PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.014%

Price spread now: OKX against Gate+0.079%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1161.164% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 7 days+0.010%+$1 · spread now +0.079%, 7d avg +0.041%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.038% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PYTH_USDT	0.06316	−0.0016	get 0.0008% / 4h	1h 00m	$1.1M	$483K	75x
Short	OKX PYTH-USDT-SWAP	0.06321	0.0100	get 0.0050% / 4h	1h 00m	$2.1M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.079%Rate

Funding earned: $24.36
Price spread: +0.079% → +0.041%: $3.83
Slippage, 4 orders: −$91.42
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$88.24
Costs to cover: 1.164%
Break-even: 32.4 days

Slippage from Gate: live order book, 1 min ago; OKX: 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, 1 min ago	3.96 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.79 bp	18.6 bp −$19	99.9 bp −$999	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	−0.887%	$553	$220K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0207%	1h	0.06316	+0.006%	$379K	$261K	25x	as long as short
MEXC PYTH_USDT	−0.0100%	4h	0.06318	+0.032%	$9.5M	$2.4M	125x	as long as short
Binance PYTHUSDT	−0.0097%	4h	0.06316	+0.004%	$9.1M	$17.1M	75x	as long as short
BloFin PYTH-USDT	−0.0044%	4h	0.06313	−0.047%	$421K	$115K	75x	as long as short
Gate PYTH_USDTlong	−0.0016%	4h	0.06316	long leg	$1.1M	$483K	75x
dYdX PYTH-USD	0.0000%	1h	0.06326	+0.160%	$188K	$19	5x	as long as short
Bybit PYTHUSDT	0.0000%	4h	0.06321	+0.079%	$7.5M	$4.7M	50x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06320	+0.063%	$10K	$10K	10x	as long as short
Aevo PYTH-PERP	+0.0056%	1h	0.06315	−0.016%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0062%	4h	0.06319	+0.043%	$25K	$40K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0080%	1h	0.06327	+0.174%	$39K	$6K	25x	as long as short
Lighter PYTH	+0.0096%	1h	0.06329	+0.206%	$201K	$217K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06316	−0.005%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06323	+0.109%	$1.7M	$1.5M	5x	as long as short
OKX PYTH-USDT-SWAPshort	+0.0100%	4h	0.06321	+0.079%	$2.1M	$3.3M	50x
KuCoin PYTHUSDTM	+0.0100%	4h	0.06325	+0.142%	$1.5M	$313K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06317	+0.016%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06321	+0.079%	—	$2.8M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06328	+0.190%	$36K	$89K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06290	−0.417%	$44K	$22K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06314	−0.035%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06318	+0.026%	—	—	20x	as long as short