Funding you earn now, next payment 04:00 UTC+0.0270%/8h= +29.6% APRnext payment +$1.35 per $10,000 · paid last 24h +0.015%
Price spread now: BingX against Gate−0.047%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$980.977% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 7 days+0.120%+$12 · spread now −0.047%, 7d avg +0.027%
=Funding pays, the price is against you. BingX is 0.074% cheaper against Gate than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.027%). If the spread goes back, that is −$7 on $10k: about 22 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.038% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06316 | −0.0170 | get 0.0085% / 4h | 57m 54s | $1.0M | $503K | 75x |
| Short | BingX PYTH-USDT | 0.06313 | 0.0100 | get 0.0050% / 4h | 57m 54s | — | $2.7M | — |
Gate PYTH_USDT
BingX PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $56.7
- Price spread: −0.047% → +0.027%
- −$7.41
- Slippage, 4 orders
- −$72.68
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$48.39
- Costs to cover
- 0.977%
- Break-even
- 13.0 days
Slippage from Gate: live order book, 4 min ago; BingX: live order book, 7 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, 4 min ago | 5.54 bp | 30.0 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 4.75 bp | 17.5 bp −$18 | 43.1 bp −$431 | 164.8 bp −$16.5K | 406.8 bp −$203.4K |
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 | +0.117% | $37K | $50K | 10x | as long as short |
| Gate PYTH_USDTlong | −0.0170% | 4h | 0.06316 | long leg | $1.0M | $503K | 75x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06333 | +0.265% | $188K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0002% | 4h | 0.06331 | +0.237% | $428K | $86K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0014% | 4h | 0.06311 | −0.079% | $10.0M | $2.5M | 125x | as long as short |
| Binance PYTHUSDT | +0.0015% | 4h | 0.06308 | −0.122% | $9.0M | $17.9M | 75x | as long as short |
| Aster PYTHUSDT | +0.0017% | 4h | 0.06326 | +0.162% | $20K | $43K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.887% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06323 | +0.108% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06328 | +0.190% | $191K | $206K | 5x | as long as short |
Backpack PYTH_USDC_PERP
dYdX PYTH-USD
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Aster 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 | 0.06327 | +0.172% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06323 | +0.116% | $2.0M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06312 | −0.063% | $7.5M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06311 | −0.079% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06324 | +0.127% | $1.5M | $343K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06322 | +0.095% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDTshort | +0.0100% | 4h | 0.06313 | −0.047% | — | $2.7M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06326 | +0.162% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06322 | +0.101% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06385 | +1.092% | $40K | $18K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06325 | +0.135% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0414% | 1h | 0.06327 | +0.178% | $386K | $294K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0698% | 1h | 0.06337 | +0.332% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL