Funding you earn now, next payment 04:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.011%
Price spread now: BloFin against Lighter−1.083%90s7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$620.623% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)+0.586%+$59 · spread now −1.083%, 7d avg −0.162%
=Together, before fees+0.502%+ Points / potential airdropLighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.921% cheaper against Lighter than usual: you would sell low and buy high (−$92 if the spread goes back to its 7-day average of −0.162%). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06463 | 0.0096 | pay 0.0012% / 1h | 29m 47s | $195K | $208K | 5x |
| Short | BloFin PYTH-USDT | 0.06393 | 0.0044 | get 0.0022% / 4h | 29m 47s | $427K | $80K | 75x |
Lighter PYTH
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$10.84
- Price spread: −1.083% → −0.162%
- −$92.13
- Slippage, 4 orders
- −$50.28
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$165.25
- Costs to cover
- 0.623%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 10 min ago; BloFin: live order book, 6 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, 10 min ago | 3.96 bp | 14.0 bp −$14 | 92.5 bp −$925 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.79 bp | 21.4 bp −$21 | 43.9 bp −$439 | 133.3 bp −$13.3K | doesn't fit |
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 | −0.0293% | 1h | 0.06477 | +0.221% | $38K | $59K | 10x | as long as short |
| Gate PYTH_USDT | −0.0132% | 4h | 0.06456 | −0.108% | $1.1M | $513K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06453 | −0.157% | $192K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06461 | −0.031% | $10K | $10K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.141% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDTshort | +0.0044% | 4h | 0.06393 | −1.083% | $427K | $80K | 75x | |
| MEXC PYTH_USDT | +0.0058% | 4h | 0.06465 | +0.031% | $10.6M | $2.7M | 125x | as long as short |
| Aster PYTHUSDT | +0.0058% | 4h | 0.06473 | +0.153% | $21K | $44K | 10x | as long as short |
| Binance PYTHUSDT | +0.0063% | 4h | 0.06461 | −0.027% | $9.2M | $18.1M | 75x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06463 | long leg | $195K | $208K | 5x |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Aster PYTHUSDT
Binance PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06456 | −0.107% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06446 | −0.268% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06477 | +0.217% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06461 | −0.031% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06458 | −0.077% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06465 | +0.031% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06468 | +0.077% | $2.8M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06460 | −0.046% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06387 | −1.170% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06454 | −0.142% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06440 | −0.356% | $40K | $19K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06446 | −0.264% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0405% | 1h | 0.06470 | +0.114% | $395K | $288K | 25x | as long as short |
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD