Funding you earn now, next payment 00:00 UTC−0.0126%/8h= −13.7% APRpaid last 24h +0.019%
Price spread now: Binance against dYdX−0.229%7-day average −0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$210as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2212.213% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.229%, 7d avg −0.127%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.102% cheaper against dYdX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.127%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.113%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PYTH-USD | 0.06335 | 0 | get 0.0000% / 1h | 35m 09s | $188K | $19 | 5x |
| Short | Binance PYTHUSDT | 0.06320 | −0.0126 | pay 0.0063% / 4h | 35m 09s | $9.0M | $17.1M | 75x |
dYdX PYTH-USD
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against dYdX. 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
- −$26.36
- Price spread: −0.229% → −0.127%
- −$10.21
- Slippage, 4 orders
- −$201.34
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$257.92
- Costs to cover
- 2.213%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 44 min ago; Binance: live order book, 6 min ago.
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 dYdX live order book, 44 min ago | 91.50 bp | 96.5 bp −$96 | 137.9 bp −$1,379 | 173.1 bp −$17.3K | 534.5 bp −$267.2K |
| Sell Binance live order book, 6 min ago | 0.79 bp | 13.3 bp −$13 | 43.9 bp −$439 | 312.0 bp −$31.2K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSD | −0.0398% | 1h | 0.06330 | −0.080% | $377K | $264K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0131% | 4h | 0.06326 | −0.141% | $422K | $114K | 75x | as long as short |
| Binance PYTHUSDTshort | −0.0126% | 4h | 0.06320 | −0.229% | $9.0M | $17.1M | 75x | |
| MEXC PYTH_USDT | −0.0118% | 4h | 0.06324 | −0.172% | $9.5M | $2.4M | 125x | as long as short |
| dYdX PYTH-USDlong | 0.0000% | 1h | 0.06335 | long leg | $188K | $19 | 5x | |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06332 | −0.046% | $10K | $10K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0014% | 4h | 0.06327 | −0.125% | $7.5M | $4.8M | 50x | as long as short |
| Gate PYTH_USDT | +0.0032% | 4h | 0.06323 | −0.188% | $1.1M | $474K | 75x | as long as short |
| Aster PYTHUSDT | +0.0033% | 4h | 0.06337 | +0.036% | $22K | $44K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.183% | $553 | $220K | 5.5x | as long as short |
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
MEXC PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
Bybit PYTHUSDT
Gate PYTH_USDT
Aster PYTHUSDT
Injective PYTH/USDC PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06327 | −0.120% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06334 | −0.015% | $200K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06321 | −0.224% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06331 | −0.062% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06330 | −0.078% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06333 | −0.030% | $1.5M | $313K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06323 | −0.188% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06328 | −0.109% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06327 | −0.121% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06328 | −0.112% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06328 | −0.109% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06324 | −0.165% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0500% | 1h | 0.06334 | −0.013% | $36K | $89K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
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
Backpack PYTH_USDC_PERP