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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX−0.047%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$700.701% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 7 days−0.060%−$6 · spread now −0.047%, 7d avg −0.028%
Together, before fees−0.063%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PYTH-USDT-SWAP0.063570.0100pay 0.0050% / 4h2h 11m$2.1M$3.4M50x
ShortBitget PYTHUSDT0.063540.0100get 0.0050% / 4h2h 11m$2.7M$2.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.047% → −0.028%
−$1.93
Slippage, 4 orders
−$48.07
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$71.99
Costs to cover
0.701%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago2.36 bp14.9 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago3.14 bp20.1 bp −$2048.7 bp −$487doesn't fitdoesn't fit

PYTH on 22 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
Binance PYTHUSDT−0.0066%4h0.06353−0.064%$9.1M$17.8M75xas long as short
MEXC PYTH_USDT−0.0066%4h0.06355−0.031%$9.6M$2.4M125xas long as short
Coinbase International PYTH-PERP-INTX−0.0064%1h0.06369+0.189%$39K$18K25xas long as short
Gate PYTH_USDT−0.0040%4h0.06349−0.126%$1.0M$499K75xas long as short
Aster PYTHUSDT−0.0004%4h0.06357+0.003%$20K$46K10xas long as short
dYdX PYTH-USD0.0000%1h0.06360+0.045%$189K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.526%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0064%1h0.06361+0.064%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06363+0.094%$191K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06352−0.072%$3K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PYTH+0.0100%1h0.06366+0.137%$2.0M$1.7M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.063570.000%$7.6M$4.8M50xas long as short
OKX PYTH-USDT-SWAPlong+0.0100%4h0.06357long leg$2.1M$3.4M50x
KuCoin PYTHUSDTM+0.0100%4h0.06362+0.079%$1.5M$341K50xas long as short
Bitget PYTHUSDTshort+0.0100%4h0.06354−0.047%$2.7M$2.2M75x
BingX PYTH-USDT+0.0100%4h0.063570.000%$2.8Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06367+0.157%$39K$93K10xas long as short
Variational Omni PYTH+0.0100%4h0.06347−0.152%$38K$26Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06361+0.069%$3K$2K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06354−0.052%20xas long as short
Kraken Futures PF_PYTHUSD+0.0376%1h0.06367+0.157%$389K$292K25xas long as short
Deribit PYTH_USDC-PERPETUAL+0.0378%1h0.06374+0.267%$10K$10K10xas long as short