Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.013%
Price spread now: Coinbase International against Bybit+2.737%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 2.737% dearer against Bybit than usual: you sell high and buy low: +$274 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06320 | 0.0100 | pay 0.0050% / 4h | 3h 01m | $7.4M | $4.8M | 50x |
| Short | Coinbase International PYTH-PERP-INTX | 0.06493 | 0.0152 | get 0.0019% / 1h | 1m 02s | $40K | $19K | 25x |
Bybit PYTHUSDT
Coinbase International PYTH-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $10.92
- Price spread: +2.737% → 0.000%
- $273.73
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $263.65
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 min ago; Coinbase International: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 2 min ago | 2.37 bp | 29.1 bp −$29 | 89.5 bp −$895 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0146% | 1h | 0.06324 | +0.057% | $38K | $63K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0066% | 1h | 0.06319 | −0.016% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDT | −0.0046% | 4h | 0.06310 | −0.158% | $1.0M | $522K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06323 | +0.045% | $188K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0031% | 4h | 0.06316 | −0.063% | $424K | $76K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.949% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0040% | 4h | 0.06315 | −0.079% | $10.6M | $2.9M | 125x | as long as short |
| Binance PYTHUSDT | +0.0040% | 4h | 0.06313 | −0.119% | $9.0M | $18.4M | 75x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06315 | −0.074% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06324 | +0.063% | $193K | $212K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
dYdX PYTH-USD
BloFin PYTH-USDT
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06316 | −0.061% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06322 | +0.035% | $2.3M | $1.8M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06323 | +0.050% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDTlong | +0.0100% | 4h | 0.06320 | long leg | $7.4M | $4.8M | 50x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06316 | −0.063% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06319 | −0.016% | $1.5M | $347K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06316 | −0.063% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06314 | −0.095% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06312 | −0.120% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06313 | −0.116% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTXshort | +0.0152% | 1h | 0.06493 | +2.737% | $40K | $19K | 25x | |
| Kraken Futures PF_PYTHUSD | +0.0301% | 1h | 0.06322 | +0.035% | $386K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06315 | −0.083% | — | — | 20x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP