PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h +0.022%

Price spread now: Coinbase International against dYdX+2.377%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Coinbase International is 2.377% dearer against dYdX than usual: you sell high and buy low (spread +2.377% now, against zero (this spread has no 7-day history yet)): +$238 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PYTH-USD	0.06354	0	get 0.0000% / 1h	54m 29s	$189K	$19	5x
Short	Coinbase International PYTH-PERP-INTX	0.06505	−0.0064	pay 0.0008% / 1h	54m 29s	$40K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now +2.377%Rate

Funding earned: −$13.44
Price spread: +2.377% → 0.000%: $237.67
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $204.23
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: dYdX: live order book, 15 min ago; Coinbase International: 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 dYdX live order book, 15 min ago	45.53 bp	71.4 bp −$71	172.5 bp −$1,725	196.0 bp −$19.6K	878.0 bp −$439.0K
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Binance PYTHUSDT	−0.0122%	4h	0.06340	−0.227%	$9.1M	$17.8M	75x	as long as short
MEXC PYTH_USDT	−0.0120%	4h	0.06343	−0.173%	$9.6M	$2.4M	125x	as long as short
BloFin PYTH-USDT	−0.0081%	4h	0.06339	−0.236%	$428K	$112K	75x	as long as short
Coinbase International PYTH-PERP-INTXshort	−0.0064%	1h	0.06505	+2.377%	$40K	$18K	25x
Aster PYTHUSDT	−0.0020%	4h	0.06354	−0.006%	$20K	$46K	10x	as long as short
dYdX PYTH-USDlong	0.0000%	1h	0.06354	long leg	$189K	$19	5x
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.479%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0048%	1h	0.06348	−0.093%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06360	+0.095%	$190K	$204K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06340	−0.218%	$3K	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PYTH	+0.0100%	1h	0.06349	−0.077%	$2.0M	$1.6M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06347	−0.110%	$7.6M	$4.9M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06344	−0.157%	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06338	−0.252%	$1.0M	$488K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06346	−0.126%	$1.5M	$331K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06344	−0.157%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06346	−0.126%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06342	−0.196%	$38K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06343	−0.178%	$3K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06339	−0.239%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0377%	1h	0.06355	+0.022%	$390K	$291K	25x	as long as short
Backpack PYTH_USDC_PERP	+0.0523%	1h	0.06356	+0.025%	$38K	$93K	10x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.1325%	1h	0.06361	+0.110%	$10K	$10K	10x	as long as short