Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.13 per $10,000 · paid last 24h −0.011%
Price spread now: MEXC against BloFin−0.221%49s7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as 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−$380.380% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.433%+$43 · spread now −0.221%, 7d avg +0.020%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.241% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.020%). Swap the legs. The two prices were read 49 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 | 0.06324 | −0.0165 | get 0.0082% / 4h | 6m 22s | $420K | $114K | 75x |
| Short | MEXC PYTH_USDT | 0.06310 | −0.0190 | pay 0.0095% / 4h | 6m 22s | $9.4M | $2.4M | 125x |
BloFin PYTH-USDT
MEXC PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$5.26
- Price spread: −0.221% → +0.020%
- −$24.13
- Slippage, 4 orders
- −$26.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$67.42
- Costs to cover
- 0.380%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; MEXC: 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, 4 min ago | 0.79 bp | 11.0 bp −$11 | 19.8 bp −$198 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.79 bp | 5.4 bp −$5 | 11.5 bp −$115 | 87.1 bp −$8,712 | 188.8 bp −$94.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSD | −0.0399% | 1h | 0.06318 | −0.100% | $376K | $264K | 25x | as long as short |
| MEXC PYTH_USDTshort | −0.0190% | 4h | 0.06310 | −0.221% | $9.4M | $2.4M | 125x | |
| Binance PYTHUSDT | −0.0188% | 4h | 0.06309 | −0.237% | $9.0M | $17.2M | 75x | as long as short |
| BloFin PYTH-USDTlong | −0.0165% | 4h | 0.06324 | long leg | $420K | $114K | 75x | |
| Deribit PYTH_USDC-PERPETUAL | −0.0066% | 1h | 0.06319 | −0.079% | $10K | $10K | 10x | as long as short |
| Aster PYTHUSDT | −0.0018% | 4h | 0.06324 | +0.001% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06331 | +0.112% | $188K | $19 | 5x | as long as short |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06315 | −0.142% | $23K | — | 3x | as long as short |
| Bybit PYTHUSDT | +0.0033% | 4h | 0.06316 | −0.127% | $7.5M | $4.8M | 50x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.012% | $553 | $220K | 5.5x | as long as short |
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
Deribit PYTH_USDC-PERPETUAL
Aster PYTHUSDT
dYdX PYTH-USD
Aevo PYTH-PERP
Bybit PYTHUSDT
Injective PYTH/USDC PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | +0.0048% | 4h | 0.06318 | −0.095% | $1.1M | $477K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06323 | −0.016% | $200K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06309 | −0.241% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06320 | −0.065% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06313 | −0.174% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06326 | +0.032% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06321 | −0.047% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06314 | −0.158% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06312 | −0.195% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06314 | −0.163% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06324 | 0.000% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06310 | −0.223% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0523% | 1h | 0.06323 | −0.008% | $36K | $89K | 10x | as long as short |
Gate PYTH_USDT
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP