Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.016%
Price spread now: Bybit against Bitget+0.080%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$750.749% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now +0.080%, 7d avg +0.031%
=The price spread pays, funding is against you. Bybit is 0.048% dearer against Bitget than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.031%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.053% in total) that is about 6.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PYTHUSDT | 0.06266 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $2.6M | $2.0M | 75x |
| Short | Bybit PYTHUSDT | 0.06271 | 0.0041 | get 0.0021% / 4h | 1h 53m | $7.4M | $5.1M | 50x |
Bitget PYTHUSDT
Bybit PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- −$12.3
- Price spread: +0.080% → +0.031%
- $4.85
- Slippage, 4 orders
- −$51.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$82.35
- Costs to cover
- 0.749%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 5 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 Bitget live order book, 4 min ago | 3.19 bp | 13.8 bp −$14 | 35.9 bp −$359 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.80 bp | 28.9 bp −$29 | 118.1 bp −$1,181 | 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 | −0.096% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0209% | 1h | 0.06266 | +0.006% | $381K | $253K | 25x | as long as short |
| Gate PYTH_USDT | −0.0036% | 4h | 0.06268 | +0.032% | $1.1M | $476K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06276 | +0.166% | $186K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06272 | +0.096% | $10K | $10K | 10x | as long as short |
| MEXC PYTH_USDT | +0.0034% | 4h | 0.06264 | −0.032% | $9.2M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | +0.0036% | 4h | 0.06264 | −0.028% | $9.0M | $16.9M | 75x | as long as short |
| Bybit PYTHUSDTshort | +0.0041% | 4h | 0.06271 | +0.080% | $7.4M | $5.1M | 50x | |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.633% | $40K | $6K | 25x | as long as short |
| BloFin PYTH-USDT | +0.0082% | 4h | 0.06287 | +0.335% | $419K | $115K | 75x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTX
BloFin PYTH-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06265 | −0.016% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06280 | +0.223% | $197K | $208K | 5x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0097% | 1h | 0.06277 | +0.177% | $38K | $88K | 10x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06270 | +0.065% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06272 | +0.091% | $1.6M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06273 | +0.111% | $19K | $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 | 0.06276 | +0.160% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDTlong | +0.0100% | 4h | 0.06266 | long leg | $2.6M | $2.0M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06271 | +0.080% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06271 | +0.087% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06273 | +0.117% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06268 | +0.025% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Backpack PYTH_USDC_PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP