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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h +0.004%
Price spread now: Coinbase International against Aster+1.088%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 1.088% dearer against Aster than usual: you sell high and buy low: +$109 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PYTHUSDT0.063160.0035pay 0.0018% / 4h49m 31s$20K$43K10x
ShortCoinbase International PYTH-PERP-INTX0.063850.0104get 0.0013% / 1h49m 31s$40K$18K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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
$14.47
Price spread: +1.088% → 0.000%
$108.76
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$105.23
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Aster: 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 Aster no order-book sample
Sell Coinbase International no order-book sample
Aster 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
Deribit PYTH_USDC-PERPETUAL−0.0383%1h0.06317+0.011%$10K$10K10xas long as short
Backpack PYTH_USDC_PERP−0.0349%1h0.06317+0.005%$37K$50K10xas long as short
Gate PYTH_USDT−0.0190%4h0.06301−0.242%$1.0M$504K75xas long as short
dYdX PYTH-USD0.0000%1h0.06314−0.039%$187K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−0.891%$553$220K5.5xas long as short
MEXC PYTH_USDT+0.0034%4h0.06305−0.179%$10.0M$2.5M125xas long as short
Aster PYTHUSDTlong+0.0035%4h0.06316long leg$20K$43K10x
Binance PYTHUSDT+0.0039%4h0.06301−0.242%$9.0M$17.9M75xas long as short
BloFin PYTH-USDT+0.0040%4h0.06326+0.153%$426K$84K75xas long as short
Aevo PYTH-PERP+0.0088%1h0.06323+0.106%$23K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter PYTH+0.0096%1h0.06316−0.005%$190K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06303−0.208%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06314−0.035%$2.0M$1.6M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06302−0.226%$7.5M$4.7M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06304−0.195%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06317+0.011%$1.5M$343K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06310−0.100%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06306−0.163%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06323+0.104%$38K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06319+0.044%$3K$2K10xas long as short
Coinbase International PYTH-PERP-INTXshort+0.0104%1h0.06385+1.088%$40K$18K25x
Reya PYTHRUSDPERP+0.0302%1h0.06301−0.247%20xas long as short
Kraken Futures PF_PYTHUSD+0.0414%1h0.06321+0.078%$385K$293K25xas long as short