Funding you earn now, next payment 03:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.017%
Price spread now: Bitget against Kraken Futures0.000%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$910.909% of the position
Funding, last 7 days−0.465%−$47 on $10k
+Price spread, last 4 days (all we have)+0.256%+$26 · spread now 0.000%, 7d avg −0.159%
=The price spread pays, funding is against you. Bitget is 0.159% dearer against Kraken Futures than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.159%): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06398 | 0.0299 | pay 0.0037% / 1h | 18m 03s | $390K | $291K | 25x |
| Short | Bitget PYTHUSDT | 0.06398 | 0.0100 | get 0.0050% / 4h | 1h 18m | $2.7M | $2.1M | 75x |
Kraken Futures PF_PYTHUSD
Bitget PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$41.84
- Price spread: 0.000% → −0.159%
- $15.86
- Slippage, 4 orders
- −$68.92
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$116.9
- Costs to cover
- 0.909%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 45 min ago; Bitget: 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, 45 min ago | 11.02 bp | 25.1 bp −$25 | 642.1 bp −$6,421 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.71 bp | 19.9 bp −$20 | 72.8 bp −$728 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0363% | 1h | 0.06402 | +0.070% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0202% | 4h | 0.06384 | −0.219% | $1.0M | $503K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0024% | 4h | 0.06371 | −0.422% | $353K | $87K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06383 | −0.238% | $190K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | 0.0000% | 4h | 0.06392 | −0.094% | $9.5M | $2.5M | 125x | as long as short |
| Binance PYTHUSDT | +0.0004% | 4h | 0.06391 | −0.114% | $9.2M | $17.8M | 75x | as long as short |
| Aster PYTHUSDT | +0.0019% | 4h | 0.06390 | −0.123% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.157% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06388 | −0.161% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06404 | +0.094% | $192K | $204K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06373 | −0.387% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06403 | +0.083% | $2.1M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06392 | −0.094% | $7.6M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06394 | −0.063% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06396 | −0.031% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDTshort | +0.0100% | 4h | 0.06398 | 0.000% | $2.7M | $2.1M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06396 | −0.031% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06367 | −0.487% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06388 | −0.164% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06385 | −0.203% | $40K | $18K | 25x | as long as short |
| Kraken Futures PF_PYTHUSDlong | +0.0299% | 1h | 0.06398 | long leg | $390K | $291K | 25x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06391 | −0.108% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0376% | 1h | 0.06395 | −0.047% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL