Funding you earn now, next payment 23:00 UTC+0.0431%/8h= +47.2% APRpaid last 24h +0.043%
Price spread now: BloFin against Injective+0.431%7-day average +0.142% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 3 days (all we have)−0.548%−$55 · spread now +0.431%, 7d avg +0.142%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.289% dearer against Injective than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.142%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% 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 | 54m 18s | $553 | $220K | 5.5x |
| Short | BloFin PYTH-USDT | 0.06287 | 0.0003 | get 0.0001% / 4h | 1h 54m | $419K | $115K | 75x |
Injective PYTH/USDC PERP
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $90.43
- Price spread: +0.431% → +0.142%
- $28.91
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $107.32
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 26 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 BloFin live order book, 26 min ago | 0.79 bp | 9.8 bp −$10 | 24.7 bp −$247 | doesn't fit | 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 | |
| Kraken Futures PF_PYTHUSD | −0.0209% | 1h | 0.06273 | +0.205% | $381K | $253K | 25x | as long as short |
| Gate PYTH_USDT | −0.0038% | 4h | 0.06283 | +0.367% | $1.1M | $476K | 75x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0005% | 1h | 0.06297 | +0.591% | $38K | $88K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06292 | +0.518% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06282 | +0.351% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDTshort | +0.0003% | 4h | 0.06287 | +0.431% | $419K | $115K | 75x | |
| MEXC PYTH_USDT | +0.0030% | 4h | 0.06272 | +0.192% | $9.2M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | +0.0035% | 4h | 0.06272 | +0.189% | $9.0M | $16.9M | 75x | as long as short |
| Bybit PYTHUSDT | +0.0074% | 4h | 0.06277 | +0.272% | $7.4M | $5.1M | 50x | as long as short |
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
Backpack PYTH_USDC_PERP
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
Binance PYTHUSDT
Bybit PYTHUSDTShow 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 | 0.06271 | +0.176% | $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 | 0.06292 | +0.516% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06288 | +0.442% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06281 | +0.335% | $19K | $40K | 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 | 0.06287 | +0.431% | $1.5M | $312K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06278 | +0.288% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06280 | +0.319% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06271 | +0.183% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06281 | +0.343% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06284 | +0.380% | — | — | 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