Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.002%
Price spread now: Gate against Bybit−0.127%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1101.102% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now −0.127%, 7d avg −0.042%
=Funding pays, the price is against you. Gate is 0.085% cheaper against Bybit than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of −0.042%). If the spread goes back, that is −$8 on $10k: about 28 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06289 | −0.0052 | get 0.0026% / 4h | 1h 24m | $7.4M | $5.1M | 50x |
| Short | Gate PYTH_USDT | 0.06281 | −0.0042 | pay 0.0021% / 4h | 1h 24m | $1.1M | $479K | 75x |
Bybit PYTHUSDT
Gate PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- $2.1
- Price spread: −0.127% → −0.042%
- −$8.5
- Slippage, 4 orders
- −$84.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$116.63
- Costs to cover
- 1.102%
- Break-even
- 395.0 days
Slippage from Bybit: live order book, 4 min ago; Gate: 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 Bybit live order book, 4 min ago | 2.39 bp | 22.7 bp −$23 | 81.8 bp −$818 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.19 bp | 28.7 bp −$29 | doesn't fit | 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 | −0.461% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06288 | −0.015% | $382K | $252K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0094% | 4h | 0.06276 | −0.207% | $420K | $114K | 75x | as long as short |
| Bybit PYTHUSDTlong | −0.0052% | 4h | 0.06289 | long leg | $7.4M | $5.1M | 50x | |
| Binance PYTHUSDT | −0.0047% | 4h | 0.06287 | −0.025% | $9.1M | $17.1M | 75x | as long as short |
| Gate PYTH_USDTshort | −0.0042% | 4h | 0.06281 | −0.127% | $1.1M | $479K | 75x | |
| MEXC PYTH_USDT | −0.0042% | 4h | 0.06289 | 0.000% | $9.2M | $2.3M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06289 | +0.001% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06292 | +0.048% | $10K | $10K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06285 | −0.059% | $22K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.258% | $40K | $6K | 25x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06296 | +0.111% | $196K | $210K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06286 | −0.048% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06293 | +0.064% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06282 | −0.113% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06285 | −0.064% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06287 | −0.032% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06290 | +0.016% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06287 | −0.032% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06292 | +0.052% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06277 | −0.195% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06287 | −0.040% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06282 | −0.112% | — | — | 20x | as long as short |
Coinbase International PYTH-PERP-INTX
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP