Funding you earn now, next payment 01:00 UTC−0.1539%/8h= −168.6% APRpaid last 24h +0.024%
Price spread now: BingX against Deribit−0.267%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$46 a day on $10k at the current rate, and BingX is 0.267% cheaper against Deribit than usual: you would sell low and buy high (−$27 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 | 0.06363 | 0.1639 | pay 0.0205% / 1h | 44m 15s | $10K | $10K | 10x |
| Short | BingX PYTH-USDT | 0.06346 | 0.0100 | get 0.0050% / 4h | 3h 44m | — | $2.8M | — |
Deribit PYTH_USDC-PERPETUAL
BingX PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Deribit. 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
- −$323.29
- Price spread: −0.267% → 0.000%
- −$26.72
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$367.01
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; BingX: live order book, 10 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 Deribit no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 10 min ago | 3.15 bp | 15.9 bp −$16 | 40.1 bp −$401 | 236.7 bp −$23.7K | 461.6 bp −$230.8K |
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 | −0.0201% | 4h | 0.06354 | −0.141% | $424K | $113K | 75x | as long as short |
| Binance PYTHUSDT | −0.0179% | 4h | 0.06338 | −0.393% | $9.1M | $17.6M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0174% | 4h | 0.06343 | −0.314% | $9.7M | $2.4M | 125x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0137% | 1h | 0.06347 | −0.245% | $389K | $289K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06368 | +0.079% | $40K | $18K | 25x | as long as short |
| Bybit PYTHUSDT | −0.0056% | 4h | 0.06343 | −0.314% | $7.5M | $4.8M | 50x | as long as short |
| Aster PYTHUSDT | −0.0016% | 4h | 0.06349 | −0.221% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06367 | +0.063% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.619% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0040% | 1h | 0.06345 | −0.288% | $23K | — | 3x | as long as short |
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
Bybit PYTHUSDT
Aster PYTHUSDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
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 | 0.06352 | −0.173% | $201K | $198K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06354 | −0.145% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06354 | −0.145% | $1.9M | $1.6M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06341 | −0.346% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06342 | −0.330% | $1.1M | $468K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06357 | −0.094% | $1.5M | $325K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06345 | −0.283% | $2.6M | $2.1M | 75x | as long as short |
| BingX PYTH-USDTshort | +0.0100% | 4h | 0.06346 | −0.267% | — | $2.8M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06358 | −0.078% | $38K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06346 | −0.259% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06347 | −0.247% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0849% | 1h | 0.06370 | +0.115% | $35K | $91K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUALlong | +0.1639% | 1h | 0.06363 | long leg | $10K | $10K | 10x |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP