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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.003%
Price spread now: Aevo against BloFin+0.172%53s7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.172% dearer against BloFin than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PYTH-USDT0.062950.0057pay 0.0029% / 4h1h 40m$420K$115K75x
ShortAevo PYTH-PERP0.063060.0088get 0.0011% / 1h40m 14s$23K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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
$6.43
Price spread: +0.172% → 0.000%
$17.16
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$4.41
Costs to cover
0.280%
Break-even
11.8 days
Slippage unknown: BloFin: live order book, 40 min ago; Aevo: 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 BloFin live order book, 40 min ago0.79 bp15.2 bp −$1529.8 bp −$298doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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
Injective PYTH/USDC PERP−0.0428%1h0.06260−0.556%$553$220K5.5xas long as short
Kraken Futures PF_PYTHUSD−0.0207%1h0.06311+0.252%$383K$252K25xas long as short
Bybit PYTHUSDT−0.0042%4h0.06310+0.238%$7.4M$5.1M50xas long as short
Gate PYTH_USDT−0.0016%4h0.06301+0.095%$1.1M$478K75xas long as short
dYdX PYTH-USD0.0000%1h0.06313+0.287%$187K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06312+0.270%$10K$10K10xas long as short
Binance PYTHUSDT+0.0021%4h0.06304+0.143%$9.1M$17.0M75xas long as short
MEXC PYTH_USDT+0.0022%4h0.06304+0.143%$9.2M$2.3M125xas long as short
Backpack PYTH_USDC_PERP+0.0053%1h0.06313+0.278%$38K$88K10xas long as short
BloFin PYTH-USDTlong+0.0057%4h0.06295long leg$420K$115K75x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International PYTH-PERP-INTX+0.0080%1h0.06431+2.160%$40K$6K25xas long as short
Aevo PYTH-PERPshort+0.0088%1h0.06306+0.172%$23K3x
Lighter PYTH+0.0096%1h0.06315+0.318%$198K$208K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06302+0.108%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06313+0.286%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06305+0.166%$25K$40K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06308+0.207%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06307+0.191%$1.5M$315K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06308+0.207%$2.6M$2.0M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06306+0.175%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06304+0.139%$44K$22Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06306+0.168%$3K$1K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06303+0.133%20xas long as short