Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.038%
Price spread now: Injective against Bybit−3.216%118s7-day average −0.174% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 3 days (all we have)+2.958%+$296 · spread now −3.216%, 7d avg −0.174%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.042% cheaper against Bybit than usual: you would sell low and buy high (−$304 if the spread goes back to its 7-day average of −0.174%). Swap the legs. The two prices were read 118 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06468 | 0.0100 | pay 0.0050% / 4h | 3h 09m | $7.7M | $4.8M | 50x |
| Short | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | get 0.0004% / 1h | 9m 22s | $553 | $220K | 5.5x |
Bybit PYTHUSDT
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −3.216% → −0.174%
- −$304.17
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$329.19
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Injective: 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, 4 min ago | 2.31 bp | 31.8 bp −$32 | 91.1 bp −$911 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDT | −0.0149% | 4h | 0.06458 | −0.155% | $432K | $111K | 75x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0134% | 1h | 0.06468 | −0.007% | $397K | $291K | 25x | as long as short |
| Binance PYTHUSDT | −0.0118% | 4h | 0.06465 | −0.046% | $9.3M | $17.7M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0118% | 4h | 0.06463 | −0.077% | $9.8M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06505 | +0.572% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06476 | +0.124% | $192K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0018% | 4h | 0.06471 | +0.046% | $22K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERPshort | +0.0033% | 1h | 0.06260 | −3.216% | $553 | $220K | 5.5x | |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06465 | −0.046% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06482 | +0.216% | $203K | $199K | 5x | as long as short |
BloFin PYTH-USDT
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Aster 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 | 0.06468 | +0.003% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06476 | +0.118% | $2.1M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDTlong | +0.0100% | 4h | 0.06468 | long leg | $7.7M | $4.8M | 50x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06461 | −0.108% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06470 | +0.031% | $1.1M | $481K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06477 | +0.139% | $1.5M | $326K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06475 | +0.108% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06471 | +0.046% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06461 | −0.102% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06471 | +0.054% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06466 | −0.035% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0368% | 1h | 0.06474 | +0.093% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0949% | 1h | 0.06472 | +0.065% | $36K | $91K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP