Funding you earn now, next payment 03:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h +0.023%
Price spread now: Lighter against Binance+0.047%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$670.668% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.047%, 7d avg +0.135%
=Together, before fees+0.126%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.088% cheaper against Binance than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.135%). If the spread goes back, that is −$9 on $10k: about 2.7 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.092% in total) that is about 6.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PYTHUSDT | 0.06362 | −0.0014 | get 0.0007% / 4h | 1h 31m | $9.1M | $17.8M | 75x |
| Short | Lighter PYTH | 0.06365 | 0.0096 | get 0.0012% / 1h | 31m 59s | $191K | $204K | 5x |
Binance PYTHUSDT
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $23.18
- Price spread: +0.047% → +0.135%
- −$8.82
- Slippage, 4 orders
- −$56.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$52.48
- Costs to cover
- 0.668%
- Break-even
- 22.8 days
Slippage from Binance: live order book, 9 min ago; Lighter: live order book, 13 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, 9 min ago | 2.37 bp | 14.9 bp −$15 | 36.4 bp −$364 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 13 min ago | 3.95 bp | 11.5 bp −$11 | 78.4 bp −$784 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0384% | 1h | 0.06361 | −0.017% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0240% | 4h | 0.06358 | −0.063% | $1.0M | $500K | 75x | as long as short |
| MEXC PYTH_USDT | −0.0016% | 4h | 0.06353 | −0.141% | $9.4M | $2.5M | 125x | as long as short |
| Binance PYTHUSDTlong | −0.0014% | 4h | 0.06362 | long leg | $9.1M | $17.8M | 75x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06366 | +0.059% | $189K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0005% | 4h | 0.06362 | −0.005% | $20K | $46K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0032% | 4h | 0.06348 | −0.220% | $425K | $90K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.603% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06355 | −0.105% | $23K | — | 3x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06365 | +0.047% | $191K | $204K | 5x |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
MEXC PYTH_USDT
dYdX PYTH-USD
Aster PYTHUSDT
BloFin PYTH-USDT
Injective PYTH/USDC PERP
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06362 | +0.007% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06362 | +0.003% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06364 | +0.031% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06363 | +0.016% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06358 | −0.063% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06359 | −0.047% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06360 | −0.031% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06336 | −0.405% | $38K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06359 | −0.041% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06369 | +0.110% | $39K | $18K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0301% | 1h | 0.06359 | −0.049% | $388K | $291K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06355 | −0.104% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0536% | 1h | 0.06366 | +0.063% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL