Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%
Price spread now: BingX against Bybit−0.031%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1131.128% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.058%+$6 on $10k
Price spread, last 7 days+0.038%+$4 · spread now −0.031%, 7d avg −0.015%
Together, before fees+0.096%+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PYTHUSDT0.063670.0100pay 0.0050% / 4h1h 20m$7.6M$4.7M50x
ShortBingX PYTH-USDT0.063650.0100get 0.0050% / 4h1h 20m$2.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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

Funding earned
$0
Price spread: −0.031% → −0.015%
−$1.6
Slippage, 4 orders
−$91.82
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$114.42
Costs to cover
1.128%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago1.57 bp36.2 bp −$3691.3 bp −$913doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago3.94 bp20.2 bp −$2042.8 bp −$428197.5 bp −$19.8K434.3 bp −$217.2K

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack PYTH_USDC_PERP−0.0380%1h0.06376+0.146%$39K$50K10xas long as short
Gate PYTH_USDT−0.0212%4h0.06364−0.047%$1.0M$503K75xas long as short
BloFin PYTH-USDT−0.0013%4h0.06371+0.063%$353K$87K75xas long as short
Binance PYTHUSDT−0.0005%4h0.06364−0.047%$9.1M$17.8M75xas long as short
MEXC PYTH_USDT−0.0004%4h0.06368+0.016%$9.5M$2.5M125xas long as short
dYdX PYTH-USD0.0000%1h0.06373+0.090%$189K$195xas long as short
Aster PYTHUSDT+0.0014%4h0.06377+0.161%$20K$46K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.681%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0080%1h0.06371+0.068%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06375+0.126%$191K$204K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PYTH-USD-PERP+0.0100%8h0.06357−0.161%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06378+0.166%$2.0M$1.7M5xas long as short
Bybit PYTHUSDTlong+0.0100%4h0.06367long leg$7.6M$4.7M50x
OKX PYTH-USDT-SWAP+0.0100%4h0.06364−0.047%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06371+0.063%$1.5M$342K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06361−0.094%$2.7M$2.1M75xas long as short
BingX PYTH-USDTshort+0.0100%4h0.06365−0.031%$2.7M
Variational Omni PYTH+0.0100%4h0.06367−0.003%$38K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06374+0.104%$3K$2K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0176%1h0.06385+0.283%$40K$18K25xas long as short
Deribit PYTH_USDC-PERPETUAL+0.0221%1h0.06374+0.110%$10K$10K10xas long as short
Kraken Futures PF_PYTHUSD+0.0300%1h0.06375+0.129%$389K$291K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06371+0.058%20xas long as short