PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0105%/8h= −11.5% APRnext payment −$0.53 per $10,000 · paid last 24h −0.007%

Price spread now: Binance against Bybit−0.031%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1051.047% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.031%, 7d avg −0.045%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PYTHUSDT	0.06373	0.0100	pay 0.0050% / 4h	1h 20m	$7.6M	$4.7M	50x
Short	Binance PYTHUSDT	0.06371	−0.0005	pay 0.0003% / 4h	1h 20m	$9.1M	$17.8M	75x

Funding history

latest

Range statsloading…

Binance against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now −0.031%Rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	1.57 bp	36.2 bp −$36	91.3 bp −$913	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.79 bp	16.6 bp −$17	42.8 bp −$428	267.3 bp −$26.7K	doesn't fit

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	−0.0380%	1h	0.06376	+0.052%	$39K	$50K	10x	as long as short
Gate PYTH_USDT	−0.0198%	4h	0.06367	−0.094%	$1.0M	$503K	75x	as long as short
BloFin PYTH-USDT	−0.0013%	4h	0.06371	−0.031%	$353K	$87K	75x	as long as short
MEXC PYTH_USDT	−0.0010%	4h	0.06372	−0.016%	$9.5M	$2.5M	125x	as long as short
Binance PYTHUSDTshort	−0.0005%	4h	0.06371	−0.031%	$9.1M	$17.8M	75x
dYdX PYTH-USD	0.0000%	1h	0.06373	−0.004%	$189K	$19	5x	as long as short
Aster PYTHUSDT	+0.0014%	4h	0.06377	+0.064%	$20K	$46K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.773%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0080%	1h	0.06371	−0.027%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06380	+0.110%	$192K	$204K	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06372	−0.009%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06378	+0.072%	$2.0M	$1.7M	5x	as long as short
Bybit PYTHUSDTlong	+0.0100%	4h	0.06373	long leg	$7.6M	$4.7M	50x
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06372	−0.016%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06377	+0.063%	$1.5M	$342K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06372	−0.016%	$2.7M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06375	+0.031%	—	$2.7M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06367	−0.097%	$38K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06374	+0.009%	$3K	$2K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0176%	1h	0.06385	+0.188%	$40K	$18K	25x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0221%	1h	0.06374	+0.016%	$10K	$10K	10x	as long as short
Kraken Futures PF_PYTHUSD	+0.0300%	1h	0.06375	+0.034%	$389K	$291K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06371	−0.036%	—	—	20x	as long as short