Funding you earn now, next payment 23:00 UTC−0.0387%/8h= −42.4% APRnext payment −$0.48 per $10,000 · paid last 24h +0.011%
Price spread now: Deribit against dYdX−0.193%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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Deribit is 0.193% cheaper against dYdX than usual: you would sell low and buy high (−$19 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 | dYdX PYTH-USD | 0.06289 | 0 | get 0.0000% / 1h | 17m 25s | $187K | $19 | 5x |
| Short | Deribit PYTH_USDC-PERPETUAL | 0.06277 | −0.0387 | pay 0.0048% / 1h | 17m 25s | $10K | $10K | 10x |
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$81.24
- Price spread: −0.193% → 0.000%
- −$19.27
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$117.51
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: dYdX: live order book, 2 min ago; Deribit: 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, 2 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 Deribit no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −0.463% | $553 | $220K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUALshort | −0.0387% | 1h | 0.06277 | −0.193% | $10K | $10K | 10x | |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06279 | −0.155% | $381K | $252K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0096% | 4h | 0.06280 | −0.145% | $419K | $114K | 75x | as long as short |
| Binance PYTHUSDT | −0.0062% | 4h | 0.06274 | −0.240% | $9.0M | $17.1M | 75x | as long as short |
| Bybit PYTHUSDT | −0.0056% | 4h | 0.06280 | −0.145% | $7.4M | $5.1M | 50x | as long as short |
| MEXC PYTH_USDT | −0.0054% | 4h | 0.06275 | −0.225% | $9.1M | $2.3M | 125x | as long as short |
| Gate PYTH_USDT | −0.0032% | 4h | 0.06273 | −0.256% | $1.1M | $480K | 75x | as long as short |
| dYdX PYTH-USDlong | 0.0000% | 1h | 0.06289 | long leg | $187K | $19 | 5x | |
| Aevo PYTH-PERP | +0.0064% | 1h | 0.06279 | −0.155% | $22K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
Binance PYTHUSDT
Bybit PYTHUSDT
MEXC PYTH_USDT
Gate PYTH_USDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.256% | $40K | $6K | 25x | as long as short |
| Aster PYTHUSDT | +0.0089% | 4h | 0.06281 | −0.129% | $25K | $40K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06284 | −0.081% | $196K | $210K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06268 | −0.332% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06283 | −0.104% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06276 | −0.209% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06282 | −0.113% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06285 | −0.066% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06277 | −0.193% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06285 | −0.072% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06291 | +0.033% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06278 | −0.170% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06276 | −0.202% | — | — | 20x | as long as short |
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP