Funding you earn now, next payment 04:00 UTC−0.0242%/8h= −26.5% APRnext payment −$1.21 per $10,000 · paid last 24h −0.025%
Price spread now: Binance against OKX−0.073%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$650.653% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now −0.073%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.031% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.21 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PYTH-USDT-SWAP | 0.06397 | 0.0100 | pay 0.0050% / 4h | 3h 20m | $2.1M | $3.4M | 50x |
| Short | Binance PYTHUSDT | 0.06392 | −0.0142 | pay 0.0071% / 4h | 3h 20m | $9.2M | $17.5M | 75x |
OKX PYTH-USDT-SWAP
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- −$50.79
- Price spread: −0.073% → −0.043%
- −$3.05
- Slippage, 4 orders
- −$45.26
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$119.11
- Costs to cover
- 0.653%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 5 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 OKX live order book, 2 min ago | 2.35 bp | 21.8 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.56 bp | 14.6 bp −$15 | 45.4 bp −$454 | 312.8 bp −$31.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDT | −0.0169% | 4h | 0.06381 | −0.250% | $425K | $110K | 75x | as long as short |
| Binance PYTHUSDTshort | −0.0142% | 4h | 0.06392 | −0.073% | $9.2M | $17.5M | 75x | |
| MEXC PYTH_USDT | −0.0136% | 4h | 0.06393 | −0.063% | $9.7M | $2.4M | 125x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0136% | 1h | 0.06392 | −0.081% | $393K | $291K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06415 | +0.281% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06400 | +0.046% | $190K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0011% | 4h | 0.06394 | −0.043% | $22K | $44K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.142% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06387 | −0.163% | $23K | — | 3x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0063% | 1h | 0.06393 | −0.063% | $10K | $10K | 10x | as long as short |
BloFin PYTH-USDT
MEXC PYTH_USDT
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Deribit PYTH_USDC-PERPETUALShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06403 | +0.094% | $201K | $199K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06389 | −0.128% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06401 | +0.069% | $1.9M | $1.5M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06399 | +0.031% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAPlong | +0.0100% | 4h | 0.06397 | long leg | $2.1M | $3.4M | 50x | |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06397 | 0.000% | $1.1M | $472K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06401 | +0.063% | $1.5M | $325K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06395 | −0.031% | $2.6M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06396 | −0.016% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06388 | −0.142% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06387 | −0.153% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06394 | −0.050% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0926% | 1h | 0.06393 | −0.058% | $35K | $91K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP