PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against KuCoin+0.063%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$2092.087% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.063%, 7d avg +0.049%

Together, before fees+0.005%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PYTHUSDTM	0.06359	0.0100	pay 0.0050% / 4h	3h 40m	$1.5M	$325K	50x
Short	Lighter PYTH	0.06363	0.0096	get 0.0012% / 1h	40m 31s	$201K	$198K	5x

Funding history

latest

Range statsloading…

Lighter 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 LighterbpOrdersPrice spread, now +0.063%Rate

Slippage from KuCoin: live order book, 5 min ago; Lighter: live order book, 15 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	12.58 bp	123.4 bp −$123	811.6 bp −$8,116	doesn't fit	doesn't fit
Sell Lighter live order book, 15 min ago	3.14 bp	6.8 bp −$7	67.6 bp −$676	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
MEXC PYTH_USDT	−0.0168%	4h	0.06355	−0.063%	$9.7M	$2.4M	125x	as long as short
Binance PYTHUSDT	−0.0163%	4h	0.06358	−0.019%	$9.2M	$17.6M	75x	as long as short
BloFin PYTH-USDT	−0.0153%	4h	0.06355	−0.063%	$426K	$112K	75x	as long as short
Kraken Futures PF_PYTHUSD	−0.0136%	1h	0.06361	+0.039%	$390K	$289K	25x	as long as short
Coinbase International PYTH-PERP-INTX	−0.0064%	1h	0.06368	+0.142%	$40K	$18K	25x	as long as short
Aster PYTHUSDT	−0.0006%	4h	0.06352	−0.105%	$22K	$44K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06354	−0.078%	$189K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06362	+0.047%	$10K	$10K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.557%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0040%	1h	0.06355	−0.063%	$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 PYTHshort	+0.0096%	1h	0.06363	+0.063%	$201K	$198K	5x
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06357	−0.024%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06363	+0.068%	$1.9M	$1.6M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06361	+0.031%	$7.6M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06362	+0.047%	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06348	−0.173%	$1.1M	$468K	75x	as long as short
KuCoin PYTHUSDTMlong	+0.0100%	4h	0.06359	long leg	$1.5M	$325K	50x
Bitget PYTHUSDT	+0.0100%	4h	0.06360	+0.016%	$2.6M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06359	0.000%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06358	−0.023%	$38K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06351	−0.134%	$3K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06356	−0.043%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0895%	1h	0.06361	+0.035%	$35K	$92K	10x	as long as short