PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.055%

Price spread now: Lighter against Injective+1.326%66s7-day average +0.266% · you sell dearer than you buy

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

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 3 days (all we have)−0.959%−$96 · spread now +1.326%, 7d avg +0.266%

Together, before fees−0.751%+ Points / potential airdropLighter: Season 3 · farm board−$75 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 1.060% dearer against Injective than usual: you sell high and buy low: +$106 more if the spread goes back to its 7-day average of +0.266%. The two prices were read 66 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	0.0033	pay 0.0004% / 1h	55m 59s	$553	$220K	5.5x
Short	Lighter PYTH	0.06343	0.0096	get 0.0012% / 1h	55m 59s	$189K	$204K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpOrdersPrice spread, now +1.326%Rate

Funding earned: $13.16
Price spread: +1.326% → +0.266%: $105.96
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $119.1
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 59 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 Lighter live order book, 59 min ago	3.14 bp	6.8 bp −$7	67.6 bp −$676	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
BloFin PYTH-USDT	−0.0153%	4h	0.06382	+1.949%	$431K	$112K	75x	as long as short
Binance PYTHUSDT	−0.0121%	4h	0.06338	+1.250%	$9.1M	$17.8M	75x	as long as short
MEXC PYTH_USDT	−0.0120%	4h	0.06339	+1.262%	$9.6M	$2.4M	125x	as long as short
Coinbase International PYTH-PERP-INTX	−0.0064%	1h	0.06505	+3.914%	$40K	$18K	25x	as long as short
Aster PYTHUSDT	−0.0019%	4h	0.06348	+1.404%	$20K	$46K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06345	+1.357%	$188K	$19	5x	as long as short
Injective PYTH/USDC PERPlong	+0.0033%	1h	0.06260	long leg	$553	$220K	5.5x
Aevo PYTH-PERP	+0.0048%	1h	0.06345	+1.358%	$23K	—	3x	as long as short
Lighter PYTHshort	+0.0096%	1h	0.06343	+1.326%	$189K	$204K	5x
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06334	+1.178%	$3K	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PYTH	+0.0100%	1h	0.06346	+1.367%	$2.0M	$1.7M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06340	+1.278%	$7.6M	$4.9M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06339	+1.262%	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06328	+1.086%	$1.0M	$488K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06347	+1.390%	$1.5M	$331K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06340	+1.278%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06342	+1.310%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06342	+1.302%	$38K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06341	+1.291%	$3K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06343	+1.318%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0378%	1h	0.06342	+1.304%	$389K	$291K	25x	as long as short
Backpack PYTH_USDC_PERP	+0.0542%	1h	0.06344	+1.345%	$38K	$93K	10x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.1169%	1h	0.06350	+1.438%	$10K	$10K	10x	as long as short