PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h +0.015%

Price spread now: BloFin against Gate−0.063%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1121.119% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 3 days (all we have)−0.191%−$19 · spread now −0.063%, 7d avg −0.040%

Together, before fees−0.235%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.023% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PYTH_USDT	0.06317	−0.0022	get 0.0011% / 4h	1h 01m	$1.1M	$483K	75x
Short	BloFin PYTH-USDT	0.06313	−0.0044	pay 0.0022% / 4h	1h 01m	$421K	$115K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BloFinbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$4.66
Price spread: −0.063% → −0.040%: −$2.29
Slippage, 4 orders: −$84.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$118.87
Costs to cover: 1.119%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 14 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	3.96 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 14 min ago	0.80 bp	21.6 bp −$22	37.8 bp −$378	117.8 bp −$11.8K	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	−0.0428%	1h	0.06260	−0.902%	$553	$220K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0207%	1h	0.06316	−0.009%	$379K	$261K	25x	as long as short
Binance PYTHUSDT	−0.0101%	4h	0.06321	+0.063%	$9.1M	$17.1M	75x	as long as short
MEXC PYTH_USDT	−0.0100%	4h	0.06316	−0.016%	$9.5M	$2.4M	125x	as long as short
BloFin PYTH-USDTshort	−0.0044%	4h	0.06313	−0.063%	$421K	$115K	75x
Gate PYTH_USDTlong	−0.0022%	4h	0.06317	long leg	$1.1M	$483K	75x
Bybit PYTHUSDT	−0.0012%	4h	0.06321	+0.063%	$7.5M	$4.7M	50x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06326	+0.144%	$188K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06320	+0.047%	$10K	$10K	10x	as long as short
Aevo PYTH-PERP	+0.0056%	1h	0.06315	−0.032%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0059%	4h	0.06318	+0.017%	$25K	$40K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0080%	1h	0.06327	+0.158%	$39K	$6K	25x	as long as short
Lighter PYTH	+0.0096%	1h	0.06322	+0.079%	$201K	$216K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06313	−0.060%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06327	+0.155%	$1.7M	$1.5M	5x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06321	+0.063%	$2.1M	$3.3M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06318	+0.016%	$1.5M	$313K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06320	+0.047%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06320	+0.047%	—	$2.8M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06328	+0.174%	$36K	$89K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06290	−0.433%	$44K	$22K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06314	−0.051%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06311	−0.101%	—	—	20x	as long as short