Funding you earn now, next payment 23:00 UTC+0.0131%/8h= +14.3% APRnext payment +$0.16 per $10,000 · paid last 24h −0.023%
Price spread now: Deribit against Lighter−0.016%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06296 | 0.0096 | pay 0.0012% / 1h | 55m 18s | $197K | $208K | 5x |
| Short | Deribit PYTH_USDC-PERPETUAL | 0.06295 | 0.0227 | get 0.0028% / 1h | 55m 18s | $10K | $10K | 10x |
Lighter PYTH
Deribit PYTH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $27.47
- Price spread: −0.016% → 0.000%
- −$1.59
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $18.88
- Costs to cover
- 0.070%
- Break-even
- 2.2 days
Slippage unknown: Lighter: live order book, 18 min ago; Deribit: 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, 18 min ago | 3.95 bp | 11.6 bp −$12 | 98.4 bp −$984 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −0.572% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06290 | −0.103% | $382K | $253K | 25x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0131% | 1h | 0.06277 | −0.294% | $38K | $88K | 10x | as long as short |
| Gate PYTH_USDT | −0.0046% | 4h | 0.06288 | −0.127% | $1.1M | $474K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06282 | −0.215% | $187K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0003% | 4h | 0.06287 | −0.143% | $419K | $115K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0030% | 4h | 0.06289 | −0.111% | $9.2M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | +0.0030% | 4h | 0.06287 | −0.141% | $9.0M | $16.7M | 75x | as long as short |
| Bybit PYTHUSDT | +0.0071% | 4h | 0.06289 | −0.111% | $7.4M | $5.1M | 50x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.144% | $40K | $6K | 25x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Bybit PYTHUSDT
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06285 | −0.175% | $22K | — | 3x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06296 | long leg | $197K | $208K | 5x | |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06281 | −0.235% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06292 | −0.060% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06281 | −0.245% | $19K | $30K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06287 | −0.143% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06284 | −0.191% | $1.5M | $313K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06287 | −0.143% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06290 | −0.095% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06271 | −0.390% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06287 | −0.141% | $3K | $1K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUALshort | +0.0227% | 1h | 0.06295 | −0.016% | $10K | $10K | 10x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06290 | −0.102% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP