Funding you earn now, next payment 00:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.72 per $10,000 · paid last 24h −0.001%
Price spread now: BingX against BloFin+0.333%111s7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as 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−$610.610% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.333%, 7d avg +0.048%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.285% dearer against BloFin than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.048%. The two prices were read 111 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 | 0.06313 | −0.0044 | get 0.0022% / 4h | 59m 19s | $421K | $115K | 75x |
| Short | BingX PYTH-USDT | 0.06334 | 0.0100 | get 0.0050% / 4h | 59m 19s | — | $2.8M | — |
BloFin PYTH-USDT
BingX PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- $30.28
- Price spread: +0.333% → +0.048%
- $28.46
- Slippage, 4 orders
- −$38.98
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$2.24
- Costs to cover
- 0.610%
- Break-even
- 7.5 days
Slippage from BloFin: live order book, 16 min ago; BingX: live order book, 15 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, 16 min ago | 0.80 bp | 8.5 bp −$9 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 3.18 bp | 15.8 bp −$16 | 41.1 bp −$411 | 218.1 bp −$21.8K | 488.4 bp −$244.2K |
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 | −0.0540% | 1h | 0.06326 | +0.206% | $10K | $10K | 10x | as long as short |
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −0.840% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0207% | 1h | 0.06324 | +0.173% | $380K | $261K | 25x | as long as short |
| MEXC PYTH_USDT | −0.0096% | 4h | 0.06332 | +0.301% | $9.5M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | −0.0093% | 4h | 0.06333 | +0.317% | $9.1M | $17.1M | 75x | as long as short |
| BloFin PYTH-USDTlong | −0.0044% | 4h | 0.06313 | long leg | $421K | $115K | 75x | |
| Gate PYTH_USDT | −0.0016% | 4h | 0.06324 | +0.174% | $1.1M | $473K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06326 | +0.208% | $188K | $19 | 5x | as long as short |
| Bybit PYTHUSDT | 0.0000% | 4h | 0.06338 | +0.396% | $7.5M | $4.7M | 50x | as long as short |
| Aevo PYTH-PERP | +0.0056% | 1h | 0.06327 | +0.223% | $23K | — | 3x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
MEXC PYTH_USDT
Binance PYTHUSDT
Gate PYTH_USDT
dYdX PYTH-USD
Bybit PYTHUSDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0064% | 4h | 0.06324 | +0.172% | $25K | $44K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06327 | +0.222% | $39K | $6K | 25x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06325 | +0.190% | $201K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06311 | −0.035% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06337 | +0.382% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06334 | +0.333% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06338 | +0.396% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06328 | +0.238% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDTshort | +0.0100% | 4h | 0.06334 | +0.333% | — | $2.8M | — | |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06328 | +0.233% | $36K | $89K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06310 | −0.045% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06336 | +0.366% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06331 | +0.287% | — | — | 20x | as long as short |
Aster PYTHUSDT
Coinbase International PYTH-PERP-INTX
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP