Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.056%
Price spread now: OKX against Injective+1.789%68s7-day average +0.192% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.216%+$22 on $10k
+Price spread, last 3 days (all we have)−1.677%−$168 · spread now +1.789%, 7d avg +0.192%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 1.597% dearer against Injective than usual: you sell high and buy low: +$160 more if the spread goes back to its 7-day average of +0.192%. The two prices were read 68 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 | 32m 08s | $553 | $220K | 5.5x |
| Short | OKX PYTH-USDT-SWAP | 0.06372 | 0.0100 | get 0.0050% / 4h | 2h 32m | $2.1M | $3.4M | 50x |
Injective PYTH/USDC PERP
OKX PYTH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $14
- Price spread: +1.789% → +0.192%
- $159.73
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $163.71
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago | 1.58 bp | 19.6 bp −$20 | 218.7 bp −$2,187 | 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 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PYTHUSDT | −0.0094% | 4h | 0.06379 | +1.896% | $9.2M | $17.9M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0092% | 4h | 0.06382 | +1.949% | $9.6M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06418 | +2.524% | $40K | $18K | 25x | as long as short |
| Aster PYTHUSDT | −0.0019% | 4h | 0.06369 | +1.741% | $20K | $46K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06358 | +1.565% | $189K | $19 | 5x | as long as short |
| Gate PYTH_USDT | +0.0010% | 4h | 0.06367 | +1.709% | $1.1M | $498K | 75x | as long as short |
| Injective PYTH/USDC PERPlong | +0.0033% | 1h | 0.06260 | long leg | $553 | $220K | 5.5x | |
| Aevo PYTH-PERP | +0.0056% | 1h | 0.06377 | +1.867% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06381 | +1.933% | $191K | $205K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06362 | +1.631% | $3K | — | 10x | as long as short |
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Gate PYTH_USDT
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06377 | +1.869% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06373 | +1.805% | $7.6M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAPshort | +0.0100% | 4h | 0.06372 | +1.789% | $2.1M | $3.4M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06377 | +1.869% | $1.5M | $338K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06377 | +1.869% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06369 | +1.741% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06367 | +1.701% | $38K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06373 | +1.813% | $3K | $2K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0184% | 1h | 0.06380 | +1.909% | $39K | $93K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06372 | +1.790% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0376% | 1h | 0.06380 | +1.917% | $390K | $291K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1004% | 1h | 0.06389 | +2.061% | $10K | $10K | 10x | as long as short |
Hyperliquid PYTH
Bybit PYTHUSDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL