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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0372%/8h= +40.7% APRpaid last 24h +0.007%
Price spread now: Coinbase International against Variational Omni+1.697%7-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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 1.697% dearer against Variational Omni than usual: you sell high and buy low: +$170 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PYTH0.063200.0100pay 0.0050% / 4h43m 36s$40K$27K
ShortCoinbase International PYTH-PERP-INTX0.064270.0472get 0.0059% / 1h43m 36s$40K$19K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$78.12
Price spread: +1.697% → 0.000%
$169.68
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$237.8
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell Coinbase International no order-book sample
Variational Omni and Coinbase International: 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
dYdX PYTH-USD0.0000%1h0.06317−0.048%$188K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06322+0.035%$10K$10K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−0.946%$553$220K5.5xas long as short
Binance PYTHUSDT+0.0070%4h0.06316−0.060%$8.9M$19.5M75xas long as short
MEXC PYTH_USDT+0.0070%4h0.06317−0.044%$10.7M$2.8M125xas long as short
Lighter PYTH+0.0096%1h0.06325+0.083%$195K$221K5xas long as short
Aevo PYTH-PERP+0.0096%1h0.06316−0.060%$23K3xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06315−0.082%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06321+0.018%$2.2M$1.9M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06314−0.098%$21K$46K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PYTHUSDT+0.0100%4h0.06315−0.075%$7.5M$4.9M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06314−0.091%$2.1M$3.5M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06311−0.139%$1.0M$536K75xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06315−0.075%$1.5M$371K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06322+0.035%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06317−0.044%$2.8Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06319−0.014%$35K$66K10xas long as short
Variational Omni PYTHlong+0.0100%4h0.06320long leg$40K$27K
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06315−0.083%$2K$2K10xas long as short
BloFin PYTH-USDT+0.0121%4h0.06307−0.202%$423K$72K75xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06311−0.136%20xas long as short
Kraken Futures PF_PYTHUSD+0.0451%1h0.06320+0.006%$383K$309K25xas long as short
Coinbase International PYTH-PERP-INTXshort+0.0472%1h0.06427+1.697%$40K$19K25x