Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.011%
Price spread now: BloFin against MEXC−0.111%94s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.392% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 3 days (all we have)−0.101%−$10 · spread now −0.111%, 7d avg −0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.091% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 94 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 | MEXC PYTH_USDT | 0.06325 | −0.0154 | get 0.0077% / 4h | 27m 40s | $9.5M | $2.4M | 125x |
| Short | BloFin PYTH-USDT | 0.06318 | −0.0160 | pay 0.0080% / 4h | 27m 40s | $421K | $114K | 75x |
MEXC PYTH_USDT
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$1.21
- Price spread: −0.111% → −0.020%
- −$9.07
- Slippage, 4 orders
- −$27.2
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$49.48
- Costs to cover
- 0.392%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 48 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 MEXC live order book, 5 min ago | 1.58 bp | 3.5 bp −$4 | 9.7 bp −$97 | 83.9 bp −$8,390 | 200.6 bp −$100.3K |
| Sell BloFin live order book, 48 min ago | 0.80 bp | 21.6 bp −$22 | 37.8 bp −$378 | 117.8 bp −$11.8K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSD | −0.0398% | 1h | 0.06329 | +0.069% | $377K | $264K | 25x | as long as short |
| BloFin PYTH-USDTshort | −0.0160% | 4h | 0.06318 | −0.111% | $421K | $114K | 75x | |
| Binance PYTHUSDT | −0.0155% | 4h | 0.06324 | −0.017% | $9.0M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDTlong | −0.0154% | 4h | 0.06325 | long leg | $9.5M | $2.4M | 125x | |
| Deribit PYTH_USDC-PERPETUAL | −0.0066% | 1h | 0.06329 | +0.063% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06329 | +0.061% | $188K | $19 | 5x | as long as short |
| Bybit PYTHUSDT | 0.0000% | 4h | 0.06325 | 0.000% | $7.5M | $4.8M | 50x | as long as short |
| Aster PYTHUSDT | +0.0011% | 4h | 0.06332 | +0.105% | $22K | $44K | 10x | as long as short |
| Gate PYTH_USDT | +0.0028% | 4h | 0.06321 | −0.063% | $1.1M | $474K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.028% | $553 | $220K | 5.5x | as long as short |
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Bybit PYTHUSDT
Aster PYTHUSDT
Gate PYTH_USDT
Injective PYTH/USDC PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06325 | 0.000% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06331 | +0.095% | $200K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06320 | −0.072% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06330 | +0.076% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06322 | −0.047% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06333 | +0.126% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06327 | +0.032% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06325 | 0.000% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06331 | +0.099% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06321 | −0.066% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06328 | +0.047% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06322 | −0.051% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0537% | 1h | 0.06332 | +0.112% | $36K | $89K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
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
Backpack PYTH_USDC_PERP