Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: BingX against Lighter−0.235%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)+0.335%+$34 · spread now −0.235%, 7d avg −0.103%
=Together, before fees+0.344%+ Points / potential airdropLighter: Season 3 · farm board+$34 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: BingX is 0.132% cheaper against Lighter than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.103%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06380 | 0.0096 | pay 0.0012% / 1h | 19m 42s | $192K | $204K | 5x |
| Short | BingX PYTH-USDT | 0.06365 | 0.0100 | get 0.0050% / 4h | 1h 19m | — | $2.7M | — |
Lighter PYTH
BingX PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- $0.84
- Price spread: −0.235% → −0.103%
- −$13.17
- Slippage, 4 orders
- −$63.21
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$85.54
- Costs to cover
- 0.732%
- Break-even
- 719.9 days
Slippage from Lighter: live order book, 25 min ago; BingX: live order book, 5 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 Lighter live order book, 25 min ago | 3.95 bp | 22.8 bp −$23 | 108.1 bp −$1,081 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 3.94 bp | 20.2 bp −$20 | 42.8 bp −$428 | 197.5 bp −$19.8K | 434.3 bp −$217.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0378% | 1h | 0.06367 | −0.199% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0212% | 4h | 0.06360 | −0.313% | $1.0M | $503K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0013% | 4h | 0.06371 | −0.141% | $353K | $87K | 75x | as long as short |
| MEXC PYTH_USDT | −0.0004% | 4h | 0.06360 | −0.313% | $9.5M | $2.5M | 125x | as long as short |
| Binance PYTHUSDT | −0.0001% | 4h | 0.06371 | −0.141% | $9.1M | $17.8M | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06373 | −0.114% | $189K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0017% | 4h | 0.06367 | −0.201% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.881% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06365 | −0.235% | $23K | — | 3x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06380 | long leg | $192K | $204K | 5x |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06357 | −0.365% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06372 | −0.125% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06373 | −0.110% | $7.6M | $4.6M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06374 | −0.094% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06367 | −0.204% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06362 | −0.282% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDTshort | +0.0100% | 4h | 0.06365 | −0.235% | — | $2.7M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06367 | −0.207% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06363 | −0.268% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06385 | +0.078% | $40K | $18K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0301% | 1h | 0.06368 | −0.183% | $389K | $291K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06361 | −0.302% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0378% | 1h | 0.06375 | −0.078% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL