Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Bitget+0.158%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$770.771% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.158%, 7d avg +0.120%
=Together, before fees−0.066%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.038% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.120%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PYTHUSDT | 0.06331 | 0.0100 | pay 0.0050% / 4h | 3h 08m | $2.7M | $2.1M | 75x |
| Short | Lighter PYTH | 0.06341 | 0.0096 | get 0.0012% / 1h | 8m 39s | $194K | $211K | 5x |
Bitget PYTHUSDT
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.158% → +0.120%
- $3.81
- Slippage, 4 orders
- −$65.08
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$74.1
- Costs to cover
- 0.771%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 26 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, 4 min ago | 2.36 bp | 21.6 bp −$22 | 33.5 bp −$335 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 26 min ago | 3.13 bp | 11.2 bp −$11 | 93.1 bp −$931 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0224% | 1h | 0.06328 | −0.047% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0105% | 1h | 0.06338 | +0.111% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0038% | 4h | 0.06326 | −0.079% | $1.0M | $518K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06350 | +0.297% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.121% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0036% | 4h | 0.06335 | +0.063% | $10.7M | $2.9M | 125x | as long as short |
| Binance PYTHUSDT | +0.0036% | 4h | 0.06336 | +0.079% | $9.1M | $18.4M | 75x | as long as short |
| BloFin PYTH-USDT | +0.0037% | 4h | 0.06340 | +0.142% | $426K | $77K | 75x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06330 | −0.016% | $23K | — | 3x | as long as short |
| Aster PYTHUSDT | +0.0092% | 4h | 0.06344 | +0.207% | $20K | $45K | 10x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
BloFin PYTH-USDT
Aevo PYTH-PERP
Aster PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTHshort | +0.0096% | 1h | 0.06341 | +0.158% | $194K | $211K | 5x | |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06332 | +0.012% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06339 | +0.120% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06338 | +0.111% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06336 | +0.079% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06332 | +0.016% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDTlong | +0.0100% | 4h | 0.06331 | long leg | $2.7M | $2.1M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06334 | +0.047% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | +0.305% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06332 | +0.019% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +2.559% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0300% | 1h | 0.06333 | +0.031% | $387K | $301K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06329 | −0.025% | — | — | 20x | 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
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP