Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%
Price spread now: dYdX against Lighter−0.065%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1201.202% of the position
Funding, last 7 days−0.196%−$20 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.065%, 7d avg −0.012%
=Together, before fees−0.104%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.053% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06471 | 0.0096 | pay 0.0012% / 1h | 28m 29s | $195K | $208K | 5x |
| Short | dYdX PYTH-USD | 0.06467 | 0 | get 0.0000% / 1h | 28m 29s | $192K | $19 | 5x |
Lighter PYTH
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$20.16
- Price spread: −0.065% → −0.012%
- −$5.3
- Slippage, 4 orders
- −$110.16
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$145.62
- Costs to cover
- 1.202%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; dYdX: live order book, 31 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, 12 min ago | 3.96 bp | 14.0 bp −$14 | 92.5 bp −$925 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 31 min ago | 31.53 bp | 60.2 bp −$60 | 155.7 bp −$1,557 | 295.6 bp −$29.6K | 1263.3 bp −$631.6K |
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 | −0.0252% | 1h | 0.06469 | −0.034% | $38K | $59K | 10x | as long as short |
| Gate PYTH_USDT | −0.0120% | 4h | 0.06458 | −0.201% | $1.1M | $513K | 75x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06467 | −0.065% | $192K | $19 | 5x | |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06470 | −0.015% | $10K | $10K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.261% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0054% | 4h | 0.06457 | −0.216% | $423K | $81K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0062% | 4h | 0.06462 | −0.139% | $10.5M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0068% | 4h | 0.06460 | −0.170% | $9.3M | $18.2M | 75x | as long as short |
| Aster PYTHUSDT | +0.0074% | 4h | 0.06467 | −0.068% | $21K | $44K | 10x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06471 | long leg | $195K | $208K | 5x |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06465 | −0.093% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06460 | −0.165% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06470 | −0.009% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06466 | −0.077% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06459 | −0.185% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06467 | −0.062% | $1.6M | $350K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06465 | −0.093% | $2.8M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06464 | −0.108% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06387 | −1.292% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06470 | −0.015% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06469 | −0.031% | $40K | $19K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06462 | −0.132% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0404% | 1h | 0.06476 | +0.077% | $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