Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against OKX+0.046%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$640.637% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.046%, 7d avg +0.107%
=Together, before fees+0.012%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.060% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.107%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PYTH-USDT-SWAP | 0.06467 | 0.0100 | pay 0.0050% / 4h | 30m 13s | $2.1M | $3.5M | 50x |
| Short | Lighter PYTH | 0.06470 | 0.0096 | get 0.0012% / 1h | 30m 13s | $195K | $208K | 5x |
OKX PYTH-USDT-SWAP
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.046% → +0.107%
- −$6.03
- Slippage, 4 orders
- −$53.66
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$70.53
- Costs to cover
- 0.637%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Lighter: 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, 2 min ago | 3.91 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 10 min ago | 3.96 bp | 9.4 bp −$9 | 66.3 bp −$663 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0293% | 1h | 0.06477 | +0.159% | $38K | $59K | 10x | as long as short |
| Gate PYTH_USDT | −0.0132% | 4h | 0.06456 | −0.170% | $1.1M | $513K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06453 | −0.219% | $192K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06461 | −0.093% | $10K | $10K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.201% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0044% | 4h | 0.06393 | −1.144% | $427K | $80K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0058% | 4h | 0.06464 | −0.046% | $10.6M | $2.7M | 125x | as long as short |
| Aster PYTHUSDT | +0.0058% | 4h | 0.06449 | −0.284% | $21K | $44K | 10x | as long as short |
| Binance PYTHUSDT | +0.0063% | 4h | 0.06462 | −0.077% | $9.2M | $18.1M | 75x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06470 | +0.046% | $195K | $208K | 5x |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
BloFin PYTH-USDT
MEXC PYTH_USDT
Aster PYTHUSDT
Binance PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06456 | −0.169% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06446 | −0.330% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06481 | +0.215% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06467 | 0.000% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAPlong | +0.0100% | 4h | 0.06467 | long leg | $2.1M | $3.5M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06464 | −0.046% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06472 | +0.077% | $2.8M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06468 | +0.015% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06387 | −1.231% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06454 | −0.204% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06440 | −0.418% | $40K | $19K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06446 | −0.325% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0405% | 1h | 0.06470 | +0.052% | $395K | $288K | 25x | as long as short |
Aevo PYTH-PERP
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
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD