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

PYTH

all PYTH markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0202%/8h= −22.2% APRpaid last 24h
Price spread now: KuCoin against Reya+0.067%49s7-day average · you sell dearer than you buy
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 pays, funding is against you. KuCoin is 0.067% dearer against Reya than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya PYTHRUSDPERP0.063340.0302pay 0.0038% / 1h27m 41s20x
ShortKuCoin PYTHUSDTM0.063380.0100get 0.0050% / 4h2h 27m$1.5M$304K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.067% → 0.000%
$6.67
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$53.85
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago14.20 bp123.3 bp −$123603.0 bp −$6,030doesn'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
Injective PYTH/USDC PERP−0.0586%1h0.06350+0.256%$561$180K5.5xas long as short
Kraken Futures PF_PYTHUSD−0.0216%1h0.06338+0.074%$384K$240K25xas long as short
Gate PYTH_USDT−0.0068%4h0.06332−0.028%$1.1M$465K75xas long as short
BloFin PYTH-USDT−0.0035%4h0.06325−0.139%$424K$117K75xas long as short
Bybit PYTHUSDT−0.0010%4h0.06336+0.035%$7.4M$4.9M50xas long as short
MEXC PYTH_USDT−0.0006%4h0.06334+0.003%$9.4M$2.4M125xas long as short
Binance PYTHUSDT−0.0004%4h0.06333−0.006%$9.1M$15.9M75xas long as short
dYdX PYTH-USD0.0000%1h0.06340+0.093%$188K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06341+0.114%$10K$10K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0048%1h0.06431+1.535%$40K$6K25xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0080%1h0.06332−0.028%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06344+0.161%$196K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06334+0.008%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06340+0.101%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06337+0.051%$20K$24K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06337+0.051%$2.1M$3.3M50xas long as short
KuCoin PYTHUSDTMshort+0.0100%4h0.06338+0.067%$1.5M$304K50x
Bitget PYTHUSDT+0.0100%4h0.06335+0.019%$2.6M$1.9M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06335+0.019%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06335+0.023%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06335+0.018%$3K$1K10xas long as short
Backpack PYTH_USDC_PERP+0.0204%1h0.06341+0.116%$38K$87K10xas long as short
Reya PYTHRUSDPERPlong+0.0302%1h0.06334long leg20x