Funding you earn now, next payment 23:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h −0.075%
Price spread now: dYdX against Kraken Futures+0.054%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$294as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as in the Price arb table
costs, in and out, $10k−$2282.283% of the position
Funding, last 7 days−0.658%−$66 on $10k
+Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.054%, 7d avg −0.046%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and dYdX is 0.100% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.658%, 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 | 0.06296 | −0.0208 | get 0.0026% / 1h | 21m 14s | $382K | $252K | 25x |
| Short | dYdX PYTH-USD | 0.06299 | 0 | get 0.0000% / 1h | 21m 14s | $187K | $19 | 5x |
Kraken Futures PF_PYTHUSD
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $43.65
- Price spread: +0.054% → −0.046%
- $9.96
- Slippage, 4 orders
- −$208.33
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$174.73
- Costs to cover
- 2.283%
- Break-even
- 35.0 days
Slippage from Kraken Futures: live order book, 61 min ago; dYdX: live order book, 63 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, 61 min ago | 22.07 bp | 27.1 bp −$27 | 634.8 bp −$6,348 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 63 min ago | 80.50 bp | 85.5 bp −$86 | 219.1 bp −$2,191 | 274.5 bp −$27.4K | 718.7 bp −$359.4K |
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 | −0.569% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSDlong | −0.0208% | 1h | 0.06296 | long leg | $382K | $252K | 25x | |
| Deribit PYTH_USDC-PERPETUAL | −0.0067% | 1h | 0.06299 | +0.050% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | −0.0067% | 4h | 0.06289 | −0.109% | $422K | $114K | 75x | as long as short |
| Binance PYTHUSDT | −0.0047% | 4h | 0.06288 | −0.120% | $9.1M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0046% | 4h | 0.06288 | −0.125% | $9.2M | $2.3M | 125x | as long as short |
| Gate PYTH_USDT | −0.0024% | 4h | 0.06285 | −0.172% | $1.1M | $480K | 75x | as long as short |
| Bybit PYTHUSDT | −0.0023% | 4h | 0.06295 | −0.014% | $7.4M | $5.1M | 50x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06299 | +0.054% | $187K | $19 | 5x | |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06290 | −0.093% | $22K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Gate PYTH_USDT
Bybit PYTHUSDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.147% | $40K | $6K | 25x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06299 | +0.050% | $196K | $210K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06290 | −0.099% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06293 | −0.041% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06290 | −0.098% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06290 | −0.093% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06299 | +0.050% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06290 | −0.093% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06291 | −0.077% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06295 | −0.014% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06277 | −0.304% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06291 | −0.071% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06290 | −0.090% | — | — | 20x | as long as short |
Coinbase International PYTH-PERP-INTX
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP