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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.07 per $10,000 · paid last 24h +0.045%
Price spread now: Aevo against Injective+0.962%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.962% dearer against Injective than usual: you sell high and buy low: +$96 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective PYTH/USDC PERP0.062600.0033pay 0.0004% / 1h8m 38s$553$220K5.5x
ShortAevo PYTH-PERP0.063200.0088get 0.0011% / 1h8m 38s$23K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Injective. 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
$11.48
Price spread: +0.962% → 0.000%
$96.17
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aevo: 8 bp × 2 orders
−$16
Net
$91.63
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Aevo: 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 Injective no order-book sample
Sell Aevo no order-book sample
Injective and Aevo: 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−0.0017%1h0.06326+1.046%$35K$67K10xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06321+0.974%$10K$10K10xas long as short
dYdX PYTH-USD+0.0022%1h0.06324+1.019%$188K$195xas long as short
Injective PYTH/USDC PERPlong+0.0033%1h0.06260long leg$553$220K5.5x
MEXC PYTH_USDT+0.0044%4h0.06316+0.895%$10.4M$2.7M125xas long as short
Binance PYTHUSDT+0.0046%4h0.06315+0.879%$8.9M$19.5M75xas long as short
BloFin PYTH-USDT+0.0054%4h0.06320+0.958%$423K$72K75xas long as short
Aevo PYTH-PERPshort+0.0088%1h0.06320+0.962%$23K3x
Lighter PYTH+0.0096%1h0.06326+1.054%$194K$218K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06316+0.890%$3K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PYTH+0.0100%1h0.06326+1.048%$2.2M$2.0M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06315+0.879%$21K$46K10xas long as short
Bybit PYTHUSDT+0.0100%4h0.06322+0.990%$7.5M$4.9M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06318+0.927%$2.1M$3.6M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06316+0.895%$1.0M$537K75xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06321+0.974%$1.5M$370K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06320+0.958%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06319+0.942%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06317+0.908%$40K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06319+0.936%$2K$2K10xas long as short
Kraken Futures PF_PYTHUSD+0.0131%1h0.06325+1.042%$383K$318K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06318+0.934%20xas long as short
Coinbase International PYTH-PERP-INTX+0.0368%1h0.06427+2.668%$40K$19K25xas long as short