PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: KuCoin against Lighter−0.063%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$2092.087% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.063%, 7d avg −0.049%

Together, before fees−0.005%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PYTH	0.06363	0.0096	pay 0.0012% / 1h	40m 29s	$201K	$198K	5x
Short	KuCoin PYTHUSDTM	0.06359	0.0100	get 0.0050% / 4h	3h 40m	$1.5M	$325K	50x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

click an exchange to add or hide it

latest

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

Position, each leg$Hold fordaysFee LighterbpFee KuCoinbpOrdersPrice spread, now −0.063%Rate

Slippage from Lighter: live order book, 15 min ago; KuCoin: live order book, 5 min ago.

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, 15 min ago	3.14 bp	8.6 bp −$9	76.9 bp −$769	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	12.58 bp	70.0 bp −$70	627.6 bp −$6,276	doesn't fit	doesn't fit

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
MEXC PYTH_USDT	−0.0168%	4h	0.06355	−0.126%	$9.7M	$2.4M	125x	as long as short
Binance PYTHUSDT	−0.0163%	4h	0.06358	−0.082%	$9.2M	$17.6M	75x	as long as short
BloFin PYTH-USDT	−0.0153%	4h	0.06355	−0.126%	$426K	$112K	75x	as long as short
Kraken Futures PF_PYTHUSD	−0.0136%	1h	0.06361	−0.024%	$390K	$289K	25x	as long as short
Coinbase International PYTH-PERP-INTX	−0.0064%	1h	0.06368	+0.079%	$40K	$18K	25x	as long as short
Aster PYTHUSDT	−0.0006%	4h	0.06352	−0.168%	$22K	$44K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06354	−0.141%	$189K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06362	−0.016%	$10K	$10K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.619%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0040%	1h	0.06355	−0.126%	$23K	—	3x	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	0.06363	long leg	$201K	$198K	5x
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06357	−0.087%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06363	+0.005%	$1.9M	$1.6M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06361	−0.031%	$7.6M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06362	−0.016%	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06348	−0.236%	$1.1M	$468K	75x	as long as short
KuCoin PYTHUSDTMshort	+0.0100%	4h	0.06359	−0.063%	$1.5M	$325K	50x
Bitget PYTHUSDT	+0.0100%	4h	0.06360	−0.047%	$2.6M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06359	−0.063%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06358	−0.086%	$38K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06351	−0.196%	$3K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06356	−0.106%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0895%	1h	0.06361	−0.028%	$35K	$92K	10x	as long as short