PYTH

Alert

Funding spread now, next payment 20:00 UTC−0.0186%/8h

next payment, per $10,000−$0.93paid, last 24h0.000%paid, last 7 days−0.027%to open and close $10k−$106

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PYTH-USDT	0.06333	0.0100	pay 0.0050% / 4h	2h 01m	—	$2.9M	—
Short	Gate PYTH_USDT	0.06328	−0.0086	pay 0.0043% / 4h	2h 01m	$1.1M	$557K	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersRate

Funding earned: −$39.06
Slippage, 4 orders: −$80.56
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$144.62
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Gate: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.079%
Avg gap 7d: −0.025%

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 BingX live order book, 10 min ago	6.32 bp	21.7 bp −$22	44.9 bp −$449	285.3 bp −$28.5K	506.1 bp −$253.0K
Sell Gate live order book, 2 min ago	5.55 bp	30.2 bp −$30	doesn't fit	doesn't fit	doesn't fit

PYTH on 23 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PYTH_USDTshort	−0.0086%	4h	$1.1M	$557K	75x
dYdX PYTH-USD	0.0000%	1h	$188K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	$577	$46K	5.5x	as long as short
Paradex PYTH-USD-PERP	+0.0095%	8h	$3K	$56	10x	as long as short
Lighter PYTH	+0.0096%	1h	$196K	$201K	5x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.7M	$1.5M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	$21K	$34K	10x	as long as short
Binance PYTHUSDT	+0.0100%	4h	$9.1M	$15.9M	75x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	$7.5M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.0M	$3.6M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PYTH_USDT	+0.0100%	4h	$9.2M	$2.7M	125x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.5M	$372K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	$2.6M	$2.2M	75x	as long as short
BingX PYTH-USDTlong	+0.0100%	4h	—	$2.9M	—
Backpack PYTH_USDC_PERP	+0.0100%	1h	$39K	$92K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	$43K	$16K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	$3K	$1K	10x	as long as short
Aevo PYTH-PERP	+0.0104%	1h	$23K	—	3x	as long as short
BloFin PYTH-USDT	+0.0131%	4h	$436K	$132K	75x	as long as short
Kraken Futures PF_PYTHUSD	+0.0181%	1h	$382K	$229K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0304%	1h	$39K	$10K	25x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0381%	1h	$10K	$10K	10x	as long as short