Funding you earn now, next payment 00:00 UTC−0.0497%/8h= −54.4% APRpaid last 24h +0.037%
Price spread now: Kraken Futures against OKX+0.199%45s7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as 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−$800.803% of the position
Funding, last 7 days+0.458%+$46 on $10k
+Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.199%, 7d avg +0.144%
=The price spread pays, funding is against you. Kraken Futures is 0.055% dearer against OKX than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.144%): +$5 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.458%, so the current rate has only just turned against you. The two prices were read 45 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 | 0.06346 | 0.0100 | pay 0.0050% / 4h | 2m 35s | $2.1M | $3.4M | 50x |
| Short | Kraken Futures PF_PYTHUSD | 0.06359 | −0.0397 | pay 0.0050% / 1h | 2m 35s | $388K | $276K | 25x |
OKX PYTH-USDT-SWAP
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$104.3
- Price spread: +0.199% → +0.144%
- $5.48
- Slippage, 4 orders
- −$60.33
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$179.15
- Costs to cover
- 0.803%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 10 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, 5 min ago | 3.17 bp | 16.4 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 10 min ago | 7.12 bp | 25.7 bp −$26 | 142.3 bp −$1,423 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSDshort | −0.0397% | 1h | 0.06359 | +0.199% | $388K | $276K | 25x | |
| MEXC PYTH_USDT | −0.0194% | 4h | 0.06346 | 0.000% | $9.5M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0191% | 4h | 0.06344 | −0.024% | $9.1M | $17.3M | 75x | as long as short |
| BloFin PYTH-USDT | −0.0137% | 4h | 0.06348 | +0.032% | $422K | $115K | 75x | as long as short |
| Aster PYTHUSDT | −0.0017% | 4h | 0.06356 | +0.154% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06358 | +0.190% | $189K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06361 | +0.236% | $10K | $10K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06355 | +0.142% | $23K | — | 3x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.355% | $553 | $220K | 5.5x | as long as short |
| Bybit PYTHUSDT | +0.0048% | 4h | 0.06345 | −0.016% | $7.5M | $4.8M | 50x | as long as short |
MEXC PYTH_USDT
Binance PYTHUSDT
BloFin PYTH-USDT
Aster PYTHUSDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aevo PYTH-PERP
Injective PYTH/USDC PERP
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | +0.0054% | 4h | 0.06349 | +0.047% | $1.1M | $479K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06359 | +0.205% | $202K | $218K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06343 | −0.046% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06362 | +0.255% | $1.9M | $1.6M | 5x | as long as short |
| OKX PYTH-USDT-SWAPlong | +0.0100% | 4h | 0.06346 | long leg | $2.1M | $3.4M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06356 | +0.158% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06352 | +0.095% | $2.6M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06345 | −0.016% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06312 | −0.541% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06349 | +0.055% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06336 | −0.158% | $38K | $13K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06353 | +0.108% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0513% | 1h | 0.06361 | +0.232% | $35K | $90K | 10x | as long as short |
Gate PYTH_USDT
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP