Funding you earn now, next payment 04:00 UTC−0.0229%/8h= −25.0% APRnext payment −$1.14 per $10,000 · paid last 24h −0.003%
Price spread now: Gate against BloFin+0.270%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$880.882% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now +0.270%, 7d avg +0.044%
=The price spread pays, funding is against you. Gate is 0.226% dearer against BloFin than usual: you sell high and buy low (spread +0.270% now, against its 7-day average of +0.044%): +$23 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PYTH-USDT | 0.06300 | 0.0019 | pay 0.0009% / 4h | 1h 45m | $425K | $89K | 75x |
| Short | Gate PYTH_USDT | 0.06317 | −0.0210 | pay 0.0105% / 4h | 1h 45m | $1.0M | $497K | 75x |
BloFin PYTH-USDT
Gate PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$48.02
- Price spread: +0.270% → +0.044%
- $22.58
- Slippage, 4 orders
- −$61.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$113.68
- Costs to cover
- 0.882%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 80 min ago; Gate: live order book, 2 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, 80 min ago | 3.09 bp | 16.7 bp −$17 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 5.56 bp | 28.0 bp −$28 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0425% | 1h | 0.06332 | +0.513% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDTshort | −0.0210% | 4h | 0.06317 | +0.270% | $1.0M | $497K | 75x | |
| MEXC PYTH_USDT | −0.0040% | 4h | 0.06320 | +0.317% | $9.5M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | −0.0035% | 4h | 0.06321 | +0.338% | $9.1M | $17.7M | 75x | as long as short |
| Aster PYTHUSDT | −0.0011% | 4h | 0.06313 | +0.213% | $20K | $46K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06311 | +0.172% | $187K | $19 | 5x | as long as short |
| BloFin PYTH-USDTlong | +0.0019% | 4h | 0.06300 | long leg | $425K | $89K | 75x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.635% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06325 | +0.397% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06330 | +0.476% | $190K | $204K | 5x | as long as short |
Backpack PYTH_USDC_PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06313 | +0.212% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06330 | +0.478% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06323 | +0.365% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06323 | +0.365% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06321 | +0.333% | $1.5M | $340K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06322 | +0.349% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06321 | +0.333% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06309 | +0.149% | $38K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06320 | +0.311% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06369 | +1.095% | $39K | $18K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0302% | 1h | 0.06330 | +0.476% | $387K | $291K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06318 | +0.289% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0540% | 1h | 0.06337 | +0.587% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL