Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.029%
Price spread now: Hyperliquid against dYdX+0.356%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1371.367% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 4 days (all we have)−0.405%−$40 · spread now +0.356%, 7d avg −0.036%
=Together, before fees−0.201%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.393% dearer against dYdX than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PYTH-USD | 0.06307 | 0 | get 0.0000% / 1h | 57m 24s | $187K | $19 | 5x |
| Short | Hyperliquid PYTH | 0.06329 | 0.0100 | get 0.0013% / 1h | 57m 24s | $2.0M | $1.6M | 5x |
dYdX PYTH-USD
Hyperliquid PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $21
- Price spread: +0.356% → −0.036%
- $39.26
- Slippage, 4 orders
- −$117.68
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$76.42
- Costs to cover
- 1.367%
- Break-even
- 32.5 days
Slippage from dYdX: live order book, 2 min ago; Hyperliquid: live order book, 3 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, 2 min ago | 31.53 bp | 36.5 bp −$37 | 129.0 bp −$1,290 | 279.5 bp −$28.0K | 1200.7 bp −$600.4K |
| Sell Hyperliquid live order book, 3 min ago | 2.68 bp | 18.1 bp −$18 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0320% | 1h | 0.06323 | +0.261% | $37K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0198% | 4h | 0.06313 | +0.096% | $1.0M | $503K | 75x | as long as short |
| dYdX PYTH-USDlong | 0.0000% | 1h | 0.06307 | long leg | $187K | $19 | 5x | |
| BloFin PYTH-USDT | +0.0002% | 4h | 0.06331 | +0.382% | $428K | $86K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0014% | 4h | 0.06319 | +0.191% | $10.0M | $2.5M | 125x | as long as short |
| Aster PYTHUSDT | +0.0015% | 4h | 0.06313 | +0.089% | $20K | $43K | 10x | as long as short |
| Binance PYTHUSDT | +0.0015% | 4h | 0.06325 | +0.287% | $9.0M | $17.9M | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.744% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06329 | +0.352% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06312 | +0.080% | $190K | $206K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
MEXC PYTH_USDT
Aster PYTHUSDT
Binance 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-PERP | +0.0100% | 8h | 0.06298 | −0.135% | $3K | — | 10x | as long as short |
| Hyperliquid PYTHshort | +0.0100% | 1h | 0.06329 | +0.356% | $2.0M | $1.6M | 5x | |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06327 | +0.318% | $7.5M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06330 | +0.366% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06325 | +0.287% | $1.5M | $343K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06321 | +0.223% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06322 | +0.239% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06326 | +0.306% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06326 | +0.309% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06385 | +1.238% | $40K | $18K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06322 | +0.235% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0414% | 1h | 0.06327 | +0.322% | $386K | $294K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0698% | 1h | 0.06337 | +0.477% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
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
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL