Funding arb · Price arb /

PYTH

all PYTH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: OKX against Paradex+0.162%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on OKX

What this pair did over the last

the charts below follow

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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.162% dearer against Paradex than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PYTH-USD-PERP	0.06306	0.0100	pay 0.0100% / 8h	44m 51s	$3K	—	10x
Short	OKX PYTH-USDT-SWAP	0.06316	0.0100	get 0.0050% / 4h	44m 51s	$2.1M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Paradex. 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

Position, each leg$Hold fordaysFee ParadexbpFee OKXbpOrdersPrice spread, now +0.162%Rate

Funding earned: $0
Price spread: +0.162% → 0.000%: $16.22
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: $2.22
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	1.58 bp	20.3 bp −$20	162.5 bp −$1,625	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
dYdX PYTH-USD	0.0000%	1h	0.06317	+0.174%	$188K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−0.726%	$553	$220K	5.5x	as long as short
MEXC PYTH_USDT	+0.0072%	4h	0.06316	+0.162%	$10.7M	$2.8M	125x	as long as short
Binance PYTHUSDT	+0.0073%	4h	0.06314	+0.123%	$8.9M	$19.5M	75x	as long as short
Lighter PYTH	+0.0096%	1h	0.06322	+0.257%	$195K	$221K	5x	as long as short
Aevo PYTH-PERP	+0.0096%	1h	0.06315	+0.146%	$23K	—	3x	as long as short
Paradex PYTH-USD-PERPlong	+0.0100%	8h	0.06306	long leg	$3K	—	10x
Hyperliquid PYTH	+0.0100%	1h	0.06320	+0.222%	$2.2M	$1.9M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06315	+0.143%	$21K	$46K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06316	+0.162%	$7.5M	$4.9M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PYTH-USDT-SWAPshort	+0.0100%	4h	0.06316	+0.162%	$2.1M	$3.6M	50x
Gate PYTH_USDT	+0.0100%	4h	0.06310	+0.067%	$1.0M	$536K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06319	+0.210%	$1.5M	$371K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06315	+0.146%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06318	+0.194%	—	$2.8M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06323	+0.280%	$35K	$66K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06320	+0.222%	$40K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06314	+0.129%	$2K	$2K	10x	as long as short
BloFin PYTH-USDT	+0.0121%	4h	0.06307	+0.020%	$423K	$72K	75x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0225%	1h	0.06324	+0.289%	$10K	$10K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06309	+0.058%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0452%	1h	0.06316	+0.168%	$383K	$309K	25x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0472%	1h	0.06427	+1.923%	$40K	$19K	25x	as long as short