Funding arb · Price arb /

PYTH

all PYTH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.002%

Price spread now: Aevo against Variational Omni+0.466%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Aevo is 0.466% dearer against Variational Omni than usual: you sell high and buy low (spread +0.466% now, against zero (this spread has no 7-day history yet)): +$47 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PYTH	0.06271	0.0100	pay 0.0050% / 4h	1h 40m	$44K	$22K	—
Short	Aevo PYTH-PERP	0.06300	0.0088	get 0.0011% / 1h	40m 51s	$22K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.466%Rate

Funding earned: −$2.52
Price spread: +0.466% → 0.000%: $46.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $28.04
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Aevo: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Variational Omni and Aevo: 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	−0.174%	$553	$220K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0208%	1h	0.06305	+0.538%	$383K	$252K	25x	as long as short
Bybit PYTHUSDT	−0.0031%	4h	0.06309	+0.607%	$7.4M	$5.1M	50x	as long as short
Gate PYTH_USDT	−0.0020%	4h	0.06302	+0.496%	$1.1M	$478K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06311	+0.644%	$187K	$19	5x	as long as short
MEXC PYTH_USDT	+0.0018%	4h	0.06304	+0.528%	$9.2M	$2.3M	125x	as long as short
Backpack PYTH_USDC_PERP	+0.0020%	1h	0.06311	+0.633%	$38K	$88K	10x	as long as short
Binance PYTHUSDT	+0.0023%	4h	0.06305	+0.540%	$9.1M	$17.0M	75x	as long as short
BloFin PYTH-USDT	+0.0057%	4h	0.06295	+0.384%	$420K	$115K	75x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0067%	1h	0.06313	+0.671%	$10K	$10K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International PYTH-PERP-INTX	+0.0080%	1h	0.06431	+2.553%	$40K	$6K	25x	as long as short
Aevo PYTH-PERPshort	+0.0088%	1h	0.06300	+0.466%	$22K	—	3x
Lighter PYTH	+0.0096%	1h	0.06309	+0.607%	$197K	$208K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06303	+0.512%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06310	+0.623%	$1.7M	$1.5M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06305	+0.545%	$25K	$40K	10x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06307	+0.576%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06308	+0.592%	$1.5M	$315K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06308	+0.592%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06306	+0.560%	—	$2.8M	—	as long as short
Variational Omni PYTHlong	+0.0100%	4h	0.06271	long leg	$44K	$22K	—
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06301	+0.480%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06298	+0.439%	—	—	20x	as long as short