Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.019%
Price spread now: Lighter against MEXC+0.238%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 7 days+0.085%+$8 on $10k
+Price spread, last 4 days (all we have)−0.372%−$37 · spread now +0.238%, 7d avg +0.133%
=Together, before fees−0.287%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.105% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.133%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PYTH_USDT | 0.06300 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $10.7M | $2.8M | 125x |
| Short | Lighter PYTH | 0.06315 | 0.0096 | get 0.0012% / 1h | 39m 57s | $195K | $214K | 5x |
MEXC PYTH_USDT
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.238% → +0.133%
- $10.49
- Slippage, 4 orders
- −$44.5
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$34.85
- Costs to cover
- 0.445%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Lighter: live order book, 40 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, 3 min ago | 1.59 bp | 6.0 bp −$6 | 15.1 bp −$151 | 96.3 bp −$9,633 | 208.4 bp −$104.2K |
| Sell Lighter live order book, 40 min ago | 3.96 bp | 10.3 bp −$10 | 89.2 bp −$892 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0384% | 1h | 0.06307 | +0.111% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | +0.0001% | 1h | 0.06309 | +0.143% | $187K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.635% | $553 | $220K | 5.5x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06315 | +0.238% | $195K | $214K | 5x | |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06301 | +0.010% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06314 | +0.227% | $2.2M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06310 | +0.158% | $21K | $47K | 10x | as long as short |
| Binance PYTHUSDT | +0.0100% | 4h | 0.06304 | +0.063% | $9.1M | $19.9M | 75x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06308 | +0.127% | $7.5M | $5.0M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06307 | +0.111% | $2.1M | $3.5M | 50x | as long as short |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Injective PYTH/USDC PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Binance PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | +0.0100% | 4h | 0.06302 | +0.032% | $1.0M | $509K | 75x | as long as short |
| MEXC PYTH_USDTlong | +0.0100% | 4h | 0.06300 | long leg | $10.7M | $2.8M | 125x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06311 | +0.175% | $1.5M | $371K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06302 | +0.032% | $2.7M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06307 | +0.111% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06315 | +0.243% | $35K | $60K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06302 | +0.031% | $40K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06303 | +0.049% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06304 | +0.070% | $23K | — | 3x | as long as short |
| BloFin PYTH-USDT | +0.0106% | 4h | 0.06312 | +0.190% | $429K | $74K | 75x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06298 | −0.028% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0467% | 1h | 0.06313 | +0.199% | $383K | $300K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0536% | 1h | 0.06427 | +2.016% | $40K | $19K | 25x | as long as short |
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
BloFin PYTH-USDT
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX