PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.023%

Price spread now: Orderly against MEXC−0.158%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.158% cheaper against MEXC than usual: you would sell low and buy high (spread −0.158% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PYTH_USDT	0.06464	0.0058	pay 0.0029% / 4h	30m 08s	$10.6M	$2.7M	125x
Short	Orderly PERP_PYTH_USDC_mythos	0.06454	0.0100	get 0.0050% / 4h	30m 08s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee OrderlybpOrdersPrice spread, now −0.158%Rate

Funding earned: $8.82
Price spread: −0.158% → 0.000%: −$15.78
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.96
Costs to cover: 0.060%
Break-even: 17.3 days

Slippage unknown: MEXC: live order book, 3 min ago; Orderly: 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 MEXC live order book, 3 min ago	2.35 bp	6.0 bp −$6	12.3 bp −$123	82.3 bp −$8,229	202.0 bp −$101.0K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Backpack PYTH_USDC_PERP	−0.0293%	1h	0.06477	+0.206%	$38K	$59K	10x	as long as short
Gate PYTH_USDT	−0.0132%	4h	0.06456	−0.124%	$1.1M	$513K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06453	−0.173%	$192K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06461	−0.046%	$10K	$10K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−3.156%	$553	$220K	5.5x	as long as short
BloFin PYTH-USDT	+0.0044%	4h	0.06393	−1.098%	$427K	$80K	75x	as long as short
MEXC PYTH_USDTlong	+0.0058%	4h	0.06464	long leg	$10.6M	$2.7M	125x
Aster PYTHUSDT	+0.0058%	4h	0.06449	−0.238%	$21K	$44K	10x	as long as short
Binance PYTHUSDT	+0.0063%	4h	0.06462	−0.031%	$9.2M	$18.1M	75x	as long as short
Lighter PYTH	+0.0096%	1h	0.06470	+0.093%	$195K	$208K	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PYTH-PERP	+0.0096%	1h	0.06456	−0.122%	$23K	—	3x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06446	−0.283%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06481	+0.261%	$2.3M	$1.8M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06467	+0.046%	$7.7M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06467	+0.046%	$2.1M	$3.5M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06464	0.000%	$1.5M	$346K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06472	+0.124%	$2.8M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06468	+0.062%	—	$2.7M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06387	−1.185%	$39K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythosshort	+0.0100%	4h	0.06454	−0.158%	$2K	$2K	10x
Coinbase International PYTH-PERP-INTX	+0.0104%	1h	0.06440	−0.371%	$40K	$19K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06446	−0.279%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0405%	1h	0.06470	+0.098%	$395K	$288K	25x	as long as short