Funding you earn now, next payment 04:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.036%
Price spread now: MEXC against Deribit+0.062%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.062% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PYTH_USDC-PERPETUAL | 0.06461 | 0 | get 0.0000% / 1h | 29m 55s | $10K | $10K | 10x |
| Short | MEXC PYTH_USDT | 0.06465 | 0.0058 | get 0.0029% / 4h | 29m 55s | $10.6M | $2.7M | 125x |
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $12.18
- Price spread: +0.062% → 0.000%
- $6.19
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $11.37
- Costs to cover
- 0.070%
- Break-even
- 0.5 days
Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 2.35 bp | 7.2 bp −$7 | 39.5 bp −$395 | 107.5 bp −$10.7K | 218.7 bp −$109.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0293% | 1h | 0.06477 | +0.252% | $38K | $59K | 10x | as long as short |
| Gate PYTH_USDT | −0.0132% | 4h | 0.06456 | −0.077% | $1.1M | $513K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06453 | −0.126% | $192K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUALlong | 0.0000% | 1h | 0.06461 | long leg | $10K | $10K | 10x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.111% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0044% | 4h | 0.06393 | −1.052% | $427K | $80K | 75x | as long as short |
| MEXC PYTH_USDTshort | +0.0058% | 4h | 0.06465 | +0.062% | $10.6M | $2.7M | 125x | |
| Aster PYTHUSDT | +0.0058% | 4h | 0.06459 | −0.035% | $21K | $44K | 10x | as long as short |
| Binance PYTHUSDT | +0.0063% | 4h | 0.06465 | +0.060% | $9.2M | $18.1M | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06470 | +0.139% | $195K | $208K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Aster PYTHUSDT
Binance PYTHUSDT
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06456 | −0.076% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06446 | −0.237% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06481 | +0.308% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06464 | +0.046% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06455 | −0.093% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06465 | +0.062% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06462 | +0.015% | $2.8M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06468 | +0.108% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06387 | −1.139% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06454 | −0.111% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06440 | −0.325% | $40K | $19K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06446 | −0.233% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0405% | 1h | 0.06470 | +0.145% | $395K | $288K | 25x | as long as short |
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD