Funding you earn now, next payment 04:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.75 per $10,000 · paid last 24h −0.009%
Price spread now: Binance against Gate+0.030%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$980.975% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now +0.030%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.034% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06438 | −0.0088 | get 0.0044% / 4h | 6m 12s | $1.1M | $519K | 75x |
| Short | Binance PYTHUSDT | 0.06440 | 0.0062 | get 0.0031% / 4h | 6m 12s | $9.2M | $18.3M | 75x |
Gate PYTH_USDT
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $31.5
- Price spread: +0.030% → −0.004%
- $3.41
- Slippage, 4 orders
- −$72.53
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$62.62
- Costs to cover
- 0.975%
- Break-even
- 20.9 days
Slippage from Gate: live order book, 1 min ago; Binance: 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 Gate live order book, 1 min ago | 3.89 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.77 bp | 14.6 bp −$15 | 31.5 bp −$315 | 270.9 bp −$27.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDTlong | −0.0088% | 4h | 0.06438 | long leg | $1.1M | $519K | 75x | |
| Deribit PYTH_USDC-PERPETUAL | −0.0060% | 1h | 0.06449 | +0.171% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06456 | +0.275% | $192K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.765% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0062% | 4h | 0.06440 | +0.031% | $10.5M | $2.7M | 125x | as long as short |
| Binance PYTHUSDTshort | +0.0062% | 4h | 0.06440 | +0.030% | $9.2M | $18.3M | 75x | |
| Aster PYTHUSDT | +0.0069% | 4h | 0.06454 | +0.244% | $20K | $45K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06452 | +0.217% | $193K | $210K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06445 | +0.109% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06439 | +0.017% | $3K | — | 10x | as long as short |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Aster PYTHUSDT
Lighter PYTH
Aevo PYTH-PERP
Paradex PYTH-USD-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06450 | +0.183% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06443 | +0.078% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06440 | +0.031% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06449 | +0.171% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06442 | +0.062% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06442 | +0.062% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06450 | +0.189% | $37K | $60K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06443 | +0.083% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06444 | +0.098% | $2K | $2K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0102% | 4h | 0.06456 | +0.280% | $431K | $81K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06493 | +0.854% | $40K | $19K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06442 | +0.069% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0406% | 1h | 0.06450 | +0.183% | $398K | $294K | 25x | 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
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD