Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0202%/8h= −22.2% APRpaid last 24h
Price spread now: Gate against Reya−0.020%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 daysno history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya PYTHRUSDPERP0.063840.0302pay 0.0038% / 1h21m 09s20x
ShortGate PYTH_USDT0.063830.0100get 0.0050% / 4h3h 21m$1.1M$472K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$42.51
Price spread: −0.020% → 0.000%
−$2
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$65.51
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Gate live order book, 1 min ago3.91 bp31.4 bp −$31doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PYTH-USDT−0.0169%4h0.06381−0.051%$425K$110K75xas long as short
Binance PYTHUSDT−0.0137%4h0.06382−0.042%$9.2M$17.5M75xas long as short
Kraken Futures PF_PYTHUSD−0.0136%1h0.06392+0.119%$393K$291K25xas long as short
MEXC PYTH_USDT−0.0130%4h0.06381−0.051%$9.7M$2.4M125xas long as short
Coinbase International PYTH-PERP-INTX−0.0064%1h0.06415+0.481%$40K$18K25xas long as short
dYdX PYTH-USD0.0000%1h0.06400+0.242%$190K$195xas long as short
Aster PYTHUSDT+0.0011%4h0.06389+0.078%$22K$44K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.947%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0048%1h0.06387+0.036%$23K3xas long as short
Deribit PYTH_USDC-PERPETUAL+0.0063%1h0.06393+0.137%$10K$10K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter PYTH+0.0096%1h0.06396+0.184%$201K$199K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06379−0.078%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06393+0.138%$1.9M$1.5M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06385+0.011%$7.6M$4.8M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06383−0.020%$2.1M$3.4M50xas long as short
Gate PYTH_USDTshort+0.0100%4h0.06383−0.020%$1.1M$472K75x
KuCoin PYTHUSDTM+0.0100%4h0.06396+0.184%$1.5M$325K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06393+0.137%$2.6M$2.1M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06386+0.027%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06388+0.057%$39K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06387+0.046%$3K$2K10xas long as short
Reya PYTHRUSDPERPlong+0.0302%1h0.06384long leg20x
Backpack PYTH_USDC_PERP+0.0926%1h0.06393+0.141%$35K$91K10xas long as short