Funding you earn now, next payment 02:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: Lighter against dYdX+0.366%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$223as in the Price arb table
costs, in and out, $10k−$2592.586% of the position
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 4 days (all we have)−0.343%−$34 · spread now +0.366%, 7d avg +0.011%
=Together, before fees−0.147%+ Points / potential airdropLighter: Season 3 · farm board−$15 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 Lighter is 0.354% dearer against dYdX than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PYTH-USD | 0.06329 | 0 | get 0.0000% / 1h | 7m 48s | $188K | $19 | 5x |
| Short | Lighter PYTH | 0.06352 | 0.0096 | get 0.0012% / 1h | 7m 48s | $191K | $206K | 5x |
dYdX PYTH-USD
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $20.16
- Price spread: +0.366% → +0.011%
- $35.41
- Slippage, 4 orders
- −$248.57
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$203
- Costs to cover
- 2.586%
- Break-even
- 77.5 days
Slippage from dYdX: live order book, 61 min ago; Lighter: live order book, 42 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, 61 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 Lighter live order book, 42 min ago | 3.90 bp | 7.4 bp −$7 | 89.6 bp −$896 | doesn't fit | doesn't fit |
PYTH on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | −0.0080% | 4h | 0.06332 | +0.050% | $1.0M | $501K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06369 | +0.634% | $39K | $18K | 25x | as long as short |
| Binance PYTHUSDT | −0.0063% | 4h | 0.06349 | +0.321% | $9.1M | $17.8M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0062% | 4h | 0.06343 | +0.223% | $9.6M | $2.4M | 125x | as long as short |
| Aster PYTHUSDT | −0.0011% | 4h | 0.06348 | +0.304% | $20K | $46K | 10x | as long as short |
| dYdX PYTH-USDlong | 0.0000% | 1h | 0.06329 | long leg | $188K | $19 | 5x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.088% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0064% | 1h | 0.06350 | +0.334% | $23K | — | 3x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06352 | +0.366% | $191K | $206K | 5x | |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06323 | −0.091% | $3K | — | 10x | as long as short |
Gate PYTH_USDT
Coinbase International PYTH-PERP-INTX
Binance PYTHUSDT
MEXC PYTH_USDT
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Paradex PYTH-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06359 | +0.479% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06351 | +0.350% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06354 | +0.397% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06345 | +0.255% | $1.5M | $341K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06347 | +0.287% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06349 | +0.318% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06353 | +0.386% | $39K | $92K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06357 | +0.443% | $38K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06345 | +0.253% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06339 | +0.163% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0377% | 1h | 0.06352 | +0.368% | $388K | $292K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0852% | 1h | 0.06358 | +0.460% | $10K | $10K | 10x | as long as short |
Hyperliquid PYTH
Bybit PYTHUSDT
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
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL