Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.021%
Price spread now: Coinbase International against BloFin+1.563%58s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 1.563% dearer against BloFin than usual: you sell high and buy low: +$156 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PYTH-USDT0.06332−0.0004get 0.0002% / 4h2h 11m$424K$117K75x
ShortCoinbase International PYTH-PERP-INTX0.064310.0048get 0.0006% / 1h11m 41s$40K$6K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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

Funding earned
$11.02
Price spread: +1.563% → 0.000%
$156.35
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$145.37
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: BloFin: live order book, 9 min ago; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 9 min ago0.79 bp15.2 bp −$1529.8 bp −$298doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PYTH/USDC PERP−0.0586%1h0.06350+0.284%$561$180K5.5xas long as short
Deribit PYTH_USDC-PERPETUAL−0.0383%1h0.06318−0.221%$10K$10K10xas long as short
Kraken Futures PF_PYTHUSD−0.0217%1h0.06311−0.328%$382K$240K25xas long as short
Gate PYTH_USDT−0.0052%4h0.06296−0.569%$1.1M$467K75xas long as short
BloFin PYTH-USDTlong−0.0004%4h0.06332long leg$424K$117K75x
dYdX PYTH-USD0.0000%1h0.06297−0.555%$187K$195xas long as short
Binance PYTHUSDT+0.0014%4h0.06294−0.600%$9.1M$16.1M75xas long as short
MEXC PYTH_USDT+0.0020%4h0.06292−0.632%$9.3M$2.4M125xas long as short
Coinbase International PYTH-PERP-INTXshort+0.0048%1h0.06431+1.563%$40K$6K25x
Bybit PYTHUSDT+0.0078%4h0.06300−0.505%$7.4M$5.0M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0088%1h0.06311−0.330%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06307−0.395%$195K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06292−0.639%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06302−0.477%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06302−0.470%$20K$30K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06301−0.490%$2.1M$3.3M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06297−0.553%$1.5M$304K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06300−0.505%$2.6M$1.9M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06299−0.521%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06338+0.090%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06315−0.276%$3K$1K10xas long as short
Backpack PYTH_USDC_PERP+0.0158%1h0.06313−0.306%$38K$87K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06312−0.317%20xas long as short