Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against BingX+0.080%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$490.495% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.080%, 7d avg +0.102%
=Together, before fees−0.050%+ Points / potential airdropLighter: Season 3 · farm board−$5 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: Lighter is 0.022% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.102%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PYTH-USDT | 0.06270 | 0.0100 | pay 0.0050% / 4h | 1h 30m | — | $2.8M | — |
| Short | Lighter PYTH | 0.06275 | 0.0096 | get 0.0012% / 1h | 30m 45s | $196K | $208K | 5x |
BingX PYTH-USDT
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.080% → +0.102%
- −$2.21
- Slippage, 4 orders
- −$39.46
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$52.51
- Costs to cover
- 0.495%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Lighter: live order book, 43 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, 4 min ago | 2.39 bp | 14.0 bp −$14 | 29.8 bp −$298 | 199.4 bp −$19.9K | 436.6 bp −$218.3K |
| Sell Lighter live order book, 43 min ago | 3.95 bp | 8.5 bp −$8 | 60.4 bp −$604 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −0.159% | $553 | $220K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0387% | 1h | 0.06278 | +0.128% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0209% | 1h | 0.06274 | +0.064% | $381K | $252K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0050% | 4h | 0.06279 | +0.144% | $421K | $114K | 75x | as long as short |
| Bybit PYTHUSDT | −0.0048% | 4h | 0.06272 | +0.032% | $7.4M | $5.1M | 50x | as long as short |
| Gate PYTH_USDT | −0.0030% | 4h | 0.06268 | −0.032% | $1.1M | $479K | 75x | as long as short |
| Binance PYTHUSDT | −0.0027% | 4h | 0.06269 | −0.016% | $9.0M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0022% | 4h | 0.06269 | −0.016% | $9.1M | $2.3M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06276 | +0.100% | $186K | $19 | 5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06275 | +0.080% | $22K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
Bybit PYTHUSDT
Gate PYTH_USDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.568% | $40K | $6K | 25x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06275 | +0.080% | $196K | $208K | 5x | |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06265 | −0.077% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06271 | +0.021% | $1.6M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06280 | +0.152% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06268 | −0.032% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06277 | +0.112% | $1.5M | $315K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06267 | −0.048% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06270 | long leg | — | $2.8M | — | |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06277 | +0.112% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06293 | +0.363% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06279 | +0.145% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06278 | +0.127% | — | — | 20x | as long as short |
Coinbase International PYTH-PERP-INTX
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP