Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Paradex+0.199%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
=Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.199% dearer against Paradex than usual: you sell high and buy low, +$20 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PYTH-USD-PERP | 0.06366 | 0.0100 | pay 0.0100% / 8h | 5h 15m | $3K | — | 10x |
| Short | Lighter PYTH | 0.06379 | 0.0096 | get 0.0012% / 1h | 15m 42s | $192K | $204K | 5x |
Paradex PYTH-USD-PERP
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.82
- Price spread: +0.199% → 0.000%
- $19.91
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $15.09
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 29 min ago. 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 Lighter live order book, 29 min ago | 3.95 bp | 11.5 bp −$11 | 78.4 bp −$784 | doesn't fit | doesn't fit |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0343% | 1h | 0.06386 | +0.314% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0196% | 4h | 0.06380 | +0.215% | $1.0M | $503K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0032% | 4h | 0.06377 | +0.168% | $354K | $87K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06372 | +0.085% | $189K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0006% | 4h | 0.06365 | −0.021% | $9.5M | $2.5M | 125x | as long as short |
| Binance PYTHUSDT | +0.0010% | 4h | 0.06367 | +0.011% | $9.1M | $17.8M | 75x | as long as short |
| Aster PYTHUSDT | +0.0025% | 4h | 0.06387 | +0.328% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.670% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06387 | +0.331% | $23K | — | 3x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06379 | +0.199% | $192K | $204K | 5x |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERPlong | +0.0100% | 8h | 0.06366 | long leg | $3K | — | 10x | |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06378 | +0.185% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06370 | +0.058% | $7.6M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06369 | +0.042% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06377 | +0.168% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06367 | +0.011% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06371 | +0.073% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06392 | +0.399% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06388 | +0.337% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06395 | +0.450% | $40K | $18K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0219% | 1h | 0.06394 | +0.435% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0300% | 1h | 0.06391 | +0.389% | $390K | $291K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06388 | +0.335% | — | — | 20x | as long as short |
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP