Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Coinbase International against Hyperliquid+0.804%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.804% dearer against Hyperliquid than usual: you sell high and buy low, +$80 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PYTH0.063340.0100pay 0.0013% / 1h58m 19s$2.0M$1.6M5x
ShortCoinbase International PYTH-PERP-INTX0.063850.0104get 0.0013% / 1h58m 19s$40K$18K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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

Funding earned
$0.84
Price spread: +0.804% → 0.000%
$80.36
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$62.2
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Hyperliquid: live order book, 3 min ago; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 3 min ago2.68 bp21.8 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: 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 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack PYTH_USDC_PERP−0.0256%1h0.06339+0.084%$38K$50K10xas long as short
Gate PYTH_USDT−0.0170%4h0.06324−0.159%$1.0M$503K75xas long as short
dYdX PYTH-USD0.0000%1h0.06333−0.022%$188K$195xas long as short
BloFin PYTH-USDT+0.0002%4h0.06331−0.049%$428K$86K75xas long as short
MEXC PYTH_USDT+0.0014%4h0.06326−0.128%$10.0M$2.5M125xas long as short
Binance PYTHUSDT+0.0015%4h0.06315−0.302%$9.0M$17.9M75xas long as short
Aster PYTHUSDT+0.0017%4h0.06328−0.096%$20K$43K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.170%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0080%1h0.06323−0.178%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06328−0.096%$191K$206K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PYTH-USD-PERP+0.0100%8h0.06327−0.115%$3K10xas long as short
Hyperliquid PYTHlong+0.0100%1h0.06334long leg$2.0M$1.6M5x
Bybit PYTHUSDT+0.0100%4h0.06321−0.207%$7.5M$4.7M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06317−0.270%$2.1M$3.3M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06334−0.002%$1.5M$343K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06322−0.191%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06325−0.144%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06326−0.125%$38K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06322−0.185%$3K$2K10xas long as short
Coinbase International PYTH-PERP-INTXshort+0.0104%1h0.06385+0.804%$40K$18K25x
Reya PYTHRUSDPERP+0.0302%1h0.06325−0.151%20xas long as short
Kraken Futures PF_PYTHUSD+0.0414%1h0.06327−0.109%$386K$294K25xas long as short
Deribit PYTH_USDC-PERPETUAL+0.0698%1h0.06337+0.046%$10K$10K10xas long as short