PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.49 per $10,000 · paid last 24h −0.009%

Price spread now: MEXC against Gate+0.031%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$760.758% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days+0.005%$0 · spread now +0.031%, 7d avg −0.002%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.034% dearer against Gate than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.002%): +$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 27 hours. At the pace of the last 7 days (−0.060% in total) that is about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PYTH_USDT	0.06357	0	get 0.0000% / 4h	2h 33m	$1.0M	$497K	75x
Short	MEXC PYTH_USDT	0.06359	−0.0098	pay 0.0049% / 4h	2h 33m	$9.6M	$2.4M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$20.58
Price spread: +0.031% → −0.002%: $3.37
Slippage, 4 orders: −$60.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$93.01
Costs to cover: 0.758%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; MEXC: live order book, 4 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	5.52 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.79 bp	4.8 bp −$5	40.0 bp −$400	108.3 bp −$10.8K	224.1 bp −$112.1K

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_USDTshort	−0.0098%	4h	0.06359	+0.031%	$9.6M	$2.4M	125x
Binance PYTHUSDT	−0.0094%	4h	0.06356	−0.019%	$9.1M	$17.9M	75x	as long as short
Coinbase International PYTH-PERP-INTX	−0.0064%	1h	0.06418	+0.960%	$40K	$18K	25x	as long as short
Aster PYTHUSDT	−0.0013%	4h	0.06364	+0.115%	$20K	$46K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06369	+0.189%	$189K	$19	5x	as long as short
Gate PYTH_USDTlong	0.0000%	4h	0.06357	long leg	$1.0M	$497K	75x
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06380	+0.362%	$10K	$10K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.526%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0056%	1h	0.06377	+0.315%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06371	+0.220%	$190K	$205K	5x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06356	−0.017%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06370	+0.209%	$2.0M	$1.7M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06361	+0.063%	$7.6M	$4.9M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06356	−0.016%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06369	+0.189%	$1.5M	$338K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06367	+0.157%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06363	+0.094%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06367	+0.150%	$38K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06370	+0.203%	$3K	$2K	10x	as long as short
Backpack PYTH_USDC_PERP	+0.0289%	1h	0.06380	+0.368%	$39K	$93K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06370	+0.197%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0376%	1h	0.06377	+0.314%	$390K	$292K	25x	as long as short