Funding you earn now, next payment 02:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.055%
Price spread now: Injective against Lighter−1.309%66s7-day average −0.266% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.208%−$21 on $10k
+Price spread, last 3 days (all we have)+0.941%+$94 · spread now −1.309%, 7d avg −0.266%
=Together, before fees+0.733%+ Points / potential airdropLighter: Season 3 · farm board+$73 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 Injective is 1.042% cheaper against Lighter than usual: you would sell low and buy high (−$104 if the spread goes back to its 7-day average of −0.266%). Swap the legs. The two prices were read 66 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 | 0.06343 | 0.0096 | pay 0.0012% / 1h | 55m 55s | $189K | $204K | 5x |
| Short | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | get 0.0004% / 1h | 55m 55s | $553 | $220K | 5.5x |
Lighter PYTH
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: −1.309% → −0.266%
- −$104.22
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$117.4
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 59 min ago; Injective: 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, 59 min ago | 3.14 bp | 8.6 bp −$9 | 76.9 bp −$769 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0153% | 4h | 0.06382 | +0.615% | $431K | $112K | 75x | as long as short |
| Binance PYTHUSDT | −0.0121% | 4h | 0.06338 | −0.075% | $9.1M | $17.8M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0120% | 4h | 0.06339 | −0.063% | $9.6M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06505 | +2.554% | $40K | $18K | 25x | as long as short |
| Aster PYTHUSDT | −0.0019% | 4h | 0.06348 | +0.077% | $20K | $46K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06345 | +0.030% | $188K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERPshort | +0.0033% | 1h | 0.06260 | −1.309% | $553 | $220K | 5.5x | |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06345 | +0.032% | $23K | — | 3x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06343 | long leg | $189K | $204K | 5x | |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06334 | −0.146% | $3K | — | 10x | as long as short |
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Aevo PYTH-PERP
Paradex PYTH-USD-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06346 | +0.041% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06340 | −0.047% | $7.6M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06339 | −0.063% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06328 | −0.236% | $1.0M | $488K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06347 | +0.063% | $1.5M | $331K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06340 | −0.047% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06342 | −0.016% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06342 | −0.023% | $38K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06341 | −0.035% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06343 | −0.008% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0378% | 1h | 0.06342 | −0.021% | $389K | $291K | 25x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0542% | 1h | 0.06344 | +0.019% | $38K | $93K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1169% | 1h | 0.06350 | +0.110% | $10K | $10K | 10x | as long as short |
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL