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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0057%/8h= +6.3% APRnext payment +$0.29 per $10,000 · paid last 24h +0.012%
Price spread now: Orderly against BloFin+0.162%52s7-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 Orderly is 0.162% dearer against BloFin than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PYTH-USDT0.064110.0043pay 0.0021% / 4h1h 57m$424K$77K75x
ShortOrderly PERP_PYTH_USDC_mythos0.064210.0100get 0.0050% / 4h1h 57m$2K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$12
Price spread: +0.162% → 0.000%
$16.22
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
$10.23
Costs to cover
0.180%
Break-even
1.0 days
Slippage unknown: BloFin: live order book, 28 min ago; Orderly: 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, 28 min ago2.40 bp11.6 bp −$1223.7 bp −$237doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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
dYdX PYTH-USD0.0000%1h0.06429+0.276%$191K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06410−0.016%$10K$10K10xas long as short
Binance PYTHUSDT+0.0027%4h0.06389−0.343%$9.1M$19.1M75xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−2.355%$553$220K5.5xas long as short
MEXC PYTH_USDT+0.0034%4h0.06394−0.265%$10.6M$2.7M125xas long as short
Gate PYTH_USDT+0.0040%4h0.06401−0.156%$1.0M$530K75xas long as short
BloFin PYTH-USDTlong+0.0043%4h0.06411long leg$424K$77K75x
Aevo PYTH-PERP+0.0088%1h0.06410−0.016%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06399−0.187%$194K$214K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06428+0.268%$3K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PYTH+0.0100%1h0.06403−0.125%$2.3M$2.0M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06404−0.109%$20K$46K10xas long as short
Bybit PYTHUSDT+0.0100%4h0.06403−0.125%$7.5M$4.9M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06400−0.172%$2.1M$3.6M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06409−0.031%$1.5M$351K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06395−0.250%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06404−0.109%$2.8Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06414+0.050%$38K$64K10xas long as short
Variational Omni PYTH+0.0100%4h0.06418+0.114%$39K$25Kas long as short
Orderly PERP_PYTH_USDC_mythosshort+0.0100%4h0.06421+0.162%$2K$2K10x
Kraken Futures PF_PYTHUSD+0.0129%1h0.06413+0.026%$391K$293K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06417+0.089%20xas long as short
Coinbase International PYTH-PERP-INTX+0.0368%1h0.06427+0.250%$40K$19K25xas long as short