Funding you earn now, next payment 21:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.009%
Price spread now: dYdX against Coinbase International−0.980%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 −$1 a day on $10k at the current rate, and dYdX is 0.980% cheaper against Coinbase International than usual: you would sell low and buy high (−$98 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 | 0.0048 | pay 0.0006% / 1h | 58m 17s | $40K | $9K | 25x |
| Short | dYdX PYTH-USD | 0.06368 | 0 | get 0.0000% / 1h | 58m 17s | $189K | $19 | 5x |
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$10.08
- Price spread: −0.980% → 0.000%
- −$97.96
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$128.04
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; dYdX: live order book, 30 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 dYdX live order book, 30 min ago | 79.27 bp | 84.3 bp −$84 | 148.8 bp −$1,488 | 222.4 bp −$22.2K | 692.1 bp −$346.1K |
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 | −0.0586% | 1h | 0.06350 | −1.260% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0215% | 1h | 0.06363 | −1.055% | $385K | $230K | 25x | as long as short |
| Gate PYTH_USDT | −0.0080% | 4h | 0.06358 | −1.135% | $1.1M | $462K | 75x | as long as short |
| Binance PYTHUSDT | −0.0018% | 4h | 0.06353 | −1.213% | $9.0M | $15.9M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0018% | 4h | 0.06361 | −1.088% | $9.4M | $2.4M | 125x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06368 | −0.980% | $189K | $19 | 5x | |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06372 | −0.917% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | 0.0000% | 4h | 0.06363 | −1.057% | $420K | $123K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTXlong | +0.0048% | 1h | 0.06431 | long leg | $40K | $9K | 25x | |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06362 | −1.070% | $23K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06365 | −1.026% | $197K | $203K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0098% | 8h | 0.06360 | −1.105% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06367 | −0.989% | $1.7M | $1.4M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06371 | −0.940% | $20K | $26K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06363 | −1.057% | $7.4M | $5.0M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06357 | −1.151% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06371 | −0.933% | $1.5M | $319K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06367 | −0.995% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06363 | −1.057% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06369 | −0.970% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06363 | −1.051% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06358 | −1.134% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0508% | 1h | 0.06371 | −0.931% | $39K | $90K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
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