Funding you earn now, next payment 01:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.039%
Price spread now: BloFin against Kraken Futures−0.177%57s7-day average −0.191% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.746% of the position
Funding, last 7 days−0.546%−$55 on $10k
+Price spread, last 3 days (all we have)−0.104%−$10 · spread now −0.177%, 7d avg −0.191%
=The price spread sits at its 7-day average of −0.191%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 57 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 | Kraken Futures PF_PYTHUSD | 0.06366 | −0.0136 | get 0.0017% / 1h | 40m 17s | $390K | $289K | 25x |
| Short | BloFin PYTH-USDT | 0.06355 | −0.0153 | pay 0.0077% / 4h | 3h 40m | $426K | $112K | 75x |
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$3.61
- Price spread: −0.177% → −0.191%
- $1.46
- Slippage, 4 orders
- −$52.64
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$76.79
- Costs to cover
- 0.746%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 32 min ago; BloFin: live order book, 30 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 BloFin live order book, 30 min ago | 0.79 bp | 16.8 bp −$17 | 32.0 bp −$320 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC PYTH_USDT | −0.0168% | 4h | 0.06359 | −0.114% | $9.7M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0163% | 4h | 0.06357 | −0.141% | $9.2M | $17.6M | 75x | as long as short |
| BloFin PYTH-USDTshort | −0.0153% | 4h | 0.06355 | −0.177% | $426K | $112K | 75x | |
| Kraken Futures PF_PYTHUSDlong | −0.0136% | 1h | 0.06366 | long leg | $390K | $289K | 25x | |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06368 | +0.027% | $40K | $18K | 25x | as long as short |
| Aster PYTHUSDT | −0.0006% | 4h | 0.06360 | −0.098% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06354 | −0.192% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.669% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0040% | 1h | 0.06360 | −0.092% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06363 | −0.051% | $201K | $198K | 5x | as long as short |
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
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 | 0.06357 | −0.138% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06363 | −0.046% | $1.9M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06361 | −0.083% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06360 | −0.098% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06351 | −0.240% | $1.1M | $468K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06362 | −0.067% | $1.5M | $325K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06359 | −0.114% | $2.6M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06358 | −0.130% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06358 | −0.137% | $38K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06359 | −0.109% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06356 | −0.157% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0895% | 1h | 0.06361 | −0.079% | $35K | $92K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1165% | 1h | 0.06370 | +0.059% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL