Funding arb · Price arb /

PYTH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0528%/8h= +57.8% APRpaid last 24h +0.039%

Price spread now: Aster against Injective−0.127%77s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.127% cheaper against Injective than usual: you would sell low and buy high (spread −0.127% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 19 hours of funding at the current rate (+$16 a day). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PYTH/USDC PERP	0.06260	−0.0428	get 0.0053% / 1h	57m 56s	$553	$220K	5.5x
Short	Aster PYTHUSDT	0.06252	0.0100	get 0.0050% / 4h	1h 57m	$19K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee InjectivebpFee AsterbpOrdersPrice spread, now −0.127%Rate

Funding earned: $110.82
Price spread: −0.127% → 0.000%: −$12.67
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $90.13
Costs to cover: 0.080%
Break-even: 1.3 days

Slippage unknown: Injective: no order-book sample; Aster: 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 Injective no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Injective and Aster: 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
Injective PYTH/USDC PERPlong	−0.0428%	1h	0.06260	long leg	$553	$220K	5.5x
Backpack PYTH_USDC_PERP	−0.0330%	1h	0.06250	−0.157%	$38K	$88K	10x	as long as short
Kraken Futures PF_PYTHUSD	−0.0210%	1h	0.06244	−0.253%	$379K	$253K	25x	as long as short
Gate PYTH_USDT	−0.0074%	4h	0.06238	−0.351%	$1.1M	$474K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06259	−0.021%	$186K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06251	−0.144%	$10K	$10K	10x	as long as short
BloFin PYTH-USDT	+0.0016%	4h	0.06254	−0.096%	$420K	$115K	75x	as long as short
Bybit PYTHUSDT	+0.0024%	4h	0.06247	−0.208%	$7.4M	$5.1M	50x	as long as short
Binance PYTHUSDT	+0.0028%	4h	0.06241	−0.304%	$8.9M	$16.7M	75x	as long as short
MEXC PYTH_USDT	+0.0030%	4h	0.06243	−0.272%	$9.1M	$2.3M	125x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International PYTH-PERP-INTX	+0.0080%	1h	0.06431	+2.732%	$40K	$6K	25x	as long as short
Aevo PYTH-PERP	+0.0088%	1h	0.06245	−0.240%	$22K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06252	−0.128%	$196K	$208K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06250	−0.162%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06249	−0.169%	$1.6M	$1.5M	5x	as long as short
Aster PYTHUSDTshort	+0.0100%	4h	0.06252	−0.127%	$19K	$30K	10x
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06239	−0.335%	$2.1M	$3.3M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06248	−0.192%	$1.5M	$313K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06249	−0.176%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06244	−0.256%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06249	−0.172%	$44K	$22K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06248	−0.190%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06248	−0.186%	—	—	20x	as long as short