Funding you earn now, next payment 23:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.032%
Price spread now: Binance against Injective+0.251%7-day average +0.114% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.251%, 7d avg +0.114%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Binance is 0.138% dearer against Injective than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.114%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 | 56m 42s | $553 | $220K | 5.5x |
| Short | Binance PYTHUSDT | 0.06276 | 0.0030 | get 0.0015% / 4h | 1h 56m | $9.0M | $16.7M | 75x |
Injective PYTH/USDC PERP
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- $96.16
- Price spread: +0.251% → +0.114%
- $13.78
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $99.92
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 14 min ago. 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 Binance live order book, 14 min ago | 0.80 bp | 13.0 bp −$13 | 39.0 bp −$390 | 235.3 bp −$23.5K | doesn't fit |
Injective: 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 | −0.0329% | 1h | 0.06266 | +0.101% | $38K | $88K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0209% | 1h | 0.06262 | +0.035% | $380K | $253K | 25x | as long as short |
| Gate PYTH_USDT | −0.0064% | 4h | 0.06255 | −0.080% | $1.1M | $474K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06275 | +0.247% | $186K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0026% | 4h | 0.06278 | +0.288% | $9.2M | $2.3M | 125x | as long as short |
| Binance PYTHUSDTshort | +0.0030% | 4h | 0.06276 | +0.251% | $9.0M | $16.7M | 75x | |
| Bybit PYTHUSDT | +0.0056% | 4h | 0.06271 | +0.176% | $7.4M | $5.1M | 50x | as long as short |
| BloFin PYTH-USDT | +0.0068% | 4h | 0.06258 | −0.032% | $420K | $115K | 75x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0069% | 1h | 0.06264 | +0.064% | $10K | $10K | 10x | as long as short |
Backpack PYTH_USDC_PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Bybit PYTHUSDT
BloFin PYTH-USDT
Deribit PYTH_USDC-PERPETUALShow 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 | 0.06258 | −0.040% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06280 | +0.319% | $197K | $208K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06275 | +0.244% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06278 | +0.281% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06269 | +0.141% | $19K | $30K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06274 | +0.224% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06274 | +0.224% | $1.5M | $313K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06274 | +0.224% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06269 | +0.144% | — | $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 | 0.06258 | −0.038% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06260 | +0.005% | — | — | 20x | as long as short |
Coinbase International PYTH-PERP-INTX
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP