PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: BingX against dYdX−0.108%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1081.076% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.108%, 7d avg −0.092%

Together, before fees+0.268%+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.092%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PYTH-USD	0.06388	0	get 0.0000% / 1h	33m 15s	$190K	$19	5x
Short	BingX PYTH-USDT	0.06381	0.0100	get 0.0050% / 4h	3h 33m	—	$2.7M	—

Funding history

latest

Range statsloading…

BingX against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee dYdXbpFee BingXbpOrdersPrice spread, now −0.108%Rate

Slippage from dYdX: live order book, 21 min ago; BingX: live order book, 1 min ago.

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, 21 min ago	30.27 bp	35.3 bp −$35	148.3 bp −$1,483	196.6 bp −$19.7K	631.4 bp −$315.7K
Sell BingX live order book, 1 min ago	3.13 bp	15.2 bp −$15	31.5 bp −$315	159.6 bp −$16.0K	366.8 bp −$183.4K

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
Deribit PYTH_USDC-PERPETUAL	−0.0532%	1h	0.06386	−0.030%	$10K	$10K	10x	as long as short
dYdX PYTH-USDlong	0.0000%	1h	0.06388	long leg	$190K	$19	5x
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−2.002%	$553	$220K	5.5x	as long as short
BloFin PYTH-USDT	+0.0075%	4h	0.06382	−0.093%	$428K	$78K	75x	as long as short
Binance PYTHUSDT	+0.0077%	4h	0.06379	−0.139%	$9.1M	$18.3M	75x	as long as short
MEXC PYTH_USDT	+0.0078%	4h	0.06380	−0.124%	$10.4M	$2.7M	125x	as long as short
Aster PYTHUSDT	+0.0095%	4h	0.06389	+0.019%	$20K	$45K	10x	as long as short
Lighter PYTH	+0.0096%	1h	0.06391	+0.048%	$192K	$208K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06376	−0.185%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06391	+0.041%	$2.3M	$1.8M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PYTHUSDT	+0.0100%	4h	0.06383	−0.077%	$7.5M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06383	−0.077%	$2.1M	$3.5M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06373	−0.233%	$1.0M	$518K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06382	−0.093%	$1.5M	$346K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06381	−0.108%	$2.7M	$2.1M	75x	as long as short
BingX PYTH-USDTshort	+0.0100%	4h	0.06381	−0.108%	—	$2.7M	—
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06388	+0.006%	$38K	$63K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06383	−0.071%	$39K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06382	−0.094%	$2K	$2K	10x	as long as short
Aevo PYTH-PERP	+0.0104%	1h	0.06388	+0.006%	$23K	—	3x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0152%	1h	0.06493	+1.645%	$40K	$19K	25x	as long as short
Kraken Futures PF_PYTHUSD	+0.0297%	1h	0.06388	+0.001%	$394K	$297K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06380	−0.130%	—	—	20x	as long as short