Funding you earn now, next payment 23:00 UTC−0.0335%/8h= −36.7% APRpaid last 24h +0.009%
Price spread now: BloFin against Coinbase International−0.174%58s7-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 BloFin is 0.174% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PYTH-PERP-INTX | 0.06324 | 0.0176 | pay 0.0022% / 1h | 9m 32s | $39K | $6K | 25x |
| Short | BloFin PYTH-USDT | 0.06313 | −0.0159 | pay 0.0079% / 4h | 9m 32s | $420K | $114K | 75x |
Coinbase International PYTH-PERP-INTX
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$70.31
- Price spread: −0.174% → 0.000%
- −$17.39
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$109.7
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; BloFin: live order book, 66 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 BloFin live order book, 66 min ago | 0.80 bp | 21.6 bp −$22 | 37.8 bp −$378 | 117.8 bp −$11.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSD | −0.0399% | 1h | 0.06325 | +0.016% | $376K | $264K | 25x | as long as short |
| Binance PYTHUSDT | −0.0192% | 4h | 0.06320 | −0.063% | $9.0M | $17.2M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0188% | 4h | 0.06321 | −0.047% | $9.4M | $2.4M | 125x | as long as short |
| BloFin PYTH-USDTshort | −0.0159% | 4h | 0.06313 | −0.174% | $420K | $114K | 75x | |
| Aster PYTHUSDT | −0.0022% | 4h | 0.06327 | +0.050% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06325 | +0.015% | $188K | $19 | 5x | as long as short |
| Bybit PYTHUSDT | +0.0027% | 4h | 0.06323 | −0.016% | $7.5M | $4.8M | 50x | as long as short |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06326 | +0.030% | $23K | — | 3x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.012% | $553 | $220K | 5.5x | as long as short |
| Gate PYTH_USDT | +0.0048% | 4h | 0.06317 | −0.111% | $1.1M | $477K | 75x | as long as short |
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
MEXC PYTH_USDT
Aster PYTHUSDT
dYdX PYTH-USD
Bybit PYTHUSDT
Aevo PYTH-PERP
Injective PYTH/USDC PERP
Gate PYTH_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06329 | +0.079% | $201K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06317 | −0.110% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06331 | +0.109% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06322 | −0.032% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06328 | +0.063% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06321 | −0.047% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06319 | −0.079% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06316 | −0.133% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06321 | −0.044% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTXlong | +0.0176% | 1h | 0.06324 | long leg | $39K | $6K | 25x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06323 | −0.010% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0523% | 1h | 0.06329 | +0.082% | $36K | $89K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0698% | 1h | 0.06337 | +0.206% | $10K | $10K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL