Funding you earn now, next payment 02:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.007%
Price spread now: Deribit against Gate+0.394%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.394% dearer against Gate than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06349 | −0.0042 | get 0.0021% / 4h | 2h 12m | $1.0M | $499K | 75x |
| Short | Deribit PYTH_USDC-PERPETUAL | 0.06374 | 0.0378 | get 0.0047% / 1h | 12m 05s | $10K | $10K | 10x |
Gate PYTH_USDT
Deribit PYTH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $88.17
- Price spread: +0.394% → 0.000%
- $39.38
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $105.54
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 3.95 bp | 28.0 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PYTH on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC PYTH_USDT | −0.0068% | 4h | 0.06360 | +0.173% | $9.6M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0066% | 4h | 0.06358 | +0.140% | $9.1M | $17.8M | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06369 | +0.315% | $39K | $18K | 25x | as long as short |
| Gate PYTH_USDTlong | −0.0042% | 4h | 0.06349 | long leg | $1.0M | $499K | 75x | |
| Aster PYTHUSDT | −0.0008% | 4h | 0.06358 | +0.137% | $20K | $46K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06359 | +0.156% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.402% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0064% | 1h | 0.06361 | +0.191% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06369 | +0.315% | $191K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06349 | +0.001% | $3K | — | 10x | as long as short |
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06367 | +0.280% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06360 | +0.173% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06361 | +0.189% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06362 | +0.205% | $1.5M | $341K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06361 | +0.189% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06358 | +0.142% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06367 | +0.284% | $39K | $93K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06347 | −0.026% | $38K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06361 | +0.195% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06354 | +0.074% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0376% | 1h | 0.06367 | +0.283% | $389K | $292K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUALshort | +0.0378% | 1h | 0.06374 | +0.394% | $10K | $10K | 10x |
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
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD