Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0034%/8h= −3.7% APRnext payment $0.17 per $10,000 · paid last 24h −0.007%
Price spread now: Aster against Orderly+0.137%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.137% dearer against Orderly than usual: you sell high and buy low (spread +0.137% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_PYTH_USDC_mythos0.064410.0100pay 0.0050% / 4h5m 19s$2K$2K10x
ShortAster PYTHUSDT0.064490.0066get 0.0033% / 4h5m 19s$20K$45K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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
−$7.08
Price spread: +0.137% → 0.000%
$13.68
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Aster: 4 bp × 2 orders
−$8
Net
−$7.39
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Aster no order-book sample
Orderly and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PYTH on 23 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
Gate PYTH_USDT−0.0092%4h0.06434−0.101%$1.1M$519K75xas long as short
Deribit PYTH_USDC-PERPETUAL−0.0060%1h0.06449+0.132%$10K$10K10xas long as short
dYdX PYTH-USD0.0000%1h0.06456+0.236%$192K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−2.803%$553$220K5.5xas long as short
Binance PYTHUSDT+0.0058%4h0.06439−0.023%$9.2M$18.3M75xas long as short
MEXC PYTH_USDT+0.0062%4h0.06438−0.039%$10.5M$2.7M125xas long as short
Aster PYTHUSDTshort+0.0066%4h0.06449+0.137%$20K$45K10x
Lighter PYTH+0.0096%1h0.06449+0.132%$193K$210K5xas long as short
Aevo PYTH-PERP+0.0096%1h0.06437−0.048%$23K3xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06434−0.106%$3K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PYTH+0.0100%1h0.06448+0.116%$2.3M$1.8M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06440−0.008%$7.6M$4.8M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06438−0.039%$2.1M$3.5M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06449+0.132%$1.5M$351K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06441+0.008%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06440−0.008%$2.7Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06450+0.151%$37K$60K10xas long as short
Variational Omni PYTH+0.0100%4h0.06443+0.045%$39K$25Kas long as short
Orderly PERP_PYTH_USDC_mythoslong+0.0100%4h0.06441long leg$2K$2K10x
BloFin PYTH-USDT+0.0102%4h0.06456+0.241%$431K$81K75xas long as short
Coinbase International PYTH-PERP-INTX+0.0104%1h0.06493+0.815%$40K$19K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06436−0.074%20xas long as short
Kraken Futures PF_PYTHUSD+0.0406%1h0.06450+0.144%$398K$294K25xas long as short