Funding you earn now, next payment 23:00 UTC+0.0209%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h −0.064%
Price spread now: Deribit against Kraken Futures+0.146%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.146% dearer against Kraken Futures than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06273 | −0.0209 | get 0.0026% / 1h | 53m 29s | $381K | $253K | 25x |
| Short | Deribit PYTH_USDC-PERPETUAL | 0.06282 | 0 | get 0.0000% / 1h | 53m 29s | $10K | $10K | 10x |
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $43.81
- Price spread: +0.146% → 0.000%
- $14.57
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $41.37
- Costs to cover
- 0.170%
- Break-even
- 0.4 days
Slippage unknown: Kraken Futures: live order book, 29 min ago; Deribit: 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, 29 min ago | 22.07 bp | 27.1 bp −$27 | 634.8 bp −$6,348 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.0428% | 1h | 0.06260 | −0.205% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSDlong | −0.0209% | 1h | 0.06273 | long leg | $381K | $253K | 25x | |
| Gate PYTH_USDT | −0.0036% | 4h | 0.06270 | −0.046% | $1.1M | $476K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06276 | +0.056% | $186K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUALshort | 0.0000% | 1h | 0.06282 | +0.146% | $10K | $10K | 10x | |
| BloFin PYTH-USDT | +0.0003% | 4h | 0.06287 | +0.225% | $419K | $115K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0034% | 4h | 0.06263 | −0.157% | $9.1M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | +0.0036% | 4h | 0.06263 | −0.157% | $9.0M | $16.9M | 75x | as long as short |
| Bybit PYTHUSDT | +0.0041% | 4h | 0.06272 | −0.014% | $7.4M | $5.1M | 50x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.521% | $40K | $6K | 25x | as long as short |
Injective PYTH/USDC PERP
Gate PYTH_USDT
dYdX PYTH-USD
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Bybit PYTHUSDT
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06271 | −0.030% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06280 | +0.114% | $197K | $208K | 5x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0097% | 1h | 0.06277 | +0.068% | $38K | $88K | 10x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06270 | −0.044% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06272 | −0.019% | $1.6M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06273 | +0.008% | $19K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06271 | −0.030% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06274 | +0.018% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06269 | −0.062% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06271 | −0.030% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06271 | −0.022% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06281 | +0.138% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06268 | −0.085% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Backpack PYTH_USDC_PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP