Funding you earn now, next payment 23:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h −0.012%
Price spread now: Aster against Backpack−0.198%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Aster is 0.198% cheaper against Backpack than usual: you would sell low and buy high (spread −0.198% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 6.3 days of funding at the current rate (+$3 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PYTH_USDC_PERP | 0.06297 | −0.0005 | get 0.0001% / 1h | 54m 26s | $38K | $88K | 10x |
| Short | Aster PYTHUSDT | 0.06285 | 0.0100 | get 0.0050% / 4h | 1h 54m | $19K | $40K | 10x |
Backpack PYTH_USDC_PERP
Aster PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $22.11
- Price spread: −0.198% → 0.000%
- −$19.81
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$15.7
- Costs to cover
- 0.180%
- Break-even
- 12.0 days
Slippage unknown: Backpack: no order-book sample; Aster: 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Backpack and Aster: 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 | −0.588% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06290 | −0.119% | $382K | $253K | 25x | as long as short |
| Gate PYTH_USDT | −0.0038% | 4h | 0.06283 | −0.222% | $1.1M | $476K | 75x | as long as short |
| Backpack PYTH_USDC_PERPlong | −0.0005% | 1h | 0.06297 | long leg | $38K | $88K | 10x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06292 | −0.073% | $187K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0003% | 4h | 0.06287 | −0.159% | $419K | $115K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0030% | 4h | 0.06283 | −0.222% | $9.2M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | +0.0035% | 4h | 0.06278 | −0.308% | $9.0M | $16.8M | 75x | as long as short |
| Bybit PYTHUSDT | +0.0074% | 4h | 0.06280 | −0.270% | $7.4M | $5.1M | 50x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.128% | $40K | $6K | 25x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
dYdX PYTH-USD
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Bybit PYTHUSDT
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06285 | −0.191% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06299 | +0.032% | $197K | $208K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06292 | −0.075% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06288 | −0.148% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDTshort | +0.0100% | 4h | 0.06285 | −0.198% | $19K | $40K | 10x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06272 | −0.397% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06287 | −0.159% | $1.5M | $312K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06284 | −0.206% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06280 | −0.270% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06271 | −0.405% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06281 | −0.246% | $3K | $1K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0227% | 1h | 0.06295 | −0.032% | $10K | $10K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06284 | −0.210% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Deribit PYTH_USDC-PERPETUAL
Reya PYTHRUSDPERP