PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0409%/8h= +44.8% APRnext payment +$0.51 per $10,000 · paid last 24h −0.047%

Price spread now: Backpack against Kraken Futures−0.015%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.292%−$29 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.292%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PYTHUSD	0.06339	−0.0216	get 0.0027% / 1h	13m 46s	$384K	$240K	25x
Short	Backpack PYTH_USDC_PERP	0.06338	0.0193	get 0.0024% / 1h	13m 46s	$38K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Kraken FuturesbpFee BackpackbpOrdersPrice spread, now −0.015%Rate

Funding earned: $85.95
Price spread: −0.015% → 0.000%: −$1.47
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $64.48
Costs to cover: 0.200%
Break-even: 1.7 days

Slippage unknown: Kraken Futures: live order book, 9 min ago; Backpack: no order-book sample. 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 Kraken Futures live order book, 9 min ago	22.07 bp	27.1 bp −$27	634.8 bp −$6,348	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: 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 PERP	−0.0586%	1h	0.06350	+0.170%	$561	$180K	5.5x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0538%	1h	0.06337	−0.035%	$10K	$10K	10x	as long as short
Kraken Futures PF_PYTHUSDlong	−0.0216%	1h	0.06339	long leg	$384K	$240K	25x
Gate PYTH_USDT	−0.0042%	4h	0.06332	−0.114%	$1.1M	$466K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06344	+0.070%	$188K	$19	5x	as long as short
Binance PYTHUSDT	+0.0021%	4h	0.06327	−0.193%	$9.1M	$16.0M	75x	as long as short
MEXC PYTH_USDT	+0.0022%	4h	0.06328	−0.177%	$9.3M	$2.4M	125x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0048%	1h	0.06431	+1.448%	$40K	$6K	25x	as long as short
BloFin PYTH-USDT	+0.0054%	4h	0.06329	−0.161%	$422K	$117K	75x	as long as short
Bybit PYTHUSDT	+0.0064%	4h	0.06326	−0.209%	$7.4M	$4.9M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PYTH-PERP	+0.0088%	1h	0.06331	−0.136%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06335	−0.067%	$196K	$206K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06323	−0.255%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06338	−0.024%	$1.7M	$1.5M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06337	−0.035%	$20K	$24K	10x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06326	−0.209%	$2.1M	$3.3M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06338	−0.019%	$1.5M	$304K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06328	−0.177%	$2.6M	$1.9M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06328	−0.177%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06338	−0.024%	$44K	$23K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06332	−0.109%	$3K	$1K	10x	as long as short
Backpack PYTH_USDC_PERPshort	+0.0193%	1h	0.06338	−0.015%	$38K	$87K	10x
Reya PYTHRUSDPERP	+0.0302%	1h	0.06332	−0.120%	—	—	20x	as long as short