Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Paradex against Lighter−0.025%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 · Paradex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.025% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06427 | 0.0096 | pay 0.0012% / 1h | 16m 30s | $202K | $199K | 5x |
| Short | Paradex PYTH-USD-PERP | 0.06425 | 0.0100 | get 0.0100% / 8h | 7h 16m | $3K | — | 10x |
Lighter PYTH
Paradex PYTH-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $0.8
- Price spread: −0.025% → 0.000%
- −$2.48
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$5.67
- Costs to cover
- 0.040%
- Break-even
- 56.5 days
Slippage unknown: Lighter: live order book, 39 min ago; Paradex: 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, 39 min ago | 3.14 bp | 8.6 bp −$9 | 76.9 bp −$769 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PYTHUSDT | −0.0139% | 4h | 0.06423 | −0.062% | $9.3M | $17.5M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0138% | 4h | 0.06423 | −0.062% | $9.8M | $2.4M | 125x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0135% | 1h | 0.06408 | −0.290% | $394K | $291K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0094% | 4h | 0.06399 | −0.436% | $429K | $110K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06415 | −0.187% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06424 | −0.047% | $191K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0010% | 4h | 0.06414 | −0.195% | $22K | $44K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.598% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06405 | −0.342% | $23K | — | 3x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0062% | 1h | 0.06413 | −0.218% | $10K | $10K | 10x | as long as short |
Binance PYTHUSDT
MEXC PYTH_USDT
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Deribit PYTH_USDC-PERPETUALShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTHlong | +0.0096% | 1h | 0.06427 | long leg | $202K | $199K | 5x | |
| Paradex PYTH-USD-PERPshort | +0.0100% | 8h | 0.06425 | −0.025% | $3K | — | 10x | |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06427 | −0.002% | $1.9M | $1.5M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06428 | +0.016% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06424 | −0.047% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06414 | −0.202% | $1.1M | $473K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06426 | −0.016% | $1.5M | $325K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06425 | −0.031% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06424 | −0.047% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06388 | −0.608% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06400 | −0.423% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06402 | −0.393% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0926% | 1h | 0.06419 | −0.129% | $36K | $91K | 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
Backpack PYTH_USDC_PERP