PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.14 per $10,000 · paid last 24h −0.012%

Price spread now: Binance against BloFin+0.221%91s7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as 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−$550.554% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.221%, 7d avg +0.017%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.203% dearer against BloFin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.017%. The two prices were read 91 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	BloFin PYTH-USDT	0.06381	−0.0169	get 0.0085% / 4h	3h 19m	$425K	$110K	75x
Short	Binance PYTHUSDT	0.06395	−0.0142	pay 0.0071% / 4h	3h 19m	$9.2M	$17.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee BloFinbpFee BinancebpOrdersPrice spread, now +0.221%Rate

Funding earned: $5.74
Price spread: +0.221% → +0.017%: $20.34
Slippage, 4 orders: −$33.42
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.34
Costs to cover: 0.554%
Break-even: 42.8 days

Slippage from BloFin: live order book, 51 min ago; Binance: live order book, 6 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 BloFin live order book, 51 min ago	0.79 bp	11.0 bp −$11	19.8 bp −$198	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.56 bp	14.6 bp −$15	45.4 bp −$454	312.8 bp −$31.3K	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
BloFin PYTH-USDTlong	−0.0169%	4h	0.06381	long leg	$425K	$110K	75x
Binance PYTHUSDTshort	−0.0142%	4h	0.06395	+0.221%	$9.2M	$17.5M	75x
MEXC PYTH_USDT	−0.0136%	4h	0.06397	+0.251%	$9.7M	$2.4M	125x	as long as short
Kraken Futures PF_PYTHUSD	−0.0135%	1h	0.06405	+0.378%	$393K	$291K	25x	as long as short
Coinbase International PYTH-PERP-INTX	−0.0064%	1h	0.06415	+0.533%	$40K	$18K	25x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06400	+0.296%	$190K	$19	5x	as long as short
Aster PYTHUSDT	+0.0008%	4h	0.06398	+0.268%	$22K	$44K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.896%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0048%	1h	0.06400	+0.298%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06407	+0.407%	$201K	$199K	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06389	+0.122%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06405	+0.370%	$1.9M	$1.5M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06401	+0.313%	$7.7M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06397	+0.251%	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06400	+0.298%	$1.1M	$473K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06405	+0.376%	$1.5M	$325K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06398	+0.266%	$2.6M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06398	+0.266%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06388	+0.109%	$39K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06396	+0.229%	$3K	$2K	10x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0219%	1h	0.06404	+0.360%	$10K	$10K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06394	+0.200%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0925%	1h	0.06406	+0.395%	$35K	$91K	10x	as long as short