PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.80 per $10,000 · paid last 24h +0.025%

Price spread now: BingX against MEXC+0.032%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.438% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.032%, 7d avg +0.028%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PYTH_USDT	0.06327	−0.0060	get 0.0030% / 4h	2h 08m	$9.6M	$2.4M	125x
Short	BingX PYTH-USDT	0.06329	0.0100	get 0.0050% / 4h	2h 08m	—	$2.8M	—

Funding history

latest

Range statsloading…

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.032%Rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 11 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 4 min ago	1.58 bp	5.7 bp −$6	16.4 bp −$164	93.7 bp −$9,368	208.1 bp −$104.0K
Sell BingX live order book, 11 min ago	3.94 bp	16.3 bp −$16	37.9 bp −$379	210.5 bp −$21.0K	439.1 bp −$219.5K

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
Gate PYTH_USDT	−0.0082%	4h	0.06323	−0.063%	$1.0M	$500K	75x	as long as short
Coinbase International PYTH-PERP-INTX	−0.0064%	1h	0.06369	+0.664%	$39K	$18K	25x	as long as short
Binance PYTHUSDT	−0.0063%	4h	0.06326	−0.019%	$9.1M	$17.8M	75x	as long as short
MEXC PYTH_USDTlong	−0.0060%	4h	0.06327	long leg	$9.6M	$2.4M	125x
Aster PYTHUSDT	−0.0011%	4h	0.06330	+0.043%	$20K	$46K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06339	+0.185%	$188K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.059%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0064%	1h	0.06325	−0.032%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06333	+0.095%	$190K	$206K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06324	−0.045%	$3K	—	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PYTH	+0.0100%	1h	0.06329	+0.025%	$2.0M	$1.7M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06330	+0.047%	$7.5M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06331	+0.063%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06330	+0.047%	$1.5M	$341K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06330	+0.047%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDTshort	+0.0100%	4h	0.06329	+0.032%	—	$2.8M	—
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06329	+0.028%	$38K	$93K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06357	+0.472%	$38K	$26K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06327	−0.003%	$3K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06325	−0.029%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0378%	1h	0.06333	+0.087%	$387K	$292K	25x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0540%	1h	0.06336	+0.142%	$10K	$10K	10x	as long as short