Funding you earn now, next payment 21:00 UTC−0.0634%/8h= −69.4% APRnext payment −$0.79 per $10,000 · paid last 24h −0.022%
Price spread now: Injective against Coinbase International−1.260%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 −$19 a day on $10k at the current rate, and Injective is 1.260% cheaper against Coinbase International than usual: you would sell low and buy high (−$126 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 | 16m 29s | $40K | $6K | 25x |
| Short | Injective PYTH/USDC PERP | 0.06350 | −0.0586 | pay 0.0073% / 1h | 16m 29s | $561 | $180K | 5.5x |
Coinbase International PYTH-PERP-INTX
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$133.18
- Price spread: −1.260% → 0.000%
- −$125.95
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$269.15
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Injective: 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 Injective no order-book sample | — | — | — | — | — |
Coinbase International and Injective: 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 PERPshort | −0.0586% | 1h | 0.06350 | −1.260% | $561 | $180K | 5.5x | |
| Deribit PYTH_USDC-PERPETUAL | −0.0537% | 1h | 0.06347 | −1.306% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06346 | −1.316% | $384K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0020% | 4h | 0.06345 | −1.337% | $1.1M | $466K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06351 | −1.250% | $189K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0013% | 4h | 0.06338 | −1.446% | $423K | $117K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0022% | 4h | 0.06338 | −1.446% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | +0.0023% | 4h | 0.06339 | −1.432% | $9.1M | $15.9M | 75x | as long as short |
| Coinbase International PYTH-PERP-INTXlong | +0.0048% | 1h | 0.06431 | long leg | $40K | $6K | 25x | |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06340 | −1.415% | $23K | — | 3x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
dYdX PYTH-USD
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
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 | 0.06349 | −1.275% | $196K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06337 | −1.463% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06345 | −1.337% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06338 | −1.443% | $20K | $24K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06341 | −1.399% | $7.4M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06337 | −1.462% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06345 | −1.337% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06341 | −1.399% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06338 | −1.446% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06348 | −1.288% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06341 | −1.398% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0215% | 1h | 0.06348 | −1.298% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06333 | −1.525% | — | — | 20x | 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
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP