Funding you earn now, next payment 23:00 UTC+0.0386%/8h= +42.2% APRpaid last 24h +0.037%
Price spread now: Gate against Injective+0.335%54s7-day average +0.130% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 3 days (all we have)+0.089%+$9 · spread now +0.335%, 7d avg +0.130%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Gate is 0.205% dearer against Injective than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.130%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.174% in total (about 9.1% 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 | 24m 28s | $553 | $220K | 5.5x |
| Short | Gate PYTH_USDT | 0.06281 | −0.0042 | pay 0.0021% / 4h | 1h 24m | $1.1M | $479K | 75x |
Injective PYTH/USDC PERP
Gate PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $81
- Price spread: +0.335% → +0.130%
- $20.5
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $86.48
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago | 3.19 bp | 28.7 bp −$29 | doesn't fit | 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 | −0.0208% | 1h | 0.06288 | +0.448% | $382K | $252K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0094% | 4h | 0.06276 | +0.256% | $420K | $114K | 75x | as long as short |
| Bybit PYTHUSDT | −0.0052% | 4h | 0.06283 | +0.367% | $7.4M | $5.1M | 50x | as long as short |
| Binance PYTHUSDT | −0.0047% | 4h | 0.06283 | +0.362% | $9.0M | $17.1M | 75x | as long as short |
| Gate PYTH_USDTshort | −0.0042% | 4h | 0.06281 | +0.335% | $1.1M | $479K | 75x | |
| MEXC PYTH_USDT | −0.0042% | 4h | 0.06284 | +0.383% | $9.2M | $2.3M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06289 | +0.465% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06292 | +0.511% | $10K | $10K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06279 | +0.308% | $22K | — | 3x | as long as short |
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
Bybit PYTHUSDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aevo PYTH-PERPShow 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 |
| Lighter PYTH | +0.0096% | 1h | 0.06296 | +0.575% | $196K | $210K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06286 | +0.415% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06287 | +0.431% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06283 | +0.368% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06280 | +0.319% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06289 | +0.463% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06287 | +0.431% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06282 | +0.351% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06292 | +0.516% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06277 | +0.267% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06285 | +0.396% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06281 | +0.335% | — | — | 20x | as long as short |
Coinbase International PYTH-PERP-INTX
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP