Funding you earn now, next payment 03:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.013%
Price spread now: Paradex against Deribit−0.095%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
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Paradex is 0.095% cheaper against Deribit than usual: you would sell low and buy high (−$9 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 | 0.06394 | 0.0219 | pay 0.0027% / 1h | 16m 11s | $10K | $10K | 10x |
| Short | Paradex PYTH-USD-PERP | 0.06388 | 0.0100 | get 0.0100% / 8h | 5h 16m | $3K | — | 10x |
Deribit PYTH_USDC-PERPETUAL
Paradex PYTH-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$25.1
- Price spread: −0.095% → 0.000%
- −$9.5
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$45.6
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Paradex: 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 Paradex no order-book sample | — | — | — | — | — |
Deribit and Paradex: 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 | −0.0353% | 1h | 0.06402 | +0.130% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0196% | 4h | 0.06385 | −0.141% | $1.0M | $503K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0032% | 4h | 0.06377 | −0.266% | $354K | $87K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06399 | +0.074% | $190K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0002% | 4h | 0.06383 | −0.172% | $9.5M | $2.5M | 125x | as long as short |
| Binance PYTHUSDT | +0.0008% | 4h | 0.06380 | −0.212% | $9.2M | $17.8M | 75x | as long as short |
| Aster PYTHUSDT | +0.0027% | 4h | 0.06393 | −0.009% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.096% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06387 | −0.103% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06389 | −0.078% | $192K | $204K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERPshort | +0.0100% | 8h | 0.06388 | −0.095% | $3K | — | 10x | |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06397 | +0.042% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06385 | −0.141% | $7.6M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06380 | −0.219% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06388 | −0.094% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06388 | −0.094% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06390 | −0.063% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06367 | −0.425% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06388 | −0.097% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06395 | +0.016% | $40K | $18K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUALlong | +0.0219% | 1h | 0.06394 | long leg | $10K | $10K | 10x | |
| Kraken Futures PF_PYTHUSD | +0.0300% | 1h | 0.06391 | −0.046% | $390K | $291K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06388 | −0.099% | — | — | 20x | as long as short |
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
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP