PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0283%/8h= +31.0% APRnext payment +$0.35 per $10,000 · paid last 24h −0.017%

Price spread now: Deribit against Coinbase International−0.171%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Deribit

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—needs both histories

Funding pays, the price is against you. Deribit is 0.171% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.171% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 2.0 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PYTH-PERP-INTX	0.06415	−0.0064	get 0.0008% / 1h	20m 22s	$40K	$18K	25x
Short	Deribit PYTH_USDC-PERPETUAL	0.06404	0.0219	get 0.0027% / 1h	20m 22s	$10K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −0.171%Rate

Funding earned: $59.36
Price spread: −0.171% → 0.000%: −$17.15
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $25.22
Costs to cover: 0.170%
Break-even: 4.0 days

Slippage unknown: Coinbase International: no order-book sample; Deribit: 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Coinbase International and Deribit: 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
BloFin PYTH-USDT	−0.0169%	4h	0.06381	−0.530%	$425K	$110K	75x	as long as short
Binance PYTHUSDT	−0.0142%	4h	0.06394	−0.327%	$9.2M	$17.5M	75x	as long as short
MEXC PYTH_USDT	−0.0136%	4h	0.06393	−0.343%	$9.7M	$2.4M	125x	as long as short
Kraken Futures PF_PYTHUSD	−0.0135%	1h	0.06405	−0.154%	$393K	$291K	25x	as long as short
Coinbase International PYTH-PERP-INTXlong	−0.0064%	1h	0.06415	long leg	$40K	$18K	25x
dYdX PYTH-USD	0.0000%	1h	0.06400	−0.235%	$190K	$19	5x	as long as short
Aster PYTHUSDT	+0.0011%	4h	0.06395	−0.319%	$22K	$44K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−2.416%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0048%	1h	0.06400	−0.234%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06408	−0.109%	$201K	$199K	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06389	−0.408%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06401	−0.212%	$1.9M	$1.5M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06398	−0.265%	$7.7M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06398	−0.265%	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06391	−0.374%	$1.1M	$472K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06401	−0.218%	$1.5M	$325K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06397	−0.281%	$2.6M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06396	−0.296%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06388	−0.422%	$39K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06396	−0.302%	$3K	$2K	10x	as long as short
Deribit PYTH_USDC-PERPETUALshort	+0.0219%	1h	0.06404	−0.171%	$10K	$10K	10x
Reya PYTHRUSDPERP	+0.0302%	1h	0.06394	−0.331%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0926%	1h	0.06393	−0.338%	$35K	$91K	10x	as long as short