Funding you earn now, next payment 01:00 UTC+0.0297%/8h= +32.5% APRpaid last 24h +0.011%
Price spread now: Lighter against BloFin−0.109%7-day average +0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 3 days (all we have)+0.405%+$40 · spread now −0.109%, 7d avg +0.148%
=Together, before fees+0.489%+ Points / potential airdropLighter: Season 3 · farm board+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.258% cheaper against BloFin than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.148%). If the spread goes back, that is −$26 on $10k: about 2.9 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.084% in total) that is about 22 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.084% in total (about 4.4% a year). A funding rate is set anew for every payment. 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 | 0.06393 | −0.0201 | get 0.0100% / 4h | 3h 18m | $429K | $110K | 75x |
| Short | Lighter PYTH | 0.06386 | 0.0096 | get 0.0012% / 1h | 18m 18s | $201K | $199K | 5x |
BloFin PYTH-USDT
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $62.34
- Price spread: −0.109% → +0.148%
- −$25.78
- Slippage, 4 orders
- −$31.13
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$6.57
- Costs to cover
- 0.431%
- Break-even
- 7.7 days
Slippage from BloFin: live order book, 52 min ago; Lighter: live order book, 37 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, 52 min ago | 0.79 bp | 11.0 bp −$11 | 19.8 bp −$198 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 37 min ago | 3.14 bp | 6.8 bp −$7 | 67.6 bp −$676 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDTlong | −0.0201% | 4h | 0.06393 | long leg | $429K | $110K | 75x | |
| MEXC PYTH_USDT | −0.0140% | 4h | 0.06371 | −0.344% | $9.7M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0138% | 4h | 0.06380 | −0.197% | $9.2M | $17.5M | 75x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0136% | 1h | 0.06401 | +0.123% | $393K | $291K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06415 | +0.344% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06374 | −0.301% | $189K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0012% | 4h | 0.06375 | −0.282% | $22K | $44K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.080% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06391 | −0.039% | $23K | — | 3x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06386 | −0.109% | $201K | $199K | 5x |
MEXC PYTH_USDT
Binance PYTHUSDT
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06369 | −0.379% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06389 | −0.069% | $1.9M | $1.5M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06389 | −0.063% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06390 | −0.047% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06380 | −0.203% | $1.1M | $473K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06378 | −0.235% | $1.5M | $325K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06378 | −0.235% | $2.6M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06383 | −0.156% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06388 | −0.079% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06381 | −0.186% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06378 | −0.234% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0930% | 1h | 0.06392 | −0.019% | $35K | $91K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1312% | 1h | 0.06411 | +0.282% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL