PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against Gate−0.016%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1171.173% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.105%+$11 · spread now −0.016%, 7d avg +0.042%

Together, before fees+0.085%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.058% cheaper against Gate than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.042%). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PYTH_USDT	0.06266	−0.0044	get 0.0022% / 4h	1h 52m	$1.1M	$477K	75x
Short	Bybit PYTHUSDT	0.06265	0.0056	get 0.0028% / 4h	1h 52m	$7.4M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.016%Rate

Funding earned: $20.95
Price spread: −0.016% → +0.042%: −$5.82
Slippage, 4 orders: −$91.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$102.21
Costs to cover: 1.173%
Break-even: 41.1 days

Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 1 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	5.59 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.60 bp	28.0 bp −$28	88.4 bp −$884	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	−0.0428%	1h	0.06260	−0.096%	$553	$220K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0209%	1h	0.06262	−0.069%	$380K	$253K	25x	as long as short
Gate PYTH_USDTlong	−0.0044%	4h	0.06266	long leg	$1.1M	$477K	75x
dYdX PYTH-USD	0.0000%	1h	0.06276	+0.166%	$186K	$19	5x	as long as short
MEXC PYTH_USDT	+0.0034%	4h	0.06262	−0.064%	$9.1M	$2.3M	125x	as long as short
Binance PYTHUSDT	+0.0036%	4h	0.06262	−0.072%	$9.1M	$16.9M	75x	as long as short
Bybit PYTHUSDTshort	+0.0056%	4h	0.06265	−0.016%	$7.4M	$5.1M	50x
Backpack PYTH_USDC_PERP	+0.0065%	1h	0.06269	+0.046%	$38K	$88K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0080%	1h	0.06431	+2.633%	$40K	$6K	25x	as long as short
BloFin PYTH-USDT	+0.0082%	4h	0.06287	+0.335%	$419K	$115K	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PYTH-PERP	+0.0088%	1h	0.06265	−0.016%	$22K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06270	+0.064%	$196K	$208K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06262	−0.059%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06272	+0.091%	$1.6M	$1.5M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06271	+0.086%	$19K	$40K	10x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06267	+0.016%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06269	+0.048%	$1.5M	$314K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06267	+0.016%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06266	0.000%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06271	+0.087%	$44K	$22K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06270	+0.061%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06269	+0.041%	—	—	20x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0388%	1h	0.06275	+0.144%	$10K	$10K	10x	as long as short