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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Binance against Bybit−0.063%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$930.925% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 7 days+0.057%+$6 · spread now −0.063%, 7d avg −0.045%
Together, before fees+0.015%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PYTHUSDT0.063080.0100pay 0.0050% / 4h3h 56m$7.5M$5.0M50x
ShortBinance PYTHUSDT0.063040.0100get 0.0050% / 4h3h 56m$9.1M$19.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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
$0
Price spread: −0.063% → −0.045%
−$1.76
Slippage, 4 orders
−$71.54
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$94.3
Costs to cover
0.925%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago2.38 bp33.3 bp −$3389.3 bp −$893doesn't fitdoesn't fit
Sell Binance live order book, 14 min ago0.79 bp15.1 bp −$1539.2 bp −$392249.9 bp −$25.0Kdoesn't fit

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%1h0.06316+0.128%$188K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06320+0.190%$10K$10K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−0.761%$553$220K5.5xas long as short
Backpack PYTH_USDC_PERP+0.0062%1h0.06324+0.250%$35K$61K10xas long as short
Lighter PYTH+0.0096%1h0.06316+0.127%$195K$214K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06301−0.117%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06316+0.122%$2.2M$1.9M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06310+0.032%$21K$47K10xas long as short
Binance PYTHUSDTshort+0.0100%4h0.06304−0.063%$9.1M$19.9M75x
Bybit PYTHUSDTlong+0.0100%4h0.06308long leg$7.5M$5.0M50x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX PYTH-USDT-SWAP+0.0100%4h0.06303−0.079%$2.1M$3.5M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06303−0.079%$1.0M$508K75xas long as short
MEXC PYTH_USDT+0.0100%4h0.06306−0.032%$10.5M$2.7M125xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06315+0.111%$1.5M$371K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06306−0.032%$2.7M$2.3M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06306−0.032%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06304−0.061%$40K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06315+0.105%$2K$2K10xas long as short
Aevo PYTH-PERP+0.0104%1h0.06319+0.174%$23K3xas long as short
BloFin PYTH-USDT+0.0160%4h0.06317+0.143%$429K$72K75xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06315+0.109%20xas long as short
Kraken Futures PF_PYTHUSD+0.0466%1h0.06320+0.184%$383K$304K25xas long as short
Coinbase International PYTH-PERP-INTX+0.0536%1h0.06427+1.886%$40K$19K25xas long as short