PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.006%

Price spread now: Coinbase International against Lighter+0.173%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Coinbase International

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Coinbase International is 0.173% dearer against Lighter than usual: you sell high and buy low (spread +0.173% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PYTH	0.06357	0.0096	pay 0.0012% / 1h	43m 31s	$201K	$198K	5x
Short	Coinbase International PYTH-PERP-INTX	0.06368	−0.0064	pay 0.0008% / 1h	43m 31s	$40K	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.173%Rate

Funding earned: −$33.6
Price spread: +0.173% → 0.000%: $17.3
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.3
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: live order book, 12 min ago; Coinbase International: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 12 min ago	3.14 bp	8.6 bp −$9	76.9 bp −$769	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PYTH-USDT	−0.0201%	4h	0.06354	−0.047%	$424K	$113K	75x	as long as short
Binance PYTHUSDT	−0.0179%	4h	0.06357	0.000%	$9.2M	$17.6M	75x	as long as short
MEXC PYTH_USDT	−0.0178%	4h	0.06347	−0.157%	$9.7M	$2.4M	125x	as long as short
Kraken Futures PF_PYTHUSD	−0.0137%	1h	0.06347	−0.151%	$389K	$289K	25x	as long as short
Coinbase International PYTH-PERP-INTXshort	−0.0064%	1h	0.06368	+0.173%	$40K	$18K	25x
Aster PYTHUSDT	−0.0012%	4h	0.06346	−0.170%	$22K	$44K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06353	−0.062%	$189K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.526%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0040%	1h	0.06345	−0.193%	$23K	—	3x	as long as short
Bybit PYTHUSDT	+0.0069%	4h	0.06360	+0.047%	$7.6M	$4.8M	50x	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	0.06357	long leg	$201K	$198K	5x
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06348	−0.134%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06357	+0.003%	$1.9M	$1.6M	5x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06358	+0.016%	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06338	−0.299%	$1.1M	$468K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06351	−0.094%	$1.5M	$325K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06360	+0.047%	$2.6M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06348	−0.142%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06358	+0.016%	$38K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06346	−0.165%	$3K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06347	−0.153%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0853%	1h	0.06348	−0.138%	$35K	$92K	10x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.1639%	1h	0.06363	+0.094%	$10K	$10K	10x	as long as short