PYTH

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_PYTHUSD	0.06354	+0.0290	pay 0.0036% / 1h	5m 09s	$252K	$106K	25x	Long Kraken Futures
SHORT	BackpackPYTH_USDC_PERP	0.06356	+0.0100	get 0.0013% / 1h	5m 09s	$36K	$104K	10x	Short Backpack

Price gap+0.031%

Funding gap−0.0190% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 11 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$43−0.0190% /8h now · paid −0.434% over the last 7D

Price+$3spread +0.031% now, avg +0.006% → +0.025% if it goes back

Costs−$760.762% of $10k · taker + slippage, in and out

Result−$117−1.17%no points

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.031%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PYTH on 20 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size22.6 / 11.2 bp
At $10k entering Kraken Futures costs 22.6 bp, fee and slippage, 2.0× Backpack’s.
Note: Margin at max leverage$400 + $1,000
Kraken Futures 25x, Backpack 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$5.70Long Kraken Futures: 24 payments, −$8.70; short Backpack: 24 payments, +$3.00.
OK: Entry gap works for you+0.031% vs +0.006%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$36K vs $252K OI
Backpack sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKraken Futures Yes · Backpack Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0206%/8h × 21 periods−$43.35

Price spread+0.031% → +0.006% (7d avg)+$2.55

Slippage, 4 orderslive order books−$56.16

Fee Kraken Futures bp × 2 orders−$10.00

Fee Backpack bp × 2 orders−$10.00

Net · 7 days · $10k−$116.96

Costs to cover0.762%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 50 min ago; Backpack: live order book, 22 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures13.4322.6 bp−$23doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBackpack0.0811.2 bp−$11doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

PYTH news

posts that mention PYTH, from every exchange

11-03 07:08	Binance	Other	Latest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗
09-18 10:04	Deribit	Listing	🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗
09-17 15:30	Deribit	Listing	🚨 More new perpetual futures are coming to Deribit We are pleased to announce that tomorrow, September 18, 2026, at 10:00 AM UTC, Deribit is launching a new lineup of USDC-settled perpetuals. MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM Contract details: 🔹Settlement: USDC 🔹All contract details and specifications 🔽 Please note that these newly listed perpetual contracts are subject to our Auto-Deleveraging Mechanism (ADL) and are covered by the Liquidity Support Program (LSP). By trading any of the products listed above, you acknowledge and agree that the terms of ADL and LSP will apply. @DeribitOfficial on X ↗