Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against OKX0.000%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$700.697% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.021%−$2 · spread now 0.000%, 7d avg −0.014%
Together, before fees−0.020%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PYTH-USDT-SWAP0.063280.0100pay 0.0050% / 4h35m 24s$2.1M$3.4M50x
ShortBingX PYTH-USDT0.063280.0100get 0.0050% / 4h35m 24s$2.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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

Funding earned
$0
Price spread: 0.000% → −0.014%
$1.43
Slippage, 4 orders
−$49.72
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$68.29
Costs to cover
0.697%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; BingX: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago1.58 bp16.5 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 14 min ago3.93 bp19.2 bp −$1941.0 bp −$410262.3 bp −$26.2K469.3 bp −$234.7K

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PYTHUSD−0.0398%1h0.06332+0.062%$377K$264K25xas long as short
Binance PYTHUSDT−0.0126%4h0.06325−0.043%$9.0M$17.1M75xas long as short
MEXC PYTH_USDT−0.0118%4h0.06322−0.095%$9.5M$2.3M125xas long as short
BloFin PYTH-USDT−0.0114%4h0.06324−0.063%$422K$115K75xas long as short
dYdX PYTH-USD0.0000%1h0.06335+0.109%$188K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06332+0.063%$10K$10K10xas long as short
Bybit PYTHUSDT+0.0014%4h0.063280.000%$7.5M$4.8M50xas long as short
Gate PYTH_USDT+0.0032%4h0.06322−0.095%$1.1M$474K75xas long as short
Aster PYTHUSDT+0.0033%4h0.06337+0.141%$22K$44K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.075%$553$220K5.5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0048%1h0.06329+0.017%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06334+0.095%$200K$217K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06321−0.115%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06332+0.070%$1.7M$1.5M5xas long as short
OKX PYTH-USDT-SWAPlong+0.0100%4h0.06328long leg$2.1M$3.4M50x
KuCoin PYTHUSDTM+0.0100%4h0.06332+0.063%$1.5M$313K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06325−0.047%$2.6M$2.0M75xas long as short
BingX PYTH-USDTshort+0.0100%4h0.063280.000%$2.8M
Variational Omni PYTH+0.0100%4h0.06327−0.011%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06328−0.003%$3K$1K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0176%1h0.063280.000%$39K$6K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06324−0.055%20xas long as short
Backpack PYTH_USDC_PERP+0.0510%1h0.063280.000%$36K$89K10xas long as short