PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h −0.012%

Price spread now: MEXC against BloFin+0.454%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs+$8as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.298%−$30 · spread now +0.454%, 7d avg +0.020%

Together, before fees−0.305%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.435% dearer against BloFin than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PYTH-USDT	0.06381	−0.0180	get 0.0090% / 4h	3h 30m	$426K	$110K	75x
Short	MEXC PYTH_USDT	0.06410	−0.0138	pay 0.0069% / 4h	3h 30m	$9.8M	$2.4M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.454%Rate

Funding earned: $8.74
Price spread: +0.454% → +0.020%: $43.46
Slippage, 4 orders: −$23.4
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: $16.79
Costs to cover: 0.354%
Break-even: from the start

Slippage from BloFin: live order book, 40 min ago; MEXC: 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 BloFin live order book, 40 min ago	0.79 bp	11.0 bp −$11	19.8 bp −$198	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.78 bp	4.8 bp −$5	17.9 bp −$179	101.9 bp −$10.2K	209.2 bp −$104.6K

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
BloFin PYTH-USDTlong	−0.0180%	4h	0.06381	long leg	$426K	$110K	75x
MEXC PYTH_USDTshort	−0.0138%	4h	0.06410	+0.454%	$9.8M	$2.4M	125x
Kraken Futures PF_PYTHUSD	−0.0135%	1h	0.06418	+0.577%	$394K	$289K	25x	as long as short
Binance PYTHUSDT	−0.0135%	4h	0.06405	+0.379%	$9.2M	$17.5M	75x	as long as short
Coinbase International PYTH-PERP-INTX	−0.0064%	1h	0.06368	−0.204%	$40K	$18K	25x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06414	+0.514%	$190K	$19	5x	as long as short
Aster PYTHUSDT	+0.0018%	4h	0.06414	+0.514%	$22K	$44K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.896%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0048%	1h	0.06412	+0.480%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06417	+0.564%	$203K	$198K	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	0.06404	+0.367%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06419	+0.591%	$1.9M	$1.6M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06409	+0.439%	$7.7M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06406	+0.392%	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06410	+0.454%	$1.1M	$470K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06416	+0.549%	$1.5M	$323K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06407	+0.407%	$2.7M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06409	+0.439%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06405	+0.376%	$39K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06405	+0.382%	$3K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06401	+0.314%	—	—	20x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0374%	1h	0.06415	+0.533%	$10K	$10K	10x	as long as short
Backpack PYTH_USDC_PERP	+0.0938%	1h	0.06417	+0.563%	$36K	$92K	10x	as long as short