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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h −0.002%
Price spread now: Aster against Lighter+0.036%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.036% dearer against Lighter than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter PYTH0.063340.0096pay 0.0012% / 1h37m 13s$200K$217K5x
ShortAster PYTHUSDT0.063360.0040get 0.0020% / 4h37m 13s$22K$44K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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
−$11.81
Price spread: +0.036% → 0.000%
$3.62
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$16.18
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 23 min ago; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 23 min ago3.95 bp25.0 bp −$25110.4 bp −$1,104doesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_PYTHUSD−0.0398%1h0.06332−0.028%$377K$264K25xas long as short
Binance PYTHUSDT−0.0117%4h0.06324−0.156%$9.0M$17.1M75xas long as short
MEXC PYTH_USDT−0.0116%4h0.06326−0.126%$9.5M$2.3M125xas long as short
BloFin PYTH-USDT−0.0114%4h0.06324−0.158%$422K$115K75xas long as short
dYdX PYTH-USD0.0000%1h0.06335+0.015%$188K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06330−0.063%$10K$10K10xas long as short
Bybit PYTHUSDT+0.0014%4h0.06329−0.079%$7.5M$4.8M50xas long as short
Gate PYTH_USDT+0.0032%4h0.06324−0.158%$1.1M$474K75xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.168%$553$220K5.5xas long as short
Aster PYTHUSDTshort+0.0040%4h0.06336+0.036%$22K$44K10x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0048%1h0.06330−0.069%$23K3xas long as short
Lighter PYTHlong+0.0096%1h0.06334long leg$200K$217K5x
Paradex PYTH-USD-PERP+0.0100%8h0.06322−0.195%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06333−0.019%$1.7M$1.5M5xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06329−0.079%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06336+0.032%$1.5M$313K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06333−0.016%$2.6M$2.0M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06329−0.079%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06342+0.122%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06326−0.122%$3K$1K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0176%1h0.06328−0.095%$39K$6K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06327−0.111%20xas long as short
Backpack PYTH_USDC_PERP+0.0559%1h0.06340+0.090%$36K$89K10xas long as short