Funding you earn now, next payment 22:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h +0.066%
Price spread now: Kraken Futures against Binance+0.032%7-day average +0.171% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$840.843% of the position
Funding, last 7 days+0.544%+$54 on $10k
+Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.032%, 7d avg +0.171%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.139% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.171%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.544%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PYTHUSDT | 0.06284 | 0.0015 | pay 0.0008% / 4h | 2h 07m | $9.1M | $16.1M | 75x |
| Short | Kraken Futures PF_PYTHUSD | 0.06286 | −0.0218 | pay 0.0027% / 1h | 7m 44s | $380K | $240K | 25x |
Binance PYTHUSDT
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$48.94
- Price spread: +0.032% → +0.171%
- −$13.91
- Slippage, 4 orders
- −$64.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$147.14
- Costs to cover
- 0.843%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Kraken Futures: live order book, 15 min ago.
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 Binance live order book, 3 min ago | 0.80 bp | 14.7 bp −$15 | 38.3 bp −$383 | 496.0 bp −$49.6K | doesn't fit |
| Sell Kraken Futures live order book, 15 min ago | 22.07 bp | 29.5 bp −$29 | 161.5 bp −$1,615 | doesn't fit | doesn't fit |
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 | −0.0586% | 1h | 0.06350 | +1.055% | $561 | $180K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0386% | 1h | 0.06288 | +0.068% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSDshort | −0.0218% | 1h | 0.06286 | +0.032% | $380K | $240K | 25x | |
| Gate PYTH_USDT | −0.0074% | 4h | 0.06282 | −0.027% | $1.1M | $467K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0031% | 4h | 0.06289 | +0.084% | $423K | $115K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06292 | +0.130% | $187K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0014% | 4h | 0.06282 | −0.027% | $9.2M | $2.4M | 125x | as long as short |
| Binance PYTHUSDTlong | +0.0015% | 4h | 0.06284 | long leg | $9.1M | $16.1M | 75x | |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +2.344% | $40K | $6K | 25x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06281 | −0.041% | $22K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06295 | +0.180% | $195K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06277 | −0.104% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06288 | +0.062% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06289 | +0.084% | $19K | $30K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06287 | +0.052% | $7.4M | $5.0M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06280 | −0.059% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06291 | +0.116% | $1.5M | $306K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06283 | −0.011% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06283 | −0.011% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06289 | +0.086% | $38K | $87K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06304 | +0.328% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06282 | −0.027% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06285 | +0.021% | — | — | 20x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP