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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Orderly against Variational Omni−0.285%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 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.285% cheaper against Variational Omni than usual: you would sell low and buy high, −$29 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PYTH0.063500.0100pay 0.0050% / 4h3h 08m$38K$25K
ShortOrderly PERP_PYTH_USDC_mythos0.063320.0100get 0.0050% / 4h3h 08m$2K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$0
Price spread: −0.285% → 0.000%
−$28.54
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$34.54
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Orderly: 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 Orderly no order-book sample
Variational Omni and Orderly: 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
Deribit PYTH_USDC-PERPETUAL−0.0224%1h0.06328−0.352%$10K$10K10xas long as short
Backpack PYTH_USDC_PERP−0.0105%1h0.06338−0.194%$38K$63K10xas long as short
Gate PYTH_USDT−0.0038%4h0.06326−0.383%$1.0M$518K75xas long as short
dYdX PYTH-USD0.0000%1h0.06350−0.008%$189K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.422%$553$220K5.5xas long as short
MEXC PYTH_USDT+0.0036%4h0.06335−0.241%$10.7M$2.9M125xas long as short
Binance PYTHUSDT+0.0036%4h0.06336−0.226%$9.1M$18.4M75xas long as short
BloFin PYTH-USDT+0.0037%4h0.06340−0.163%$426K$77K75xas long as short
Aevo PYTH-PERP+0.0088%1h0.06330−0.320%$23K3xas long as short
Aster PYTHUSDT+0.0092%4h0.06344−0.098%$20K$45K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter PYTH+0.0096%1h0.06341−0.147%$194K$211K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06332−0.292%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06339−0.185%$2.3M$1.8M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06338−0.194%$7.5M$4.8M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06336−0.226%$2.1M$3.5M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06332−0.289%$1.5M$346K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06331−0.304%$2.7M$2.1M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06334−0.257%$2.7Mas long as short
Variational Omni PYTHlong+0.0100%4h0.06350long leg$38K$25K
Orderly PERP_PYTH_USDC_mythosshort+0.0100%4h0.06332−0.285%$2K$2K10x
Coinbase International PYTH-PERP-INTX+0.0152%1h0.06493+2.247%$40K$19K25xas long as short
Kraken Futures PF_PYTHUSD+0.0300%1h0.06333−0.273%$387K$301K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06329−0.329%20xas long as short