PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h +0.007%

Price spread now: Hyperliquid against Coinbase International−1.683%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 Hyperliquid

What this pair did over the last

the charts below follow

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 1.683% cheaper against Coinbase International than usual: you would sell low and buy high (spread −1.683% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$168 on $10k: about 34 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PYTH-PERP-INTX	0.06505	−0.0064	get 0.0008% / 1h	52m 40s	$40K	$18K	25x
Short	Hyperliquid PYTH	0.06395	0.0100	get 0.0013% / 1h	52m 40s	$2.0M	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −1.683%Rate

Funding earned: $34.44
Price spread: −1.683% → 0.000%: −$168.33
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$152.89
Costs to cover: 0.190%
Break-even: 38.1 days

Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago	3.83 bp	22.4 bp −$22	doesn't fit	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
Binance PYTHUSDT	−0.0121%	4h	0.06383	−1.878%	$9.2M	$17.8M	75x	as long as short
MEXC PYTH_USDT	−0.0120%	4h	0.06383	−1.875%	$9.7M	$2.4M	125x	as long as short
BloFin PYTH-USDT	−0.0078%	4h	0.06334	−2.629%	$429K	$112K	75x	as long as short
Coinbase International PYTH-PERP-INTXlong	−0.0064%	1h	0.06505	long leg	$40K	$18K	25x
Aster PYTHUSDT	−0.0012%	4h	0.06372	−2.040%	$20K	$46K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06376	−1.982%	$189K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−3.766%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0048%	1h	0.06377	−1.963%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06393	−1.722%	$191K	$204K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06392	−1.732%	$3K	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PYTHshort	+0.0100%	1h	0.06395	−1.683%	$2.0M	$1.6M	5x
Bybit PYTHUSDT	+0.0100%	4h	0.06390	−1.768%	$7.6M	$4.9M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06387	−1.814%	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06380	−1.922%	$1.1M	$489K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06385	−1.845%	$1.5M	$333K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06389	−1.783%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06387	−1.814%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06342	−2.513%	$38K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06372	−2.038%	$3K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06371	−2.060%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0375%	1h	0.06385	−1.843%	$392K	$291K	25x	as long as short
Backpack PYTH_USDC_PERP	+0.0567%	1h	0.06389	−1.785%	$38K	$93K	10x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.1317%	1h	0.06391	−1.752%	$10K	$10K	10x	as long as short