Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%
Price spread now: dYdX against OKX+0.419%50s7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1321.317% of the position
Funding, last 7 days−0.203%−$20 on $10k
+Price spread, last 4 days (all we have)−0.338%−$34 · spread now +0.419%, 7d avg +0.096%
=The price spread pays, funding is against you. dYdX is 0.324% dearer against OKX than usual: you sell high and buy low (spread +0.419% now, against its 7-day average of +0.096%): +$32 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PYTH-USDT-SWAP | 0.06372 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $2.1M | $3.4M | 50x |
| Short | dYdX PYTH-USD | 0.06399 | 0 | get 0.0000% / 1h | 15m 55s | $190K | $19 | 5x |
OKX PYTH-USDT-SWAP
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: +0.419% → +0.096%
- $32.37
- Slippage, 4 orders
- −$111.75
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$120.38
- Costs to cover
- 1.317%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; dYdX: live order book, 48 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, 1 min ago | 2.35 bp | 18.3 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 48 min ago | 38.40 bp | 49.6 bp −$50 | 122.0 bp −$1,220 | 163.4 bp −$16.3K | 453.8 bp −$226.9K |
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 | −0.0343% | 1h | 0.06386 | +0.224% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0196% | 4h | 0.06380 | +0.126% | $1.0M | $503K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0032% | 4h | 0.06377 | +0.078% | $354K | $87K | 75x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06399 | +0.419% | $190K | $19 | 5x | |
| MEXC PYTH_USDT | +0.0002% | 4h | 0.06377 | +0.078% | $9.5M | $2.5M | 125x | as long as short |
| Binance PYTHUSDT | +0.0008% | 4h | 0.06377 | +0.078% | $9.1M | $17.8M | 75x | as long as short |
| Aster PYTHUSDT | +0.0027% | 4h | 0.06388 | +0.256% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.758% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06387 | +0.242% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06389 | +0.267% | $192K | $204K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06388 | +0.250% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06386 | +0.220% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06385 | +0.204% | $7.6M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAPlong | +0.0100% | 4h | 0.06372 | long leg | $2.1M | $3.4M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06388 | +0.251% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06365 | −0.110% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06384 | +0.188% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06392 | +0.310% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06388 | +0.248% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06395 | +0.361% | $40K | $18K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0219% | 1h | 0.06394 | +0.345% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0300% | 1h | 0.06391 | +0.299% | $390K | $291K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06388 | +0.246% | — | — | 20x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP