Funding arb · Price arb /

PYTH

all PYTH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0317%/8h= −34.7% APRpaid last 24h —

Price spread now: Aster against Reya+0.140%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.140% dearer against Reya than usual: you sell high and buy low (spread +0.140% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PYTHRUSDPERP	0.06314	0.0302	pay 0.0038% / 1h	12m 09s	—	—	20x
Short	Aster PYTHUSDT	0.06323	−0.0014	pay 0.0007% / 4h	12m 09s	$22K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$66.54
Price spread: +0.140% → 0.000%: $14
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$66.54
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Reya 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PYTHUSD	−0.0399%	1h	0.06318	+0.060%	$376K	$264K	25x	as long as short
BloFin PYTH-USDT	−0.0224%	4h	0.06313	−0.022%	$419K	$114K	75x	as long as short
Binance PYTHUSDT	−0.0182%	4h	0.06312	−0.040%	$9.0M	$17.2M	75x	as long as short
MEXC PYTH_USDT	−0.0176%	4h	0.06312	−0.037%	$9.4M	$2.4M	125x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0066%	1h	0.06319	+0.073%	$10K	$10K	10x	as long as short
Aster PYTHUSDTshort	−0.0014%	4h	0.06323	+0.140%	$22K	$44K	10x
dYdX PYTH-USD	0.0000%	1h	0.06325	+0.167%	$188K	$19	5x	as long as short
Bybit PYTHUSDT	+0.0016%	4h	0.06316	+0.026%	$7.5M	$4.8M	50x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−0.861%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0040%	1h	0.06319	+0.070%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PYTH_USDT	+0.0044%	4h	0.06309	−0.085%	$1.1M	$476K	75x	as long as short
Lighter PYTH	+0.0096%	1h	0.06321	+0.105%	$200K	$217K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06307	−0.116%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06320	+0.097%	$1.7M	$1.5M	5x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06315	+0.010%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06321	+0.105%	$1.5M	$314K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06315	+0.010%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06314	−0.006%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06327	+0.193%	$44K	$22K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06315	+0.002%	$3K	$1K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0176%	1h	0.06328	+0.216%	$39K	$6K	25x	as long as short
Reya PYTHRUSDPERPlong	+0.0302%	1h	0.06314	long leg	—	—	20x
Backpack PYTH_USDC_PERP	+0.0538%	1h	0.06318	+0.054%	$36K	$89K	10x	as long as short