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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.016%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$340.338% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days+0.001%$0 · spread now −0.016%, 7d avg +0.001%
Together, before fees+0.002%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PYTHUSDT0.063310.0022pay 0.0011% / 4h2h 14m$9.1M$16.0M75x
ShortMEXC PYTH_USDT0.063300.0024get 0.0012% / 4h2h 14m$9.3M$2.4M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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
$0.32
Price spread: −0.016% → +0.001%
−$1.63
Slippage, 4 orders
−$23.75
Fee Binance: 5 bp × 2 orders
−$10
Fee MEXC: 0 bp × 2 orders
$0
Net
−$35.06
Costs to cover
0.338%
Break-even
765.8 days
Slippage from Binance: live order book, 12 min ago; MEXC: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 12 min ago0.79 bp14.8 bp −$1543.6 bp −$436doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago0.79 bp0.8 bp −$10.8 bp −$862.6 bp −$6,256191.6 bp −$95.8K

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
Injective PYTH/USDC PERP−0.0586%1h0.06350+0.300%$561$180K5.5xas long as short
Deribit PYTH_USDC-PERPETUAL−0.0538%1h0.06337+0.095%$10K$10K10xas long as short
Kraken Futures PF_PYTHUSD−0.0216%1h0.06339+0.130%$384K$240K25xas long as short
Gate PYTH_USDT−0.0028%4h0.06332+0.016%$1.1M$466K75xas long as short
dYdX PYTH-USD0.0000%1h0.06344+0.200%$188K$195xas long as short
Binance PYTHUSDTlong+0.0022%4h0.06331long leg$9.1M$16.0M75x
MEXC PYTH_USDTshort+0.0024%4h0.06330−0.016%$9.3M$2.4M125x
Coinbase International PYTH-PERP-INTX+0.0048%1h0.06431+1.580%$40K$6K25xas long as short
BloFin PYTH-USDT+0.0054%4h0.06329−0.032%$422K$117K75xas long as short
Bybit PYTHUSDT+0.0083%4h0.06332+0.016%$7.4M$4.9M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0088%1h0.06331−0.006%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06341+0.158%$196K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06326−0.076%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06338+0.104%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06337+0.095%$20K$24K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06332+0.016%$2.1M$3.3M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06338+0.111%$1.5M$304K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06339+0.126%$2.6M$1.9M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06332+0.016%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06338+0.106%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06332+0.021%$3K$1K10xas long as short
Backpack PYTH_USDC_PERP+0.0193%1h0.06338+0.115%$38K$87K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06332+0.010%20xas long as short