Funding you earn now, next payment 21:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.020%
Price spread now: Coinbase International against Paradex+1.108%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Coinbase International is 1.108% dearer against Paradex than usual: you sell high and buy low (spread +1.108% now, against zero (this spread has no 7-day history yet)): +$111 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PYTH-USD-PERP | 0.06361 | 0.0098 | pay 0.0098% / 8h | 2h 55m | $3K | $56 | 10x |
| Short | Coinbase International PYTH-PERP-INTX | 0.06431 | 0.0048 | get 0.0006% / 1h | 55m 24s | $40K | $9K | 25x |
Paradex PYTH-USD-PERP
Coinbase International PYTH-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Paradex. 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
- −$10.58
- Price spread: +1.108% → 0.000%
- $110.76
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $86.18
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Coinbase International: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Paradex no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Paradex and Coinbase International: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0586% | 1h | 0.06350 | −0.166% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0215% | 1h | 0.06371 | +0.157% | $386K | $229K | 25x | as long as short |
| Gate PYTH_USDT | −0.0112% | 4h | 0.06357 | −0.056% | $1.1M | $462K | 75x | as long as short |
| Binance PYTHUSDT | −0.0023% | 4h | 0.06371 | +0.167% | $9.0M | $15.8M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0020% | 4h | 0.06369 | +0.133% | $9.4M | $2.4M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06362 | +0.022% | $189K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0034% | 4h | 0.06363 | +0.039% | $421K | $123K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTXshort | +0.0048% | 1h | 0.06431 | +1.108% | $40K | $9K | 25x | |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06375 | +0.227% | $23K | — | 3x | as long as short |
| Bybit PYTHUSDT | +0.0076% | 4h | 0.06370 | +0.149% | $7.4M | $4.9M | 50x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
BloFin PYTH-USDT
Aevo PYTH-PERP
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06373 | +0.196% | $197K | $203K | 5x | as long as short |
| Paradex PYTH-USD-PERPlong | +0.0098% | 8h | 0.06361 | long leg | $3K | $56 | 10x | |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06377 | +0.259% | $1.7M | $1.4M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06371 | +0.162% | $20K | $26K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06375 | +0.227% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06370 | +0.149% | $1.5M | $319K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06368 | +0.117% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06369 | +0.133% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06358 | −0.041% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06372 | +0.177% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0288% | 1h | 0.06368 | +0.114% | $38K | $88K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06370 | +0.146% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0378% | 1h | 0.06375 | +0.227% | $10K | $10K | 10x | as long as short |
Lighter PYTH
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL