Funding you earn now, next payment 23:00 UTC−0.0295%/8h= −32.3% APRpaid last 24h —
Price spread now: BloFin against Reya−0.282%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.282% cheaper against Reya than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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 | Reya PYTHRUSDPERP | 0.06297 | 0.0302 | pay 0.0038% / 1h | 42m 05s | — | — | 20x |
| Short | BloFin PYTH-USDT | 0.06279 | 0.0007 | get 0.0004% / 4h | 1h 42m | $423K | $115K | 75x |
Reya PYTHRUSDPERP
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Reya. 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
- −$62.03
- Price spread: −0.282% → 0.000%
- −$28.21
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$108.24
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; BloFin: live order book, 38 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 Reya no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 38 min ago | 0.79 bp | 9.8 bp −$10 | 24.7 bp −$247 | doesn't fit | doesn't fit |
Reya: 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 | −0.0428% | 1h | 0.06260 | −0.584% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06302 | +0.088% | $383K | $252K | 25x | as long as short |
| Gate PYTH_USDT | −0.0028% | 4h | 0.06292 | −0.076% | $1.1M | $478K | 75x | as long as short |
| Bybit PYTHUSDT | −0.0018% | 4h | 0.06301 | +0.067% | $7.4M | $5.1M | 50x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0011% | 1h | 0.06304 | +0.121% | $38K | $88K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06299 | +0.040% | $187K | $19 | 5x | as long as short |
| BloFin PYTH-USDTshort | +0.0007% | 4h | 0.06279 | −0.282% | $423K | $115K | 75x | |
| MEXC PYTH_USDT | +0.0018% | 4h | 0.06297 | +0.004% | $9.2M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | +0.0020% | 4h | 0.06296 | −0.012% | $9.1M | $17.0M | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.132% | $40K | $6K | 25x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
Bybit PYTHUSDT
Backpack PYTH_USDC_PERP
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06296 | −0.006% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06305 | +0.131% | $197K | $208K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06295 | −0.034% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06302 | +0.090% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06294 | −0.043% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06298 | +0.020% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06299 | +0.036% | $1.5M | $316K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06299 | +0.036% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06295 | −0.028% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06271 | −0.411% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06297 | +0.004% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERPlong | +0.0302% | 1h | 0.06297 | long leg | — | — | 20x | |
| Deribit PYTH_USDC-PERPETUAL | +0.0385% | 1h | 0.06305 | +0.131% | $10K | $10K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Deribit PYTH_USDC-PERPETUAL