Funding you earn now, next payment 22:00 UTC−0.0111%/8h= −12.2% APRpaid last 24h −0.001%
Price spread now: Bybit against Coinbase International−1.928%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 −$3 a day on $10k at the current rate, and Bybit is 1.928% cheaper against Coinbase International than usual: you would sell low and buy high (−$193 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 | 0.06431 | 0.0080 | pay 0.0010% / 1h | 41m 10s | $40K | $6K | 25x |
| Short | Bybit PYTHUSDT | 0.06307 | −0.0031 | pay 0.0016% / 4h | 1h 41m | $7.4M | $5.1M | 50x |
Coinbase International PYTH-PERP-INTX
Bybit PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$23.41
- Price spread: −1.928% → 0.000%
- −$192.82
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$237.23
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Bybit: 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 Bybit live order book, 2 min ago | 0.79 bp | 27.0 bp −$27 | 88.3 bp −$883 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −2.659% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06305 | −1.964% | $383K | $252K | 25x | as long as short |
| Bybit PYTHUSDTshort | −0.0031% | 4h | 0.06307 | −1.928% | $7.4M | $5.1M | 50x | |
| Gate PYTH_USDT | −0.0020% | 4h | 0.06299 | −2.053% | $1.1M | $478K | 75x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0011% | 1h | 0.06304 | −1.969% | $38K | $88K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06311 | −1.861% | $187K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0018% | 4h | 0.06300 | −2.037% | $9.2M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | +0.0023% | 4h | 0.06301 | −2.021% | $9.1M | $17.0M | 75x | as long as short |
| BloFin PYTH-USDT | +0.0057% | 4h | 0.06295 | −2.115% | $420K | $115K | 75x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0067% | 1h | 0.06313 | −1.835% | $10K | $10K | 10x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
Backpack PYTH_USDC_PERP
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
BloFin PYTH-USDT
Deribit PYTH_USDC-PERPETUALShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International PYTH-PERP-INTXlong | +0.0080% | 1h | 0.06431 | long leg | $40K | $6K | 25x | |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06300 | −2.035% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06309 | −1.897% | $197K | $208K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06303 | −1.990% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06304 | −1.981% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06301 | −2.018% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06306 | −1.944% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06304 | −1.975% | $1.5M | $315K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06298 | −2.068% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06301 | −2.021% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06271 | −2.489% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06301 | −2.021% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06298 | −2.061% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP