PYTH

Alert

Funding spread now, next payment 16:00 UTC+0.0238%/8h

next payment, per $10,000+$1.19paid, last 24h+0.003%paid, last 7 days−0.084%to open and close $10k−$60

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.19 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	Bitget PYTHUSDT	0.06586	0.0100	pay 0.0050% / 4h	16m 16s	$2.8M	$1.8M	75x
Short	BloFin PYTH-USDT	0.06580	0.0338	get 0.0169% / 4h	16m 16s	$448K	$126K	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BloFinbpOrdersRate

Funding earned: $50
Slippage, 4 orders: −$36.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.21
Break-even: 8.4 days

Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 31 min ago.

Price risk

price view

Price gap now: −0.091%
Avg gap 7d: −0.037%

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 Bitget live order book, 3 min ago	3.04 bp	20.6 bp −$21	41.2 bp −$412	doesn't fit	doesn't fit
Sell BloFin live order book, 31 min ago	0.77 bp	15.2 bp −$15	29.4 bp −$294	117.0 bp −$11.7K	doesn't fit

PYTH on 23 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit PYTH_USDC-PERPETUAL	−0.0964%	1h	$11K	$10K	10x	as long as short
Injective PYTH/USDC PERP	−0.0184%	1h	$577	$80K	5.5x	as long as short
dYdX PYTH-USD	0.0000%	1h	$195K	$19	5x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0056%	1h	$41K	$11K	25x	as long as short
Paradex PYTH-USD-PERP	+0.0096%	8h	$3K	$56	10x	as long as short
Lighter PYTH	+0.0096%	1h	$201K	$191K	5x	as long as short
MEXC PYTH_USDT	+0.0098%	4h	$9.8M	$2.9M	125x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.8M	$1.4M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	$24K	$31K	10x	as long as short
Binance PYTHUSDT	+0.0100%	4h	$9.5M	$15.0M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PYTHUSDT	+0.0100%	4h	$8.0M	$4.5M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	$1.2M	$454K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.6M	$385K	50x	as long as short
Bitget PYTHUSDTlong	+0.0100%	4h	$2.8M	$1.8M	75x
BingX PYTH-USDT	+0.0100%	4h	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	$47K	$16K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	$3K	$798	10x	as long as short
Aevo PYTH-PERP	+0.0104%	1h	$24K	—	3x	as long as short
Backpack PYTH_USDC_PERP	+0.0161%	1h	$29K	$80K	10x	as long as short
Kraken Futures PF_PYTHUSD	+0.0266%	1h	$405K	$219K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short
BloFin PYTH-USDTshort	+0.0338%	4h	$448K	$126K	75x