Funding you earn now, next payment 08:00 UTC+0.0400%/8h= +43.8% APRpaid last 24h +0.032%
Price spread now: Kraken Futures against BloFin+0.122%7-day average +0.193% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$860.859% of the position
Funding, last 7 days+0.564%+$56 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.122%, 7d avg +0.193%
=Funding pays, the price is against you. Kraken Futures is 0.071% cheaper against BloFin than usual: you would sell low and buy high (spread +0.122% now, against its 7-day average of +0.193%). If the spread goes back, that is −$7 on $10k: about 14 hours of funding at the current rate (+$12 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PYTH-USDT | 0.06301 | 0.0053 | pay 0.0026% / 4h | 8m 24s | $427K | $72K | 75x |
| Short | Kraken Futures PF_PYTHUSD | 0.06309 | 0.0452 | get 0.0057% / 1h | 8m 24s | $382K | $304K | 25x |
BloFin PYTH-USDT
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $83.92
- Price spread: +0.122% → +0.193%
- −$7.09
- Slippage, 4 orders
- −$63.91
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$9.08
- Costs to cover
- 0.859%
- Break-even
- 7.8 days
Slippage from BloFin: live order book, 7 min ago; Kraken Futures: live order book, 29 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, 7 min ago | 1.59 bp | 14.8 bp −$15 | 27.4 bp −$274 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 29 min ago | 21.44 bp | 29.5 bp −$29 | 171.8 bp −$1,718 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0225% | 1h | 0.06308 | +0.111% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | +0.0013% | 1h | 0.06305 | +0.066% | $187K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.651% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDTlong | +0.0053% | 4h | 0.06301 | long leg | $427K | $72K | 75x | |
| Backpack PYTH_USDC_PERP | +0.0088% | 1h | 0.06310 | +0.141% | $35K | $67K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06312 | +0.175% | $195K | $221K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06300 | −0.016% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06305 | +0.068% | $2.2M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06301 | 0.000% | $21K | $47K | 10x | as long as short |
| Binance PYTHUSDT | +0.0100% | 4h | 0.06299 | −0.027% | $9.1M | $19.9M | 75x | as long as short |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Injective PYTH/USDC PERP
Backpack PYTH_USDC_PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Binance PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06302 | +0.016% | $7.5M | $5.0M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06300 | −0.016% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06295 | −0.095% | $1.0M | $539K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0100% | 4h | 0.06303 | +0.032% | $10.5M | $2.8M | 125x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06305 | +0.063% | $1.5M | $371K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06305 | +0.063% | $2.7M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06302 | +0.016% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06290 | −0.171% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06301 | +0.002% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06301 | −0.008% | $22K | — | 3x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06298 | −0.044% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSDshort | +0.0452% | 1h | 0.06309 | +0.122% | $382K | $304K | 25x | |
| Coinbase International PYTH-PERP-INTX | +0.0472% | 1h | 0.06427 | +2.000% | $40K | $19K | 25x | as long as short |
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
MEXC PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX