Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.34 per $10,000 · paid last 24h +0.014%
Price spread now: KuCoin against Gate+0.174%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$249as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2532.526% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now +0.174%, 7d avg +0.064%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.110% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06321 | 0.0032 | pay 0.0016% / 4h | 33m 55s | $1.1M | $474K | 75x |
| Short | KuCoin PYTHUSDTM | 0.06332 | 0.0100 | get 0.0050% / 4h | 33m 55s | $1.5M | $313K | 50x |
Gate PYTH_USDT
KuCoin PYTHUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14.28
- Price spread: +0.174% → +0.064%
- $10.95
- Slippage, 4 orders
- −$225.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$227.4
- Costs to cover
- 2.526%
- Break-even
- 118.5 days
Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 2 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, 3 min ago | 3.95 bp | 30.9 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 7.11 bp | 104.2 bp −$104 | 705.8 bp −$7,058 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSD | −0.0399% | 1h | 0.06328 | +0.107% | $377K | $264K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0131% | 4h | 0.06326 | +0.079% | $422K | $114K | 75x | as long as short |
| Binance PYTHUSDT | −0.0126% | 4h | 0.06324 | +0.047% | $9.0M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0124% | 4h | 0.06323 | +0.032% | $9.5M | $2.4M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06335 | +0.220% | $188K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06331 | +0.158% | $10K | $10K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0017% | 4h | 0.06326 | +0.079% | $7.5M | $4.8M | 50x | as long as short |
| Gate PYTH_USDTlong | +0.0032% | 4h | 0.06321 | long leg | $1.1M | $474K | 75x | |
| Aster PYTHUSDT | +0.0033% | 4h | 0.06334 | +0.211% | $22K | $44K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.965% | $553 | $220K | 5.5x | as long as short |
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Bybit PYTHUSDT
Aster PYTHUSDT
Injective PYTH/USDC PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06325 | +0.068% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06332 | +0.174% | $200K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06321 | +0.002% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06331 | +0.157% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06330 | +0.142% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTMshort | +0.0100% | 4h | 0.06332 | +0.174% | $1.5M | $313K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06325 | +0.063% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06326 | +0.079% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06327 | +0.099% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06326 | +0.071% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06328 | +0.111% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06323 | +0.033% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0503% | 1h | 0.06334 | +0.209% | $36K | $89K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP