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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against BingX+0.080%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$254as in the Price arb table
costs, in and out, $10k−$2572.575% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.037%+$4 · spread now +0.080%, 7d avg +0.041%
Together, before fees+0.037%+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.038% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PYTH-USDT0.062860.0100pay 0.0050% / 4h2h 08m$2.8M
ShortKuCoin PYTHUSDTM0.062910.0100get 0.0050% / 4h2h 08m$1.5M$306K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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
Price spread: +0.080% → +0.041%
$3.84
Slippage, 4 orders
−$235.48
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$253.64
Costs to cover
2.575%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; KuCoin: live order book, 8 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 BingX live order book, 11 min ago4.73 bp17.6 bp −$1834.8 bp −$348247.9 bp −$24.8K493.6 bp −$246.8K
Sell KuCoin live order book, 8 min ago7.89 bp96.0 bp −$96584.2 bp −$5,842doesn't fitdoesn't fit

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+1.018%$561$180K5.5xas long as short
Deribit PYTH_USDC-PERPETUAL−0.0386%1h0.06288+0.032%$10K$10K10xas long as short
Kraken Futures PF_PYTHUSD−0.0218%1h0.06286−0.005%$380K$240K25xas long as short
Gate PYTH_USDT−0.0078%4h0.06278−0.127%$1.1M$467K75xas long as short
BloFin PYTH-USDT−0.0031%4h0.06289+0.048%$423K$115K75xas long as short
dYdX PYTH-USD0.0000%1h0.06292+0.093%$187K$195xas long as short
MEXC PYTH_USDT+0.0010%4h0.06281−0.080%$9.2M$2.4M125xas long as short
Binance PYTHUSDT+0.0014%4h0.06281−0.076%$9.0M$16.1M75xas long as short
Coinbase International PYTH-PERP-INTX+0.0048%1h0.06431+2.307%$40K$6K25xas long as short
Aevo PYTH-PERP+0.0088%1h0.06281−0.078%$22K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PYTHUSDT+0.0094%4h0.06285−0.016%$7.4M$5.0M50xas long as short
Lighter PYTH+0.0096%1h0.06292+0.095%$195K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06279−0.118%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06288+0.025%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06289+0.048%$19K$30K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06284−0.032%$2.1M$3.3M50xas long as short
KuCoin PYTHUSDTMshort+0.0100%4h0.06291+0.080%$1.5M$306K50x
Bitget PYTHUSDT+0.0100%4h0.06285−0.016%$2.6M$1.9M75xas long as short
BingX PYTH-USDTlong+0.0100%4h0.06286long leg$2.8M
Backpack PYTH_USDC_PERP+0.0100%1h0.06289+0.049%$38K$87K10xas long as short
Variational Omni PYTH+0.0100%4h0.06304+0.292%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06282−0.064%$3K$1K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06285−0.015%20xas long as short