Funding you earn now, next payment 04:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h —
Price spread now: Paradex against Reya−0.128%7-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
=Together, before fees—+ Points / potential airdropReya: Active · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.128% cheaper against Reya than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PYTHRUSDPERP | 0.06300 | 0.0302 | pay 0.0038% / 1h | 48m 18s | — | — | 20x |
| Short | Paradex PYTH-USD-PERP | 0.06292 | 0.0100 | get 0.0100% / 8h | 4h 48m | $3K | — | 10x |
Reya PYTHRUSDPERP
Paradex PYTH-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$42.53
- Price spread: −0.128% → 0.000%
- −$12.84
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$65.36
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Paradex: 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 Paradex no order-book sample | — | — | — | — | — |
Reya and 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0544% | 1h | 0.06296 | −0.062% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0389% | 1h | 0.06308 | +0.128% | $37K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0202% | 4h | 0.06295 | −0.078% | $1.0M | $504K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0018% | 4h | 0.06331 | +0.493% | $351K | $84K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06314 | +0.221% | $187K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0032% | 4h | 0.06313 | +0.214% | $20K | $43K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.634% | $553 | $220K | 5.5x | as long as short |
| Binance PYTHUSDT | +0.0036% | 4h | 0.06300 | +0.001% | $9.0M | $17.9M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0038% | 4h | 0.06298 | −0.031% | $10.0M | $2.5M | 125x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06303 | +0.049% | $22K | — | 3x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Binance PYTHUSDT
MEXC PYTH_USDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06305 | +0.080% | $190K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERPshort | +0.0100% | 8h | 0.06292 | −0.128% | $3K | — | 10x | |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06310 | +0.168% | $2.0M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06303 | +0.049% | $7.5M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06302 | +0.033% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06313 | +0.207% | $1.5M | $344K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06298 | −0.031% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06301 | +0.017% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06323 | +0.365% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06302 | +0.028% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06385 | +1.350% | $40K | $18K | 25x | as long as short |
| Reya PYTHRUSDPERPlong | +0.0302% | 1h | 0.06300 | long leg | — | — | 20x | |
| Kraken Futures PF_PYTHUSD | +0.0415% | 1h | 0.06303 | +0.042% | $384K | $293K | 25x | as long as short |
Lighter PYTH
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD