Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against BloFin−0.302%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 3 days (all we have)+0.709%+$71 · spread now −0.302%, 7d avg +0.050%
=Funding pays, the price is against you. OKX is 0.352% cheaper against BloFin than usual: you would sell low and buy high (spread −0.302% now, against its 7-day average of +0.050%). If the spread goes back, that is −$35 on $10k: about 2 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.079% in total) that is about 31 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PYTH-USDT | 0.06287 | 0.0082 | pay 0.0041% / 4h | 1h 53m | $419K | $115K | 75x |
| Short | OKX PYTH-USDT-SWAP | 0.06268 | 0.0100 | get 0.0050% / 4h | 1h 53m | $2.1M | $3.4M | 50x |
BloFin PYTH-USDT
OKX PYTH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $3.69
- Price spread: −0.302% → +0.050%
- −$35.25
- Slippage, 4 orders
- −$42.21
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$95.76
- Costs to cover
- 0.642%
- Break-even
- 188.5 days
Slippage from BloFin: live order book, 27 min ago; OKX: live order book, 4 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, 27 min ago | 0.79 bp | 15.2 bp −$15 | 29.8 bp −$298 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.60 bp | 19.6 bp −$20 | 76.6 bp −$766 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −0.429% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0209% | 1h | 0.06266 | −0.328% | $381K | $253K | 25x | as long as short |
| Gate PYTH_USDT | −0.0036% | 4h | 0.06268 | −0.302% | $1.1M | $476K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06276 | −0.169% | $186K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06272 | −0.239% | $10K | $10K | 10x | as long as short |
| MEXC PYTH_USDT | +0.0034% | 4h | 0.06264 | −0.366% | $9.2M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | +0.0036% | 4h | 0.06264 | −0.362% | $9.0M | $16.9M | 75x | as long as short |
| Bybit PYTHUSDT | +0.0041% | 4h | 0.06271 | −0.254% | $7.4M | $5.1M | 50x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.290% | $40K | $6K | 25x | as long as short |
| BloFin PYTH-USDTlong | +0.0082% | 4h | 0.06287 | long leg | $419K | $115K | 75x |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
Binance PYTHUSDT
Bybit PYTHUSDT
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06265 | −0.350% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06280 | −0.111% | $197K | $208K | 5x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0097% | 1h | 0.06277 | −0.157% | $38K | $88K | 10x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06270 | −0.269% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06272 | −0.243% | $1.6M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06273 | −0.223% | $19K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAPshort | +0.0100% | 4h | 0.06268 | −0.302% | $2.1M | $3.4M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06276 | −0.175% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06266 | −0.334% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06271 | −0.254% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06271 | −0.247% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06273 | −0.218% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06268 | −0.309% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Backpack PYTH_USDC_PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP