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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Orderly against Hyperliquid−0.014%7-day average · you buy dearer than you sell
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
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PYTH0.063230.0100pay 0.0013% / 1h58m 09s$2.0M$1.6M5x
ShortOrderly PERP_PYTH_USDC_mythos0.063220.0100get 0.0050% / 4h58m 09s$3K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
Price spread: −0.014% → 0.000%
−$1.42
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$16.42
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Orderly: 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 Orderly no order-book sample
Orderly: 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−0.0320%1h0.06323+0.002%$37K$50K10xas long as short
Gate PYTH_USDT−0.0170%4h0.06318−0.084%$1.0M$503K75xas long as short
dYdX PYTH-USD0.0000%1h0.06333+0.149%$188K$195xas long as short
BloFin PYTH-USDT+0.0002%4h0.06331+0.122%$428K$86K75xas long as short
MEXC PYTH_USDT+0.0014%4h0.06318−0.084%$10.0M$2.5M125xas long as short
Binance PYTHUSDT+0.0015%4h0.06313−0.166%$9.0M$17.9M75xas long as short
Aster PYTHUSDT+0.0017%4h0.06328+0.074%$20K$43K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.001%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0080%1h0.06323−0.008%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06328+0.074%$191K$206K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PYTH-USD-PERP+0.0100%8h0.06327+0.056%$3K10xas long as short
Hyperliquid PYTHlong+0.0100%1h0.06323long leg$2.0M$1.6M5x
Bybit PYTHUSDT+0.0100%4h0.06320−0.052%$7.5M$4.7M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06313−0.163%$2.1M$3.3M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06331+0.122%$1.5M$343K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06322−0.021%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06322−0.021%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06326+0.046%$38K$25Kas long as short
Orderly PERP_PYTH_USDC_mythosshort+0.0100%4h0.06322−0.014%$3K$2K10x
Coinbase International PYTH-PERP-INTX+0.0104%1h0.06385+0.976%$40K$18K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06325+0.020%20xas long as short
Kraken Futures PF_PYTHUSD+0.0414%1h0.06327+0.062%$386K$294K25xas long as short
Deribit PYTH_USDC-PERPETUAL+0.0698%1h0.06337+0.217%$10K$10K10xas long as short