Funding you earn now, next payment 04:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.024%
Price spread now: MEXC against Paradex−0.160%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.160% cheaper against Paradex than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PYTH-USD-PERP | 0.06460 | 0.0100 | pay 0.0100% / 8h | 4h 28m | $3K | — | 10x |
| Short | MEXC PYTH_USDT | 0.06450 | 0.0062 | get 0.0031% / 4h | 28m 07s | $10.5M | $2.7M | 125x |
Paradex PYTH-USD-PERP
MEXC PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$7.97
- Price spread: −0.160% → 0.000%
- −$15.98
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$27.95
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago | 2.35 bp | 7.2 bp −$7 | 39.5 bp −$395 | 107.5 bp −$10.7K | 218.7 bp −$109.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0369% | 1h | 0.06457 | −0.051% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0218% | 1h | 0.06460 | −0.003% | $38K | $59K | 10x | as long as short |
| Gate PYTH_USDT | −0.0120% | 4h | 0.06452 | −0.129% | $1.1M | $513K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06467 | +0.100% | $192K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.101% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0054% | 4h | 0.06457 | −0.051% | $423K | $81K | 75x | as long as short |
| MEXC PYTH_USDTshort | +0.0062% | 4h | 0.06450 | −0.160% | $10.5M | $2.7M | 125x | |
| Binance PYTHUSDT | +0.0068% | 4h | 0.06449 | −0.173% | $9.2M | $18.2M | 75x | as long as short |
| Aster PYTHUSDT | +0.0074% | 4h | 0.06466 | +0.091% | $21K | $44K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06460 | −0.005% | $194K | $208K | 5x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Binance PYTHUSDT
Aster PYTHUSDT
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06450 | −0.160% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERPlong | +0.0100% | 8h | 0.06460 | long leg | $3K | — | 10x | |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06460 | −0.010% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06455 | −0.082% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06451 | −0.144% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06467 | +0.103% | $1.6M | $350K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06459 | −0.020% | $2.8M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06457 | −0.051% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06387 | −1.129% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06465 | +0.072% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06476 | +0.243% | $40K | $19K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06462 | +0.033% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0406% | 1h | 0.06454 | −0.091% | $394K | $288K | 25x | as long as short |
Aevo PYTH-PERP
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
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD