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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Hyperliquid−0.190%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 3 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 · Variational Omni: 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: Variational Omni is 0.190% cheaper against Hyperliquid than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PYTH0.063330.0100pay 0.0013% / 1h16m 34s$1.7M$1.5M5x
ShortVariational Omni PYTH0.063210.0100get 0.0050% / 4h16m 34s$44K$22K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: −0.190% → 0.000%
−$19.03
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$28.03
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Variational Omni: 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, 4 min ago1.90 bp14.8 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: 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
Kraken Futures PF_PYTHUSD−0.0398%1h0.06330−0.035%$377K$264K25xas long as short
BloFin PYTH-USDT−0.0201%4h0.06325−0.122%$420K$114K75xas long as short
MEXC PYTH_USDT−0.0172%4h0.06326−0.106%$9.5M$2.4M125xas long as short
Binance PYTHUSDT−0.0172%4h0.06325−0.114%$9.0M$17.2M75xas long as short
Aster PYTHUSDT−0.0006%4h0.06333+0.005%$22K$44K10xas long as short
dYdX PYTH-USD0.0000%1h0.06334+0.022%$188K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06330−0.043%$10K$10K10xas long as short
Bybit PYTHUSDT+0.0023%4h0.06326−0.106%$7.5M$4.8M50xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.148%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0040%1h0.06330−0.051%$23K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PYTH_USDT+0.0056%4h0.06322−0.169%$1.1M$476K75xas long as short
Lighter PYTH+0.0096%1h0.06335+0.036%$201K$217K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06323−0.149%$3K$5610xas long as short
Hyperliquid PYTHlong+0.0100%1h0.06333long leg$1.7M$1.5M5x
OKX PYTH-USDT-SWAP+0.0100%4h0.06325−0.122%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06334+0.021%$1.5M$314K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06326−0.106%$2.6M$2.0M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06325−0.122%$2.8Mas long as short
Variational Omni PYTHshort+0.0100%4h0.06321−0.190%$44K$22K
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06324−0.137%$3K$1K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0176%1h0.06328−0.074%$39K$6K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06322−0.168%20xas long as short
Backpack PYTH_USDC_PERP+0.0545%1h0.06334+0.016%$36K$89K10xas long as short