Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against MEXC+0.096%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.096%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.052% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PYTH_USDT | 0.06259 | 0.0034 | pay 0.0017% / 4h | 1h 51m | $9.1M | $2.3M | 125x |
| Short | Bybit PYTHUSDT | 0.06265 | 0.0056 | get 0.0028% / 4h | 1h 51m | $7.4M | $5.1M | 50x |
MEXC PYTH_USDT
Bybit PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $4.57
- Price spread: +0.096% → +0.044%
- $5.18
- Slippage, 4 orders
- −$50.83
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$52.08
- Costs to cover
- 0.618%
- Break-even
- 86.7 days
Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 1.60 bp | 5.8 bp −$6 | 17.3 bp −$173 | 96.1 bp −$9,613 | 207.6 bp −$103.8K |
| Sell Bybit live order book, 1 min ago | 1.60 bp | 28.0 bp −$28 | 88.4 bp −$884 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | +0.016% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0209% | 1h | 0.06262 | +0.043% | $380K | $253K | 25x | as long as short |
| Gate PYTH_USDT | −0.0044% | 4h | 0.06266 | +0.112% | $1.1M | $477K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06276 | +0.278% | $186K | $19 | 5x | as long as short |
| MEXC PYTH_USDTlong | +0.0034% | 4h | 0.06259 | long leg | $9.1M | $2.3M | 125x | |
| Binance PYTHUSDT | +0.0036% | 4h | 0.06260 | +0.018% | $9.1M | $16.9M | 75x | as long as short |
| Bybit PYTHUSDTshort | +0.0056% | 4h | 0.06265 | +0.096% | $7.4M | $5.1M | 50x | |
| Backpack PYTH_USDC_PERP | +0.0065% | 1h | 0.06269 | +0.158% | $38K | $88K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.748% | $40K | $6K | 25x | as long as short |
| BloFin PYTH-USDT | +0.0082% | 4h | 0.06287 | +0.447% | $419K | $115K | 75x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
dYdX PYTH-USD
Binance PYTHUSDT
Backpack PYTH_USDC_PERP
Coinbase International PYTH-PERP-INTX
BloFin PYTH-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06265 | +0.096% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06270 | +0.176% | $196K | $208K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06262 | +0.053% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06267 | +0.134% | $1.6M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06271 | +0.198% | $19K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06266 | +0.112% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06269 | +0.160% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06265 | +0.096% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06266 | +0.112% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06271 | +0.199% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06270 | +0.173% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06269 | +0.153% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0388% | 1h | 0.06275 | +0.256% | $10K | $10K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL