Bitget PYTHUSDT
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $42.51
- Price spread: +0.206% → +0.159%
- $4.73
- Slippage, 4 orders
- −$62.82
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$37.58
- Costs to cover
- 0.848%
- Break-even
- 13.2 days
Slippage from Bitget: live order book, 3 min ago; Kraken Futures: live order book, 18 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, 3 min ago | 4.76 bp | 22.3 bp −$22 | 59.9 bp −$599 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 18 min ago | 11.02 bp | 22.8 bp −$23 | 133.4 bp −$1,334 | 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 | −0.0425% | 1h | 0.06332 | +0.242% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0224% | 4h | 0.06316 | −0.016% | $1.0M | $498K | 75x | as long as short |
| Binance PYTHUSDT | −0.0035% | 4h | 0.06316 | −0.016% | $9.1M | $17.7M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0034% | 4h | 0.06315 | −0.032% | $9.5M | $2.3M | 125x | as long as short |
| Aster PYTHUSDT | −0.0005% | 4h | 0.06324 | +0.112% | $20K | $46K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06328 | +0.171% | $188K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0019% | 4h | 0.06300 | −0.269% | $425K | $89K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.902% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06325 | +0.127% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06330 | +0.206% | $190K | $204K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Aster PYTHUSDT
dYdX PYTH-USD
BloFin PYTH-USDT
Injective PYTH/USDC PERP
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 | 0.06321 | +0.066% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06327 | +0.155% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06325 | +0.127% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06321 | +0.063% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06328 | +0.174% | $1.5M | $340K | 50x | as long as short |
| Bitget PYTHUSDTlong | +0.0100% | 4h | 0.06317 | long leg | $2.7M | $2.1M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06321 | +0.063% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06309 | −0.120% | $38K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06321 | +0.062% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06369 | +0.823% | $39K | $18K | 25x | as long as short |
| Kraken Futures PF_PYTHUSDshort | +0.0302% | 1h | 0.06330 | +0.206% | $387K | $291K | 25x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06317 | −0.001% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0540% | 1h | 0.06337 | +0.317% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL