PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.22 per $10,000 · paid last 24h −0.011%

Price spread now: Gate against BloFin−0.175%78s7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$970.970% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.331%+$33 · spread now −0.175%, 7d avg +0.049%

Together, before fees+0.372%+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.224% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.049%). Swap the legs. The two prices were read 78 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	BloFin PYTH-USDT	0.06284	0.0049	pay 0.0024% / 4h	1h 33m	$424K	$76K	75x
Short	Gate PYTH_USDT	0.06273	0.0004	get 0.0002% / 4h	1h 33m	$1.0M	$535K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BloFinbpFee GatebpOrdersPrice spread, now −0.175%Rate

Funding earned: −$9.36
Price spread: −0.175% → +0.049%: −$22.41
Slippage, 4 orders: −$70
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$128.77
Costs to cover: 0.970%
Break-even: never at this rate

Slippage from BloFin: live order book, 52 min ago; Gate: live order book, 3 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 BloFin live order book, 52 min ago	2.40 bp	11.6 bp −$12	23.7 bp −$237	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.76 bp	35.4 bp −$35	doesn't fit	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	−0.0124%	1h	0.06287	+0.053%	$35K	$66K	10x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06282	−0.032%	$10K	$10K	10x	as long as short
Gate PYTH_USDTshort	+0.0004%	4h	0.06273	−0.175%	$1.0M	$535K	75x
MEXC PYTH_USDT	+0.0010%	4h	0.06280	−0.064%	$10.4M	$2.7M	125x	as long as short
Binance PYTHUSDT	+0.0013%	4h	0.06280	−0.065%	$8.9M	$19.5M	75x	as long as short
dYdX PYTH-USD	+0.0013%	1h	0.06274	−0.160%	$186K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−0.382%	$553	$220K	5.5x	as long as short
BloFin PYTH-USDTlong	+0.0049%	4h	0.06284	long leg	$424K	$76K	75x
Aevo PYTH-PERP	+0.0080%	1h	0.06280	−0.062%	$22K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06287	+0.048%	$193K	$218K	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06269	−0.238%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06287	+0.041%	$2.2M	$2.0M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06277	−0.116%	$19K	$46K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06284	0.000%	$7.4M	$4.9M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06284	0.000%	$2.1M	$3.6M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06281	−0.048%	$1.5M	$353K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06284	0.000%	$2.6M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06282	−0.032%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06303	+0.301%	$39K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06276	−0.121%	$2K	$2K	10x	as long as short
Kraken Futures PF_PYTHUSD	+0.0132%	1h	0.06286	+0.027%	$381K	$314K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06276	−0.131%	—	—	20x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0368%	1h	0.06427	+2.276%	$40K	$19K	25x	as long as short