Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Paradex against Hyperliquid−0.028%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Paradex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.028% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PYTH | 0.06397 | 0.0100 | pay 0.0013% / 1h | 31m 29s | $2.1M | $1.6M | 5x |
| Short | Paradex PYTH-USD-PERP | 0.06395 | 0.0100 | get 0.0100% / 8h | 4h 31m | $3K | — | 10x |
Hyperliquid PYTH
Paradex PYTH-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Hyperliquid. 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
- −$0.01
- Price spread: −0.028% → 0.000%
- −$2.75
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$15.76
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Paradex: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 9 min ago | 1.03 bp | 15.0 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0354% | 1h | 0.06395 | −0.034% | $38K | $59K | 10x | as long as short |
| Gate PYTH_USDT | −0.0138% | 4h | 0.06387 | −0.155% | $1.1M | $507K | 75x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0063% | 1h | 0.06389 | −0.123% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06396 | −0.016% | $190K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0025% | 4h | 0.06372 | −0.389% | $426K | $80K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.140% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0052% | 4h | 0.06390 | −0.108% | $10.5M | $2.6M | 125x | as long as short |
| Aster PYTHUSDT | +0.0054% | 4h | 0.06394 | −0.048% | $21K | $44K | 10x | as long as short |
| Binance PYTHUSDT | +0.0058% | 4h | 0.06389 | −0.123% | $9.1M | $18.0M | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06398 | +0.017% | $193K | $207K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
BloFin PYTH-USDT
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Aster PYTHUSDT
Binance PYTHUSDT
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06380 | −0.264% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERPshort | +0.0100% | 8h | 0.06395 | −0.028% | $3K | — | 10x | |
| Hyperliquid PYTHlong | +0.0100% | 1h | 0.06397 | long leg | $2.1M | $1.6M | 5x | |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06390 | −0.108% | $7.6M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06391 | −0.092% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06397 | +0.002% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06393 | −0.061% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06390 | −0.108% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06318 | −1.235% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06392 | −0.080% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06324 | −1.140% | $39K | $18K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06388 | −0.144% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0410% | 1h | 0.06393 | −0.067% | $390K | $288K | 25x | as long as short |
Aevo PYTH-PERP
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD