PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0639%/8h= −69.9% APRnext payment −$0.80 per $10,000 · paid last 24h +0.005%

Price spread now: Aevo against Deribit−0.063%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Aevo

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

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Aevo is 0.063% cheaper against Deribit than usual: you would sell low and buy high (−$6 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	Deribit PYTH_USDC-PERPETUAL	0.06357	0.0695	pay 0.0087% / 1h	33m 09s	$10K	$10K	10x
Short	Aevo PYTH-PERP	0.06353	0.0056	get 0.0007% / 1h	33m 09s	$23K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now −0.063%Rate

Funding earned: −$134.13
Price spread: −0.063% → 0.000%: −$6.29
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$163.43
Costs to cover: 0.230%
Break-even: never at this rate

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

Deribit and Aevo: 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 22 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
MEXC PYTH_USDT	−0.0098%	4h	0.06346	−0.173%	$9.6M	$2.4M	125x	as long as short
Binance PYTHUSDT	−0.0094%	4h	0.06352	−0.079%	$9.1M	$17.9M	75x	as long as short
Coinbase International PYTH-PERP-INTX	−0.0064%	1h	0.06418	+0.960%	$40K	$18K	25x	as long as short
Aster PYTHUSDT	−0.0013%	4h	0.06353	−0.069%	$20K	$46K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06369	+0.189%	$189K	$19	5x	as long as short
Gate PYTH_USDT	0.0000%	4h	0.06349	−0.126%	$1.0M	$498K	75x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.526%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERPshort	+0.0056%	1h	0.06353	−0.063%	$23K	—	3x
Lighter PYTH	+0.0096%	1h	0.06358	+0.016%	$190K	$205K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06356	−0.017%	$3K	—	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PYTH	+0.0100%	1h	0.06353	−0.060%	$2.0M	$1.7M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06355	−0.031%	$7.5M	$4.9M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06358	+0.016%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06356	−0.016%	$1.5M	$338K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06353	−0.063%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06351	−0.094%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06367	+0.150%	$38K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06352	−0.077%	$3K	$2K	10x	as long as short
Backpack PYTH_USDC_PERP	+0.0229%	1h	0.06354	−0.047%	$39K	$93K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06358	+0.016%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0377%	1h	0.06354	−0.048%	$388K	$292K	25x	as long as short
Deribit PYTH_USDC-PERPETUALlong	+0.0695%	1h	0.06357	long leg	$10K	$10K	10x