Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against KuCoin+0.016%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$459as in the Funding arb table
Net, price: spread back to 7d avg − costs−$455as in the Price arb table
costs, in and out, $10k−$4594.594% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 7 days−0.006%−$1 · spread now +0.016%, 7d avg −0.025%
Together, before fees−0.007%−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.040% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PYTHUSDTM0.063390.0100pay 0.0050% / 4h3h 09m$1.5M$346K50x
ShortOKX PYTH-USDT-SWAP0.063400.0100get 0.0050% / 4h3h 09m$2.1M$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$0
Price spread: +0.016% → −0.025%
$4.04
Slippage, 4 orders
−$437.36
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$455.33
Costs to cover
4.594%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 6 min ago7.85 bp313.4 bp −$313926.0 bp −$9,260doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago2.36 bp15.6 bp −$1670.6 bp −$706doesn't fitdoesn't fit

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit PYTH_USDC-PERPETUAL−0.0381%1h0.06337−0.032%$10K$10K10xas long as short
Backpack PYTH_USDC_PERP−0.0097%1h0.06345+0.095%$38K$63K10xas long as short
Gate PYTH_USDT−0.0010%4h0.06332−0.110%$1.0M$518K75xas long as short
dYdX PYTH-USD0.0000%1h0.06350+0.170%$189K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.246%$553$220K5.5xas long as short
Binance PYTHUSDT+0.0045%4h0.06338−0.016%$9.1M$18.4M75xas long as short
MEXC PYTH_USDT+0.0050%4h0.06338−0.016%$10.7M$2.9M125xas long as short
BloFin PYTH-USDT+0.0077%4h0.06355+0.252%$427K$77K75xas long as short
Lighter PYTH+0.0096%1h0.06347+0.126%$193K$211K5xas long as short
Aevo PYTH-PERP+0.0096%1h0.06342+0.044%$23K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PYTHUSDT+0.0097%4h0.06338−0.016%$7.5M$4.8M50xas long as short
Aster PYTHUSDT+0.0098%4h0.06348+0.146%$20K$45K10xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06334−0.087%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06347+0.129%$2.3M$1.8M5xas long as short
OKX PYTH-USDT-SWAPshort+0.0100%4h0.06340+0.016%$2.1M$3.5M50x
KuCoin PYTHUSDTMlong+0.0100%4h0.06339long leg$1.5M$346K50x
Bitget PYTHUSDT+0.0100%4h0.06346+0.110%$2.7M$2.1M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06340+0.016%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06350+0.179%$38K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06341+0.036%$2K$2K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0152%1h0.06493+2.429%$40K$19K25xas long as short
Kraken Futures PF_PYTHUSD+0.0300%1h0.06343+0.060%$388K$301K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06335−0.058%20xas long as short