Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%
Price spread now: OKX against dYdX−0.157%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2132.130% of the position
Funding, last 7 days+0.203%+$20 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.157%, 7d avg −0.096%
=Funding pays, the price is against you. OKX is 0.061% cheaper against dYdX than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of −0.096%). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PYTH-USD | 0.06362 | 0 | get 0.0000% / 1h | 47m 44s | $189K | $19 | 5x |
| Short | OKX PYTH-USDT-SWAP | 0.06352 | 0.0100 | get 0.0050% / 4h | 2h 47m | $2.1M | $3.3M | 50x |
dYdX PYTH-USD
OKX PYTH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.157% → −0.096%
- −$6.09
- Slippage, 4 orders
- −$193
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$198.09
- Costs to cover
- 2.130%
- Break-even
- 73.0 days
Slippage from dYdX: live order book, 41 min ago; OKX: live order book, 5 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, 41 min ago | 79.27 bp | 93.8 bp −$94 | 102.0 bp −$1,020 | 126.6 bp −$12.7K | 604.6 bp −$302.3K |
| Sell OKX live order book, 5 min ago | 3.15 bp | 16.8 bp −$17 | 58.4 bp −$584 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0586% | 1h | 0.06350 | −0.189% | $561 | $180K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0222% | 1h | 0.06360 | −0.031% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0215% | 1h | 0.06358 | −0.057% | $385K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0088% | 4h | 0.06346 | −0.251% | $1.1M | $463K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0068% | 4h | 0.06349 | −0.204% | $420K | $122K | 75x | as long as short |
| Binance PYTHUSDT | −0.0010% | 4h | 0.06351 | −0.174% | $9.2M | $15.9M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0008% | 4h | 0.06351 | −0.173% | $9.4M | $2.4M | 125x | as long as short |
| dYdX PYTH-USDlong | 0.0000% | 1h | 0.06362 | long leg | $189K | $19 | 5x | |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.085% | $40K | $9K | 25x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06357 | −0.077% | $23K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06361 | −0.016% | $197K | $203K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0098% | 8h | 0.06349 | −0.205% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06358 | −0.063% | $1.7M | $1.4M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06360 | −0.035% | $20K | $26K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06350 | −0.189% | $7.5M | $5.0M | 50x | as long as short |
| OKX PYTH-USDT-SWAPshort | +0.0100% | 4h | 0.06352 | −0.157% | $2.1M | $3.3M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06358 | −0.063% | $1.5M | $313K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06353 | −0.141% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06352 | −0.157% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | −0.196% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06357 | −0.080% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06349 | −0.202% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0472% | 1h | 0.06360 | −0.033% | $38K | $88K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP