PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0314%/8h= +34.4% APRpaid last 24h +0.015%

Price spread now: Kraken Futures against KuCoin+0.104%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3323.317% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.463%+$46 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.104%, 7d avg +0.089%

Together, before fees+0.240%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PYTHUSDTM	0.06317	0.0100	pay 0.0050% / 4h	46m 03s	$1.5M	$344K	50x
Short	Kraken Futures PF_PYTHUSD	0.06324	0.0414	get 0.0052% / 1h	46m 03s	$385K	$293K	25x

Funding history

latest

Range statsloading…

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.104%Rate

Slippage from KuCoin: live order book, 5 min ago; Kraken Futures: live order book, 12 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 5 min ago	3.95 bp	133.5 bp −$134	818.5 bp −$8,185	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 12 min ago	21.36 bp	44.1 bp −$44	288.0 bp −$2,880	doesn't fit	doesn't fit

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	−0.0421%	1h	0.06324	+0.117%	$37K	$50K	10x	as long as short
Gate PYTH_USDT	−0.0200%	4h	0.06305	−0.190%	$1.0M	$504K	75x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0066%	1h	0.06319	+0.032%	$10K	$10K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06316	−0.018%	$188K	$19	5x	as long as short
Aster PYTHUSDT	+0.0026%	4h	0.06322	+0.076%	$20K	$43K	10x	as long as short
MEXC PYTH_USDT	+0.0028%	4h	0.06315	−0.032%	$10.0M	$2.5M	125x	as long as short
Binance PYTHUSDT	+0.0029%	4h	0.06315	−0.032%	$9.0M	$17.9M	75x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−0.902%	$553	$220K	5.5x	as long as short
BloFin PYTH-USDT	+0.0041%	4h	0.06308	−0.142%	$350K	$81K	75x	as long as short
Aevo PYTH-PERP	+0.0088%	1h	0.06327	+0.157%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PYTH	+0.0096%	1h	0.06324	+0.111%	$190K	$206K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06314	−0.049%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06325	+0.130%	$2.0M	$1.6M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06314	−0.047%	$7.5M	$4.7M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06310	−0.111%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTMlong	+0.0100%	4h	0.06317	long leg	$1.5M	$344K	50x
Bitget PYTHUSDT	+0.0100%	4h	0.06315	−0.032%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06314	−0.047%	—	$2.7M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06314	−0.050%	$38K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06317	−0.002%	$3K	$2K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0104%	1h	0.06324	+0.111%	$39K	$18K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06307	−0.151%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSDshort	+0.0414%	1h	0.06324	+0.104%	$385K	$293K	25x