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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%
Price spread now: Orderly against Bybit+0.009%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PYTHUSDT0.063180.0100pay 0.0050% / 4h1h 07m$7.5M$4.9M50x
ShortOrderly PERP_PYTH_USDC_mythos0.063190.0100get 0.0050% / 4h1h 07m$2K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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: +0.009% → 0.000%
$0.95
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$16.05
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago3.16 bp30.8 bp −$3188.8 bp −$888doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0014%1h0.06328+0.157%$35K$67K10xas long as short
dYdX PYTH-USD+0.0022%1h0.06324+0.092%$188K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−0.918%$553$220K5.5xas long as short
MEXC PYTH_USDT+0.0044%4h0.06319+0.016%$10.4M$2.7M125xas long as short
Binance PYTHUSDT+0.0049%4h0.06312−0.101%$8.9M$19.5M75xas long as short
BloFin PYTH-USDT+0.0054%4h0.06320+0.032%$423K$72K75xas long as short
Deribit PYTH_USDC-PERPETUAL+0.0066%1h0.06333+0.237%$10K$10K10xas long as short
Lighter PYTH+0.0096%1h0.06323+0.079%$194K$218K5xas long as short
Aevo PYTH-PERP+0.0096%1h0.06321+0.047%$23K3xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06316−0.037%$3K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PYTH+0.0100%1h0.06323+0.073%$2.2M$2.0M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06315−0.043%$21K$46K10xas long as short
Bybit PYTHUSDTlong+0.0100%4h0.06318long leg$7.5M$4.9M50x
OKX PYTH-USDT-SWAP+0.0100%4h0.06316−0.032%$2.1M$3.6M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06316−0.032%$1.0M$537K75xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06322+0.063%$1.5M$370K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06317−0.016%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.063180.000%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06317−0.018%$40K$27Kas long as short
Orderly PERP_PYTH_USDC_mythosshort+0.0100%4h0.06319+0.009%$2K$2K10x
Kraken Futures PF_PYTHUSD+0.0131%1h0.06324+0.090%$383K$318K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06319+0.023%20xas long as short
Coinbase International PYTH-PERP-INTX+0.0368%1h0.06427+1.725%$40K$19K25xas long as short