Funding you earn now, next payment 00:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.90 per $10,000 · paid last 24h −0.010%
Price spread now: MEXC against KuCoin−0.111%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$237as in the Funding arb table
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$2282.283% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now −0.111%, 7d avg −0.067%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.044% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PYTHUSDTM | 0.06282 | 0.0100 | pay 0.0050% / 4h | 1h 10m | $1.5M | $310K | 50x |
| Short | MEXC PYTH_USDT | 0.06275 | −0.0080 | pay 0.0040% / 4h | 1h 10m | $9.1M | $2.3M | 125x |
KuCoin PYTHUSDTM
MEXC PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. 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
- −$37.8
- Price spread: −0.111% → −0.067%
- −$4.42
- Slippage, 4 orders
- −$216.33
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$270.55
- Costs to cover
- 2.283%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; MEXC: live order book, 3 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 KuCoin live order book, 5 min ago | 9.54 bp | 142.5 bp −$142 | 858.4 bp −$8,584 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.80 bp | 6.3 bp −$6 | 30.4 bp −$304 | 101.4 bp −$10.1K | 210.4 bp −$105.2K |
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 | −0.350% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06282 | +0.002% | $382K | $248K | 25x | as long as short |
| Binance PYTHUSDT | −0.0087% | 4h | 0.06278 | −0.064% | $9.0M | $17.0M | 75x | as long as short |
| MEXC PYTH_USDTshort | −0.0080% | 4h | 0.06275 | −0.111% | $9.1M | $2.3M | 125x | |
| Bybit PYTHUSDT | −0.0065% | 4h | 0.06280 | −0.032% | $7.4M | $4.7M | 50x | as long as short |
| BloFin PYTH-USDT | −0.0059% | 4h | 0.06283 | +0.016% | $419K | $114K | 75x | as long as short |
| Gate PYTH_USDT | −0.0036% | 4h | 0.06280 | −0.032% | $1.1M | $480K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06288 | +0.091% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06291 | +0.143% | $10K | $10K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0056% | 1h | 0.06277 | −0.084% | $22K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
Bybit PYTHUSDT
BloFin PYTH-USDT
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0065% | 4h | 0.06281 | −0.016% | $25K | $40K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.372% | $40K | $6K | 25x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06290 | +0.127% | $201K | $215K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06270 | −0.183% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06284 | +0.024% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06283 | +0.016% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTMlong | +0.0100% | 4h | 0.06282 | long leg | $1.5M | $310K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06279 | −0.048% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06278 | −0.064% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06287 | +0.078% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06283 | +0.018% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06277 | −0.072% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06278 | −0.069% | — | — | 20x | as long as short |
Aster PYTHUSDT
Coinbase International PYTH-PERP-INTX
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP