Funding arb · Price arb /

PYTH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget−0.016%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$820.821% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.016%, 7d avg +0.027%

Together, before fees+0.077%+$8 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: OKX is 0.043% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PYTHUSDT	0.06302	0.0100	pay 0.0050% / 4h	45m 21s	$2.6M	$2.2M	75x
Short	OKX PYTH-USDT-SWAP	0.06301	0.0100	get 0.0050% / 4h	45m 21s	$2.1M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.027%: −$4.25
Slippage, 4 orders: −$60.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$86.36
Costs to cover: 0.821%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	4.75 bp	20.4 bp −$20	45.8 bp −$458	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.96 bp	19.4 bp −$19	142.1 bp −$1,421	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
Backpack PYTH_USDC_PERP	−0.0421%	1h	0.06324	+0.355%	$37K	$50K	10x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0225%	1h	0.06308	+0.095%	$10K	$10K	10x	as long as short
Gate PYTH_USDT	−0.0202%	4h	0.06295	−0.111%	$1.0M	$505K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06310	+0.124%	$187K	$19	5x	as long as short
MEXC PYTH_USDT	+0.0028%	4h	0.06303	+0.016%	$10.0M	$2.5M	125x	as long as short
Aster PYTHUSDT	+0.0031%	4h	0.06310	+0.127%	$20K	$44K	10x	as long as short
Binance PYTHUSDT	+0.0032%	4h	0.06297	−0.072%	$9.0M	$17.9M	75x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−0.666%	$553	$220K	5.5x	as long as short
BloFin PYTH-USDT	+0.0049%	4h	0.06303	+0.016%	$351K	$81K	75x	as long as short
Aevo PYTH-PERP	+0.0088%	1h	0.06310	+0.127%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PYTH	+0.0096%	1h	0.06308	+0.095%	$190K	$207K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06299	−0.044%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06313	+0.178%	$2.0M	$1.6M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06301	−0.016%	$7.5M	$4.7M	50x	as long as short
OKX PYTH-USDT-SWAPshort	+0.0100%	4h	0.06301	−0.016%	$2.1M	$3.4M	50x
KuCoin PYTHUSDTM	+0.0100%	4h	0.06307	+0.079%	$1.5M	$344K	50x	as long as short
Bitget PYTHUSDTlong	+0.0100%	4h	0.06302	long leg	$2.6M	$2.2M	75x
BingX PYTH-USDT	+0.0100%	4h	0.06300	−0.032%	—	$2.7M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06314	+0.188%	$38K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06299	−0.046%	$3K	$2K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0104%	1h	0.06324	+0.349%	$39K	$18K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06302	+0.002%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0415%	1h	0.06302	+0.002%	$384K	$293K	25x	as long as short