Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h +0.027%
Price spread now: dYdX against Injective+1.197%7-day average +0.242% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)−0.791%−$79 · spread now +1.197%, 7d avg +0.242%
=The price spread pays, funding is against you. dYdX is 0.955% dearer against Injective than usual: you sell high and buy low (spread +1.197% now, against its 7-day average of +0.242%): +$95 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | pay 0.0004% / 1h | 32m 08s | $553 | $220K | 5.5x |
| Short | dYdX PYTH-USD | 0.06335 | 0 | get 0.0000% / 1h | 32m 08s | $188K | $19 | 5x |
Injective PYTH/USDC PERP
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$7
- Price spread: +1.197% → +0.242%
- $95.45
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $78.43
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; dYdX: live order book, 47 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 dYdX live order book, 47 min ago | 91.50 bp | 96.5 bp −$96 | 212.7 bp −$2,127 | 295.2 bp −$29.5K | 526.2 bp −$263.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSD | −0.0398% | 1h | 0.06335 | +1.190% | $377K | $264K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0381% | 1h | 0.06337 | +1.230% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | −0.0173% | 4h | 0.06322 | +0.990% | $422K | $114K | 75x | as long as short |
| Binance PYTHUSDT | −0.0137% | 4h | 0.06330 | +1.111% | $9.0M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0132% | 4h | 0.06329 | +1.102% | $9.5M | $2.4M | 125x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06335 | +1.197% | $188K | $19 | 5x | |
| Bybit PYTHUSDT | +0.0022% | 4h | 0.06331 | +1.134% | $7.5M | $4.8M | 50x | as long as short |
| Aster PYTHUSDT | +0.0023% | 4h | 0.06338 | +1.254% | $22K | $44K | 10x | as long as short |
| Injective PYTH/USDC PERPlong | +0.0033% | 1h | 0.06260 | long leg | $553 | $220K | 5.5x | |
| Gate PYTH_USDT | +0.0034% | 4h | 0.06324 | +1.022% | $1.1M | $474K | 75x | as long as short |
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Bybit PYTHUSDT
Aster PYTHUSDT
Gate PYTH_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06335 | +1.198% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06338 | +1.246% | $200K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06329 | +1.107% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06337 | +1.232% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06331 | +1.134% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06338 | +1.246% | $1.5M | $313K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06330 | +1.118% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06329 | +1.102% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06327 | +1.075% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06331 | +1.126% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06328 | +1.086% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06330 | +1.126% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0520% | 1h | 0.06338 | +1.249% | $36K | $89K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP