Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.012%
Price spread now: BloFin against Bybit−0.032%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$960.962% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)−0.416%−$42 · spread now −0.032%, 7d avg −0.066%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06274 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $7.5M | $4.4M | 50x |
| Short | BloFin PYTH-USDT | 0.06272 | 0.0100 | get 0.0050% / 4h | 2h 18m | $425K | $71K | 75x |
Bybit PYTHUSDT
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- −$0.08
- Price spread: −0.032% → −0.066%
- $3.39
- Slippage, 4 orders
- −$73.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$92.93
- Costs to cover
- 0.962%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 30 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 Bybit live order book, 2 min ago | 3.19 bp | 33.6 bp −$34 | 241.6 bp −$2,416 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 30 min ago | 5.61 bp | 14.7 bp −$15 | 30.5 bp −$305 | 99.1 bp −$9,908 | doesn't fit |
PYTH on 23 exchanges
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 | −0.0049% | 1h | 0.06278 | +0.067% | $35K | $53K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06274 | −0.005% | $186K | $13 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06272 | −0.032% | $10K | — | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.223% | $553 | $220K | 5.5x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06281 | +0.112% | $194K | $207K | 5x | as long as short |
| BloFin PYTH-USDTshort | +0.0100% | 4h | 0.06272 | −0.032% | $425K | $71K | 75x | |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06265 | −0.143% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06280 | +0.096% | $2.1M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06276 | +0.036% | $19K | $47K | 10x | as long as short |
| Binance PYTHUSDT | +0.0100% | 4h | 0.06270 | −0.062% | $8.9M | $19.1M | 75x | as long as short |
Backpack PYTH_USDC_PERP
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Binance PYTHUSDTShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDTlong | +0.0100% | 4h | 0.06274 | long leg | $7.5M | $4.4M | 50x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06272 | −0.032% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06269 | −0.080% | $1.0M | $495K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0100% | 4h | 0.06269 | −0.080% | $11.2M | $2.9M | 125x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06274 | 0.000% | $1.5M | $359K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06274 | 0.000% | $2.6M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06273 | −0.016% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06270 | −0.060% | $39K | $24K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06270 | −0.067% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06270 | −0.064% | $22K | — | 3x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06271 | −0.049% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0462% | 1h | 0.06278 | +0.071% | $381K | $259K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0616% | 1h | 0.06330 | +0.893% | $39K | $20K | 25x | as long as short |
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
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX