Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.025%
Price spread now: MEXC against OKX+0.015%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$500.498% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 7 days−0.073%−$7 · spread now +0.015%, 7d avg −0.042%
=The price spread pays, funding is against you. MEXC is 0.058% dearer against OKX than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.042%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PYTH-USDT-SWAP | 0.06457 | 0.0100 | pay 0.0050% / 4h | 3m 24s | $2.1M | $3.5M | 50x |
| Short | MEXC PYTH_USDT | 0.06458 | 0.0054 | get 0.0027% / 4h | 3m 24s | $10.5M | $2.7M | 125x |
OKX PYTH-USDT-SWAP
MEXC PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$9.66
- Price spread: +0.015% → −0.042%
- $5.76
- Slippage, 4 orders
- −$39.78
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$53.67
- Costs to cover
- 0.498%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 5 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, 4 min ago | 3.88 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.55 bp | 6.0 bp −$6 | 12.5 bp −$125 | 84.2 bp −$8,419 | 200.3 bp −$100.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | −0.0090% | 4h | 0.06450 | −0.108% | $1.1M | $519K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06462 | +0.074% | $192K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06452 | −0.077% | $10K | $10K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.051% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDTshort | +0.0054% | 4h | 0.06458 | +0.015% | $10.5M | $2.7M | 125x | |
| Binance PYTHUSDT | +0.0056% | 4h | 0.06457 | +0.006% | $9.3M | $18.3M | 75x | as long as short |
| Aster PYTHUSDT | +0.0067% | 4h | 0.06464 | +0.105% | $20K | $45K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0075% | 4h | 0.06435 | −0.341% | $433K | $81K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06466 | +0.139% | $193K | $210K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06447 | −0.150% | $23K | — | 3x | as long as short |
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
Binance PYTHUSDT
Aster PYTHUSDT
BloFin PYTH-USDT
Lighter PYTH
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06457 | −0.004% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06468 | +0.177% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06458 | +0.015% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAPlong | +0.0100% | 4h | 0.06457 | long leg | $2.1M | $3.5M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06457 | 0.000% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06459 | +0.031% | $2.8M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06453 | −0.062% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06459 | +0.033% | $37K | $60K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06443 | −0.211% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06457 | −0.002% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06493 | +0.558% | $40K | $19K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06456 | −0.009% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0406% | 1h | 0.06457 | −0.007% | $398K | $294K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD