Funding you earn now, next payment 01:00 UTC+0.0236%/8h= +25.9% APRpaid last 24h −0.026%
Price spread now: BingX against Kraken Futures−0.117%7-day average −0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$810.811% of the position
Funding, last 7 days−0.454%−$45 on $10k
+Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.117%, 7d avg −0.144%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.027% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.144%. Mind the row above: over the last 7 days funding on this pair cost −0.454%, 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 | 0.06361 | −0.0136 | get 0.0017% / 1h | 40m 53s | $390K | $289K | 25x |
| Short | BingX PYTH-USDT | 0.06354 | 0.0100 | get 0.0050% / 4h | 3h 40m | — | $2.8M | — |
Kraken Futures PF_PYTHUSD
BingX PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $49.64
- Price spread: −0.117% → −0.144%
- $2.66
- Slippage, 4 orders
- −$61.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$28.77
- Costs to cover
- 0.811%
- Break-even
- 11.1 days
Slippage from Kraken Futures: live order book, 32 min ago; BingX: live order book, 4 min ago.
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, 32 min ago | 7.12 bp | 21.1 bp −$21 | 334.4 bp −$3,344 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 3.93 bp | 16.4 bp −$16 | 34.0 bp −$340 | 213.8 bp −$21.4K | 453.0 bp −$226.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC PYTH_USDT | −0.0176% | 4h | 0.06350 | −0.180% | $9.7M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0169% | 4h | 0.06350 | −0.173% | $9.2M | $17.6M | 75x | as long as short |
| BloFin PYTH-USDT | −0.0153% | 4h | 0.06355 | −0.102% | $426K | $112K | 75x | as long as short |
| Kraken Futures PF_PYTHUSDlong | −0.0136% | 1h | 0.06361 | long leg | $390K | $289K | 25x | |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06368 | +0.103% | $40K | $18K | 25x | as long as short |
| Aster PYTHUSDT | −0.0009% | 4h | 0.06353 | −0.136% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06360 | −0.025% | $189K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06362 | +0.008% | $10K | $10K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.595% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0040% | 1h | 0.06355 | −0.102% | $23K | — | 3x | as long as short |
MEXC PYTH_USDT
Binance PYTHUSDT
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06363 | +0.024% | $201K | $198K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06348 | −0.213% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06362 | +0.012% | $1.9M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06356 | −0.086% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06352 | −0.149% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06348 | −0.212% | $1.1M | $468K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06359 | −0.039% | $1.5M | $325K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06353 | −0.133% | $2.6M | $2.1M | 75x | as long as short |
| BingX PYTH-USDTshort | +0.0100% | 4h | 0.06354 | −0.117% | — | $2.8M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06358 | −0.062% | $38K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06351 | −0.172% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06352 | −0.156% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0895% | 1h | 0.06361 | −0.004% | $35K | $92K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP