Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.049%
Price spread now: Injective against Bitget−0.080%61s7-day average −0.247% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.208%−$21 on $10k
+Price spread, last 4 days (all we have)−0.214%−$21 · spread now −0.080%, 7d avg −0.247%
=The price spread pays, funding is against you. Injective is 0.167% dearer against Bitget than usual: you sell high and buy low (spread −0.080% now, against its 7-day average of −0.247%): +$17 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.3 days. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PYTHUSDT | 0.06265 | 0.0100 | pay 0.0050% / 4h | 2h 22m | $2.6M | $2.2M | 75x |
| Short | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | get 0.0004% / 1h | 22m 11s | $553 | $220K | 5.5x |
Bitget PYTHUSDT
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −0.080% → −0.247%
- $16.68
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$9.34
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
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, 5 min ago | 3.21 bp | 25.2 bp −$25 | 59.9 bp −$599 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0437% | 1h | 0.06249 | −0.262% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0132% | 4h | 0.06242 | −0.367% | $1.0M | $530K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0020% | 4h | 0.06240 | −0.399% | $420K | $75K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06244 | −0.339% | $185K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0004% | 4h | 0.06267 | +0.032% | $10.5M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0005% | 4h | 0.06266 | +0.013% | $8.9M | $18.9M | 75x | as long as short |
| Injective PYTH/USDC PERPshort | +0.0033% | 1h | 0.06260 | −0.080% | $553 | $220K | 5.5x | |
| Deribit PYTH_USDC-PERPETUAL | +0.0069% | 1h | 0.06273 | +0.128% | $10K | $10K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06265 | −0.006% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06271 | +0.096% | $193K | $210K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
Deribit PYTH_USDC-PERPETUAL
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06247 | −0.290% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06262 | −0.042% | $2.1M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06260 | −0.076% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06270 | +0.080% | $7.4M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06272 | +0.112% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06265 | 0.000% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDTlong | +0.0100% | 4h | 0.06265 | long leg | $2.6M | $2.2M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06260 | −0.080% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06231 | −0.543% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06262 | −0.048% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0237% | 1h | 0.06276 | +0.173% | $383K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06257 | −0.131% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +3.639% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX