Funding you earn now, next payment 06:00 UTC−0.0137%/8h= −15.1% APRpaid last 24h −0.024%
Price spread now: OKX against Kraken Futures+0.146%7-day average −0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$840.836% of the position
Funding, last 7 days−0.471%−$47 on $10k
+Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.146%, 7d avg −0.138%
=The price spread pays, funding is against you. OKX is 0.284% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.146% now, against its 7-day average of −0.138%): +$28 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06276 | 0.0237 | pay 0.0030% / 1h | 21m 45s | $383K | $302K | 25x |
| Short | OKX PYTH-USDT-SWAP | 0.06285 | 0.0100 | get 0.0050% / 4h | 2h 21m | $2.1M | $3.5M | 50x |
Kraken Futures PF_PYTHUSD
OKX PYTH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$28.87
- Price spread: +0.146% → −0.138%
- $28.41
- Slippage, 4 orders
- −$63.61
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$84.07
- Costs to cover
- 0.836%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 26 min ago; OKX: live order book, 1 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, 26 min ago | 6.32 bp | 24.7 bp −$25 | 505.9 bp −$5,059 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.59 bp | 20.3 bp −$20 | 130.1 bp −$1,301 | 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 | −0.0428% | 1h | 0.06281 | +0.079% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0120% | 4h | 0.06274 | −0.029% | $1.0M | $530K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0020% | 4h | 0.06240 | −0.571% | $420K | $75K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06283 | +0.112% | $187K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0004% | 4h | 0.06280 | +0.066% | $10.5M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0009% | 4h | 0.06281 | +0.082% | $8.9M | $18.8M | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.252% | $553 | $220K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0069% | 1h | 0.06273 | −0.045% | $10K | $10K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06265 | −0.179% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06284 | +0.130% | $193K | $210K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
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 | 0.06283 | +0.114% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06282 | +0.100% | $2.1M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06275 | −0.017% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06285 | +0.146% | $7.4M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAPshort | +0.0100% | 4h | 0.06285 | +0.146% | $2.1M | $3.5M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06279 | +0.050% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06281 | +0.082% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06282 | +0.098% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06231 | −0.715% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06262 | −0.220% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSDlong | +0.0237% | 1h | 0.06276 | long leg | $383K | $302K | 25x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06257 | −0.304% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +3.460% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX