Funding you earn now, next payment 04:00 UTC+0.0178%/8h= +19.5% APRnext payment +$0.89 per $10,000 · paid last 24h +0.015%
Price spread now: Bitget against Gate−0.062%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1281.283% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 7 days+0.114%+$11 · spread now −0.062%, 7d avg +0.013%
=Funding pays, the price is against you. Bitget is 0.075% cheaper against Gate than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.013%). If the spread goes back, that is −$7 on $10k: about 34 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.034% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06454 | −0.0078 | get 0.0039% / 4h | 7m 01s | $1.1M | $519K | 75x |
| Short | Bitget PYTHUSDT | 0.06450 | 0.0100 | get 0.0050% / 4h | 7m 01s | $2.8M | $2.2M | 75x |
Gate PYTH_USDT
Bitget PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $37.38
- Price spread: −0.062% → +0.013%
- −$7.47
- Slippage, 4 orders
- −$101.32
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$98.41
- Costs to cover
- 1.283%
- Break-even
- 25.4 days
Slippage from Gate: live order book, 5 min ago; Bitget: 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, 5 min ago | 5.41 bp | 47.3 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 3.86 bp | 24.9 bp −$25 | 73.7 bp −$737 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDTlong | −0.0078% | 4h | 0.06454 | long leg | $1.1M | $519K | 75x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06463 | +0.137% | $192K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06460 | +0.093% | $10K | $10K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.006% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0062% | 4h | 0.06447 | −0.108% | $10.5M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0062% | 4h | 0.06448 | −0.093% | $9.3M | $18.3M | 75x | as long as short |
| Aster PYTHUSDT | +0.0069% | 4h | 0.06458 | +0.062% | $21K | $45K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06458 | +0.062% | $193K | $210K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06448 | −0.099% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06444 | −0.156% | $3K | — | 10x | as long as short |
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
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 | 0.06461 | +0.102% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06450 | −0.062% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06457 | +0.046% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06459 | +0.077% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDTshort | +0.0100% | 4h | 0.06450 | −0.062% | $2.8M | $2.2M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06451 | −0.046% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06458 | +0.060% | $37K | $60K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06472 | +0.284% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06450 | −0.059% | $2K | $2K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0102% | 4h | 0.06456 | +0.031% | $431K | $81K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06493 | +0.604% | $40K | $19K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06446 | −0.125% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0406% | 1h | 0.06456 | +0.024% | $398K | $294K | 25x | as long as short |
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
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