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 −0.018%
Price spread now: Bybit against OKX+0.016%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1021.019% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 7 days−0.040%−$4 · spread now +0.016%, 7d avg +0.002%
Together, before fees−0.098%−$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PYTH-USDT-SWAP0.063480.0100pay 0.0050% / 4h2h 10m$2.1M$3.4M50x
ShortBybit PYTHUSDT0.063490.0100get 0.0050% / 4h2h 10m$7.5M$4.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.016% → +0.002%
$1.37
Slippage, 4 orders
−$80.88
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$100.51
Costs to cover
1.019%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 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 ago2.36 bp14.9 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago1.58 bp33.6 bp −$3494.0 bp −$940doesn'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
MEXC PYTH_USDT−0.0066%4h0.06346−0.032%$9.6M$2.4M125xas long as short
Coinbase International PYTH-PERP-INTX−0.0064%1h0.06369+0.331%$39K$18K25xas long as short
Binance PYTHUSDT−0.0061%4h0.06345−0.053%$9.1M$17.8M75xas long as short
Gate PYTH_USDT−0.0040%4h0.06355+0.110%$1.0M$500K75xas long as short
Aster PYTHUSDT0.0000%4h0.06361+0.208%$20K$46K10xas long as short
dYdX PYTH-USD0.0000%1h0.06356+0.122%$189K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.386%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0064%1h0.06361+0.198%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06358+0.158%$191K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06347−0.009%$3K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PYTH+0.0100%1h0.06364+0.258%$2.0M$1.7M5xas long as short
Bybit PYTHUSDTshort+0.0100%4h0.06349+0.016%$7.5M$4.8M50x
OKX PYTH-USDT-SWAPlong+0.0100%4h0.06348long leg$2.1M$3.4M50x
KuCoin PYTHUSDTM+0.0100%4h0.06357+0.142%$1.5M$341K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06351+0.047%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06358+0.158%$2.8Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06371+0.365%$39K$93K10xas long as short
Variational Omni PYTH+0.0100%4h0.06357+0.140%$38K$26Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06362+0.225%$3K$2K10xas long as short
Deribit PYTH_USDC-PERPETUAL+0.0221%1h0.06374+0.410%$10K$10K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06354+0.101%20xas long as short
Kraken Futures PF_PYTHUSD+0.0376%1h0.06375+0.419%$389K$292K25xas long as short