Funding you earn now, next payment 06:00 UTC−0.0323%/8h= −35.3% APRpaid last 24h −0.028%
Price spread now: Binance against Coinbase International−1.743%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Binance is 1.743% cheaper against Coinbase International than usual: you would sell low and buy high (−$174 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PYTH-PERP-INTX | 0.06427 | 0.0368 | pay 0.0046% / 1h | 8m 52s | $40K | $19K | 25x |
| Short | Binance PYTHUSDT | 0.06315 | 0.0045 | get 0.0023% / 4h | 1h 08m | $8.9M | $19.5M | 75x |
Coinbase International PYTH-PERP-INTX
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- −$67.79
- Price spread: −1.743% → 0.000%
- −$174.26
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$262.05
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 2 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 1.58 bp | 17.2 bp −$17 | 39.2 bp −$392 | 161.6 bp −$16.2K | doesn't fit |
Coinbase International: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0017% | 1h | 0.06326 | −1.579% | $35K | $67K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06321 | −1.649% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | +0.0023% | 1h | 0.06324 | −1.606% | $188K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.598% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0044% | 4h | 0.06315 | −1.743% | $10.4M | $2.7M | 125x | as long as short |
| Binance PYTHUSDTshort | +0.0045% | 4h | 0.06315 | −1.743% | $8.9M | $19.5M | 75x | |
| BloFin PYTH-USDT | +0.0054% | 4h | 0.06320 | −1.665% | $423K | $72K | 75x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06320 | −1.662% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06328 | −1.540% | $194K | $218K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06312 | −1.797% | $3K | — | 10x | as long as short |
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Injective PYTH/USDC PERP
MEXC PYTH_USDT
BloFin PYTH-USDT
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06326 | −1.578% | $2.2M | $2.0M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06315 | −1.745% | $21K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06322 | −1.634% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06318 | −1.696% | $2.1M | $3.6M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06316 | −1.727% | $1.0M | $537K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06321 | −1.649% | $1.5M | $370K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06317 | −1.712% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06316 | −1.727% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06317 | −1.714% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06319 | −1.687% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0131% | 1h | 0.06325 | −1.583% | $383K | $318K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06318 | −1.689% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTXlong | +0.0368% | 1h | 0.06427 | long leg | $40K | $19K | 25x |
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP