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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Paradex against Bitget−0.097%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.097% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PYTHUSDT0.063950.0100pay 0.0050% / 4h3h 20m$2.6M$2.1M75x
ShortParadex PYTH-USD-PERP0.063890.0100get 0.0100% / 8h7h 20m$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$0.04
Price spread: −0.097% → 0.000%
−$9.68
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$25.73
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 2 min ago; Paradex: 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, 2 min ago2.35 bp11.9 bp −$1235.2 bp −$352doesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: 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
BloFin PYTH-USDT−0.0169%4h0.06381−0.219%$425K$110K75xas long as short
Binance PYTHUSDT−0.0142%4h0.06392−0.042%$9.2M$17.5M75xas long as short
MEXC PYTH_USDT−0.0136%4h0.06393−0.031%$9.7M$2.4M125xas long as short
Kraken Futures PF_PYTHUSD−0.0136%1h0.06392−0.049%$393K$291K25xas long as short
Coinbase International PYTH-PERP-INTX−0.0064%1h0.06415+0.313%$40K$18K25xas long as short
dYdX PYTH-USD0.0000%1h0.06400+0.077%$190K$195xas long as short
Aster PYTHUSDT+0.0011%4h0.06394−0.012%$22K$44K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−2.111%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0048%1h0.06387−0.131%$23K3xas long as short
Deribit PYTH_USDC-PERPETUAL+0.0063%1h0.06393−0.031%$10K$10K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter PYTH+0.0096%1h0.06403+0.125%$201K$199K5xas long as short
Paradex PYTH-USD-PERPshort+0.0100%8h0.06389−0.097%$3K10x
Hyperliquid PYTH+0.0100%1h0.06401+0.100%$1.9M$1.5M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06399+0.063%$7.7M$4.8M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06397+0.031%$2.1M$3.4M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06397+0.031%$1.1M$472K75xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06401+0.094%$1.5M$325K50xas long as short
Bitget PYTHUSDTlong+0.0100%4h0.06395long leg$2.6M$2.1M75x
BingX PYTH-USDT+0.0100%4h0.06396+0.016%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06388−0.110%$39K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06387−0.122%$3K$2K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06394−0.019%20xas long as short
Backpack PYTH_USDC_PERP+0.0926%1h0.06393−0.027%$35K$91K10xas long as short