Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.013%
Price spread now: dYdX against Gate+0.141%7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costs−$323as in the Funding arb table
Net, price: spread back to 7d avg − costs−$303as in the Price arb table
costs, in and out, $10k−$3073.066% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.141%, 7d avg +0.106%
=The price spread pays, funding is against you. dYdX is 0.035% dearer against Gate than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of +0.106%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06358 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $1.1M | $468K | 75x |
| Short | dYdX PYTH-USD | 0.06367 | 0 | get 0.0000% / 1h | 44m 36s | $189K | $19 | 5x |
Gate PYTH_USDT
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: +0.141% → +0.106%
- $3.49
- Slippage, 4 orders
- −$281.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$324.08
- Costs to cover
- 3.066%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; dYdX: live order book, 29 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, 2 min ago | 4.72 bp | 33.1 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 29 min ago | 113.82 bp | 118.8 bp −$119 | 253.2 bp −$2,532 | 459.0 bp −$45.9K | 1161.2 bp −$580.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDT | −0.0201% | 4h | 0.06354 | −0.063% | $424K | $113K | 75x | as long as short |
| Binance PYTHUSDT | −0.0179% | 4h | 0.06361 | +0.040% | $9.2M | $17.6M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0174% | 4h | 0.06360 | +0.031% | $9.7M | $2.4M | 125x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0136% | 1h | 0.06364 | +0.098% | $390K | $289K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06368 | +0.157% | $40K | $18K | 25x | as long as short |
| Bybit PYTHUSDT | −0.0056% | 4h | 0.06364 | +0.094% | $7.6M | $4.8M | 50x | as long as short |
| Aster PYTHUSDT | −0.0016% | 4h | 0.06360 | +0.034% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06367 | +0.141% | $189K | $19 | 5x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.541% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0040% | 1h | 0.06360 | +0.031% | $23K | — | 3x | as long as short |
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
Bybit PYTHUSDT
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06369 | +0.173% | $201K | $198K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06354 | −0.067% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06367 | +0.142% | $1.9M | $1.6M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06357 | −0.016% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDTlong | +0.0100% | 4h | 0.06358 | long leg | $1.1M | $468K | 75x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06362 | +0.063% | $1.5M | $325K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06361 | +0.047% | $2.6M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06357 | −0.016% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06358 | 0.000% | $38K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06357 | −0.020% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06357 | −0.011% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0849% | 1h | 0.06370 | +0.193% | $35K | $91K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1951% | 1h | 0.06375 | +0.267% | $10K | $10K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL