PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.64 per $10,000 · paid last 24h +0.016%

Price spread now: Variational Omni against Bybit−0.067%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.067% cheaper against Bybit than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 42 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PYTHUSDT	0.06308	−0.0028	get 0.0014% / 4h	1h 39m	$7.4M	$5.1M	50x
Short	Variational Omni PYTH	0.06304	0.0100	get 0.0050% / 4h	1h 39m	$44K	$22K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee BybitbpFee Variational OmnibpOrdersPrice spread, now −0.067%Rate

Funding earned: $26.85
Price spread: −0.067% → 0.000%: −$6.7
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.15
Costs to cover: 0.110%
Break-even: 4.6 days

Slippage unknown: Bybit: live order book, 4 min ago; Variational Omni: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	0.79 bp	20.8 bp −$21	81.7 bp −$817	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PYTH/USDC PERP	−0.0428%	1h	0.06260	−0.761%	$553	$220K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0208%	1h	0.06299	−0.144%	$383K	$252K	25x	as long as short
Bybit PYTHUSDTlong	−0.0028%	4h	0.06308	long leg	$7.4M	$5.1M	50x
Gate PYTH_USDT	−0.0008%	4h	0.06302	−0.095%	$1.1M	$478K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06313	+0.080%	$187K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06311	+0.048%	$10K	$10K	10x	as long as short
Binance PYTHUSDT	+0.0017%	4h	0.06303	−0.079%	$9.1M	$17.0M	75x	as long as short
MEXC PYTH_USDT	+0.0020%	4h	0.06297	−0.174%	$9.2M	$2.3M	125x	as long as short
BloFin PYTH-USDT	+0.0068%	4h	0.06297	−0.174%	$420K	$115K	75x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0080%	1h	0.06431	+1.950%	$40K	$6K	25x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack PYTH_USDC_PERP	+0.0087%	1h	0.06307	−0.016%	$38K	$88K	10x	as long as short
Aevo PYTH-PERP	+0.0088%	1h	0.06300	−0.127%	$22K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06308	0.000%	$197K	$208K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06309	+0.016%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06305	−0.046%	$1.7M	$1.5M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06301	−0.108%	$25K	$40K	10x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06305	−0.048%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06308	0.000%	$1.5M	$315K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06306	−0.032%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06304	−0.063%	—	$2.8M	—	as long as short
Variational Omni PYTHshort	+0.0100%	4h	0.06304	−0.067%	$44K	$22K	—
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06306	−0.038%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06304	−0.062%	—	—	20x	as long as short