Funding arb · Price arb /

PYTH

all PYTH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h +0.001%

Price spread now: Paradex against Aevo−0.055%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Paradex

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 days—no price history on both exchanges yet

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

Funding pays, the price is against you. Paradex is 0.055% cheaper against Aevo than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PYTH-PERP	0.06280	0.0064	pay 0.0008% / 1h	18m 14s	$22K	—	3x
Short	Paradex PYTH-USD-PERP	0.06277	0.0099	get 0.0099% / 8h	1h 18m	$3K	$56	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now −0.055%Rate

Funding earned: $7.45
Price spread: −0.055% → 0.000%: −$5.47
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.02
Costs to cover: 0.200%
Break-even: 23.9 days

Slippage unknown: Aevo: 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 Aevo no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Aevo 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
Injective PYTH/USDC PERP	−0.0428%	1h	0.06260	−0.325%	$553	$220K	5.5x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0387%	1h	0.06277	−0.054%	$10K	$10K	10x	as long as short
Kraken Futures PF_PYTHUSD	−0.0208%	1h	0.06279	−0.016%	$381K	$252K	25x	as long as short
BloFin PYTH-USDT	−0.0096%	4h	0.06280	−0.006%	$419K	$114K	75x	as long as short
Binance PYTHUSDT	−0.0054%	4h	0.06277	−0.054%	$9.0M	$17.1M	75x	as long as short
MEXC PYTH_USDT	−0.0054%	4h	0.06278	−0.038%	$9.1M	$2.3M	125x	as long as short
Bybit PYTHUSDT	−0.0042%	4h	0.06280	−0.006%	$7.4M	$5.1M	50x	as long as short
Gate PYTH_USDT	−0.0020%	4h	0.06282	+0.025%	$1.1M	$480K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06289	+0.139%	$187K	$19	5x	as long as short
Aevo PYTH-PERPlong	+0.0064%	1h	0.06280	long leg	$22K	—	3x

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	+2.398%	$40K	$6K	25x	as long as short
Aster PYTHUSDT	+0.0096%	4h	0.06281	+0.010%	$25K	$40K	10x	as long as short
Lighter PYTH	+0.0096%	1h	0.06285	+0.073%	$196K	$210K	5x	as long as short
Paradex PYTH-USD-PERPshort	+0.0099%	8h	0.06277	−0.055%	$3K	$56	10x
Hyperliquid PYTH	+0.0100%	1h	0.06286	+0.096%	$1.7M	$1.5M	5x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06282	+0.025%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06291	+0.169%	$1.5M	$314K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06285	+0.073%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06280	−0.006%	—	$2.8M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06288	+0.119%	$38K	$88K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06291	+0.172%	$44K	$22K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06281	+0.013%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06280	−0.003%	—	—	20x	as long as short