PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Bitget against Lighter−0.110%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$770.771% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.110%, 7d avg −0.120%

Together, before fees+0.018%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PYTH	0.06336	0.0096	pay 0.0012% / 1h	8m 47s	$194K	$211K	5x
Short	Bitget PYTHUSDT	0.06329	0.0100	get 0.0050% / 4h	3h 08m	$2.7M	$2.1M	75x

Funding history

latest

Range statsloading…

Bitget against Lighter. 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 LighterbpFee BitgetbpOrdersPrice spread, now −0.110%Rate

Slippage from Lighter: live order book, 26 min ago; Bitget: live order book, 4 min ago.

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, 26 min ago	3.13 bp	25.0 bp −$25	113.5 bp −$1,135	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.36 bp	19.2 bp −$19	32.2 bp −$322	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
Deribit PYTH_USDC-PERPETUAL	−0.0224%	1h	0.06328	−0.126%	$10K	$10K	10x	as long as short
Backpack PYTH_USDC_PERP	−0.0105%	1h	0.06338	+0.032%	$38K	$63K	10x	as long as short
Gate PYTH_USDT	−0.0026%	4h	0.06322	−0.221%	$1.0M	$518K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06350	+0.218%	$189K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.199%	$553	$220K	5.5x	as long as short
Binance PYTHUSDT	+0.0036%	4h	0.06328	−0.126%	$9.0M	$18.4M	75x	as long as short
BloFin PYTH-USDT	+0.0037%	4h	0.06340	+0.063%	$426K	$77K	75x	as long as short
MEXC PYTH_USDT	+0.0044%	4h	0.06328	−0.126%	$10.6M	$2.9M	125x	as long as short
Aevo PYTH-PERP	+0.0088%	1h	0.06330	−0.095%	$23K	—	3x	as long as short
Aster PYTHUSDT	+0.0094%	4h	0.06340	+0.069%	$20K	$45K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PYTHlong	+0.0096%	1h	0.06336	long leg	$194K	$211K	5x
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06336	−0.007%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06339	+0.041%	$2.3M	$1.8M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06333	−0.047%	$7.5M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06329	−0.110%	$2.1M	$3.5M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06332	−0.063%	$1.5M	$346K	50x	as long as short
Bitget PYTHUSDTshort	+0.0100%	4h	0.06329	−0.110%	$2.7M	$2.1M	75x
BingX PYTH-USDT	+0.0100%	4h	0.06329	−0.110%	—	$2.7M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06350	+0.226%	$38K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06332	−0.060%	$2K	$2K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0152%	1h	0.06493	+2.478%	$40K	$19K	25x	as long as short
Kraken Futures PF_PYTHUSD	+0.0300%	1h	0.06333	−0.048%	$387K	$301K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06329	−0.104%	—	—	20x	as long as short