PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0495%/8h= −54.2% APRpaid last 24h −0.043%

Price spread now: MEXC against Kraken Futures−0.173%7-day average −0.172% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1051.047% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.555%−$56 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.173%, 7d avg −0.172%

Together, before fees−0.507%−$51 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.172%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PYTHUSD	0.06394	0.0375	pay 0.0047% / 1h	50m 48s	$392K	$291K	25x
Short	MEXC PYTH_USDT	0.06383	−0.0120	pay 0.0060% / 4h	2h 50m	$9.7M	$2.4M	125x

Funding history

latest

Range statsloading…

MEXC against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee Kraken FuturesbpFee MEXCbpOrdersPrice spread, now −0.173%Rate

Slippage from Kraken Futures: live order book, 17 min ago; MEXC: live order book, 2 min ago.

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, 17 min ago	20.08 bp	48.1 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.35 bp	5.5 bp −$6	52.3 bp −$523	105.9 bp −$10.6K	194.3 bp −$97.2K

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_USDTshort	−0.0120%	4h	0.06383	−0.173%	$9.7M	$2.4M	125x
BloFin PYTH-USDT	−0.0118%	4h	0.06388	−0.095%	$433K	$113K	75x	as long as short
Binance PYTHUSDT	−0.0114%	4h	0.06388	−0.095%	$9.2M	$17.8M	75x	as long as short
Coinbase International PYTH-PERP-INTX	−0.0064%	1h	0.06402	+0.124%	$40K	$18K	25x	as long as short
Aster PYTHUSDT	−0.0008%	4h	0.06387	−0.104%	$20K	$46K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06392	−0.033%	$190K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−2.097%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0056%	1h	0.06384	−0.159%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06396	+0.030%	$191K	$204K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06372	−0.342%	$3K	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PYTH	+0.0100%	1h	0.06392	−0.035%	$2.0M	$1.6M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06390	−0.063%	$7.6M	$4.9M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06389	−0.079%	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06379	−0.235%	$1.1M	$489K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06393	−0.017%	$1.5M	$333K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06393	−0.017%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06390	−0.063%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06383	−0.181%	$39K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06385	−0.138%	$3K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06378	−0.251%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSDlong	+0.0375%	1h	0.06394	long leg	$392K	$291K	25x
Deribit PYTH_USDC-PERPETUAL	+0.0532%	1h	0.06396	+0.030%	$10K	$10K	10x	as long as short
Backpack PYTH_USDC_PERP	+0.0625%	1h	0.06392	−0.026%	$38K	$93K	10x	as long as short