PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h +0.013%

Price spread now: KuCoin against BloFin0.000%50s7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$626as 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−$6366.356% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.498%+$50 · spread now 0.000%, 7d avg +0.112%

Together, before fees+0.590%+$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.112% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.112%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you. The two prices were read 50 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	0.06440	0.0118	pay 0.0059% / 4h	3h 58m	$432K	$81K	75x
Short	KuCoin PYTHUSDTM	0.06440	0.0100	get 0.0050% / 4h	3h 58m	$1.5M	$351K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$3.8
Price spread: 0.000% → +0.112%: −$11.23
Slippage, 4 orders: −$611.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$650.65
Costs to cover: 6.356%
Break-even: never at this rate

Slippage from BloFin: live order book, 37 min ago; KuCoin: live order book, 7 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, 37 min ago	0.79 bp	17.5 bp −$17	27.0 bp −$270	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	7.76 bp	263.1 bp −$263	707.9 bp −$7,079	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
dYdX PYTH-USD	0.0000%	1h	0.06439	−0.018%	$191K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−2.795%	$553	$220K	5.5x	as long as short
MEXC PYTH_USDT	+0.0062%	4h	0.06430	−0.155%	$10.5M	$2.7M	125x	as long as short
Binance PYTHUSDT	+0.0067%	4h	0.06428	−0.186%	$9.2M	$18.3M	75x	as long as short
Aster PYTHUSDT	+0.0079%	4h	0.06440	+0.004%	$20K	$45K	10x	as long as short
Lighter PYTH	+0.0096%	1h	0.06441	+0.016%	$193K	$207K	5x	as long as short
Aevo PYTH-PERP	+0.0096%	1h	0.06439	−0.012%	$23K	—	3x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06428	−0.187%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06438	−0.025%	$2.3M	$1.8M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06426	−0.217%	$7.6M	$4.8M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06434	−0.093%	$2.1M	$3.5M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06423	−0.264%	$1.1M	$516K	75x	as long as short
KuCoin PYTHUSDTMshort	+0.0100%	4h	0.06440	0.000%	$1.5M	$351K	50x
Bitget PYTHUSDT	+0.0100%	4h	0.06430	−0.155%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06429	−0.171%	—	$2.7M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06440	−0.006%	$37K	$60K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06456	+0.246%	$39K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06436	−0.067%	$2K	$2K	10x	as long as short
BloFin PYTH-USDTlong	+0.0118%	4h	0.06440	long leg	$432K	$81K	75x
Coinbase International PYTH-PERP-INTX	+0.0152%	1h	0.06493	+0.823%	$40K	$19K	25x	as long as short
Kraken Futures PF_PYTHUSD	+0.0295%	1h	0.06444	+0.059%	$397K	$296K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06425	−0.230%	—	—	20x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.1147%	1h	0.06450	+0.155%	$10K	$10K	10x	as long as short