Funding you earn now, next payment 00:00 UTC−0.0131%/8h= −14.3% APRnext payment −$0.65 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against BingX−0.110%66s7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$610.606% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 3 days (all we have)−0.330%−$33 · spread now −0.110%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.062% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.049%). Swap the legs. The two prices were read 66 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 | BingX PYTH-USDT | 0.06349 | 0.0100 | pay 0.0050% / 4h | 2h 22m | — | $2.8M | — |
| Short | BloFin PYTH-USDT | 0.06342 | −0.0031 | pay 0.0015% / 4h | 2h 22m | $424K | $117K | 75x |
BingX PYTH-USDT
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$27.44
- Price spread: −0.110% → −0.049%
- −$6.15
- Slippage, 4 orders
- −$38.57
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$94.16
- Costs to cover
- 0.606%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 63 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 BingX live order book, 8 min ago | 3.16 bp | 17.1 bp −$17 | 38.8 bp −$388 | 298.0 bp −$29.8K | 519.9 bp −$260.0K |
| Sell BloFin live order book, 63 min ago | 0.79 bp | 11.6 bp −$12 | 26.0 bp −$260 | 70.5 bp −$7,046 | 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 | +0.016% | $561 | $180K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0222% | 1h | 0.06359 | +0.158% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0215% | 1h | 0.06360 | +0.177% | $385K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0044% | 4h | 0.06347 | −0.032% | $1.1M | $465K | 75x | as long as short |
| BloFin PYTH-USDTshort | −0.0031% | 4h | 0.06342 | −0.110% | $424K | $117K | 75x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06348 | −0.020% | $188K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0004% | 4h | 0.06351 | +0.032% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | +0.0010% | 4h | 0.06352 | +0.047% | $9.1M | $15.9M | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.292% | $40K | $6K | 25x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06352 | +0.055% | $23K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | +0.0088% | 4h | 0.06353 | +0.063% | $7.5M | $4.9M | 50x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06363 | +0.221% | $197K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06341 | −0.130% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06349 | −0.005% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06344 | −0.073% | $20K | $24K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06354 | +0.079% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06351 | +0.032% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06350 | +0.016% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06349 | long leg | — | $2.8M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06343 | −0.090% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06353 | +0.068% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0213% | 1h | 0.06360 | +0.170% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06344 | −0.083% | — | — | 20x | as long as short |
Bybit PYTHUSDT
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP