PYTH

Alert

Funding spread now, next payment 14:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h−0.033%paid, last 7 days−0.165%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PYTH_USDC_PERP	0.06480	0.0100	pay 0.0013% / 1h	1m 11s	$29K	$80K	10x
Short	Hyperliquid PYTH	0.06486	0.0100	get 0.0013% / 1h	1m 11s	$1.9M	$1.1M	5x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee HyperliquidbpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$19
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Hyperliquid: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.093%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Hyperliquid live order book, 1 min ago	0.69 bp	23.0 bp −$23	doesn't fit	doesn't fit	doesn't fit

Backpack: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International PYTH-PERP-INTX	−0.0136%	1h	$39K	$8K	25x	as long as short
dYdX PYTH-USD	0.0000%	1h	$193K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	$10K	$10K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	$537	$34K	5.5x	as long as short
MEXC PYTH_USDT	+0.0058%	4h	$9.6M	$2.7M	125x	as long as short
Binance PYTHUSDT	+0.0063%	4h	$9.2M	$14.0M	75x	as long as short
Lighter PYTH	+0.0096%	1h	$192K	$158K	5x	as long as short
Aevo PYTH-PERP	+0.0096%	1h	$23K	—	3x	as long as short
Paradex PYTH-USD-PERP	+0.0098%	8h	$3K	$56	10x	as long as short
Hyperliquid PYTHshort	+0.0100%	1h	$1.9M	$1.1M	5x

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0100%	4h	$22K	$26K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	$7.9M	$4.5M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.1M	$3.3M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	$1.2M	$427K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.6M	$395K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	$2.6M	$1.7M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	—	$2.9M	—	as long as short
Backpack PYTH_USDC_PERPlong	+0.0100%	1h	$29K	$80K	10x
Variational Omni PYTH	+0.0100%	4h	$42K	$13K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	$3K	$798	10x	as long as short
BloFin PYTH-USDT	+0.0251%	4h	$438K	$125K	75x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0444%	1h	$403K	$205K	25x	as long as short