Funding you earn now, next payment 00:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.71 per $10,000 · paid last 24h +0.016%
Price spread now: OKX against Bybit−0.048%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$810.813% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.048%, 7d avg −0.001%
=Funding pays, the price is against you. OKX is 0.046% cheaper against Bybit than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of −0.001%). If the spread goes back, that is −$5 on $10k: about 26 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.056% in total) that is about 5.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06284 | −0.0042 | get 0.0021% / 4h | 1h 19m | $7.4M | $5.1M | 50x |
| Short | OKX PYTH-USDT-SWAP | 0.06281 | 0.0100 | get 0.0050% / 4h | 1h 19m | $2.1M | $3.4M | 50x |
Bybit PYTHUSDT
OKX PYTH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $29.74
- Price spread: −0.048% → −0.001%
- −$4.64
- Slippage, 4 orders
- −$60.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$56.18
- Costs to cover
- 0.813%
- Break-even
- 20.2 days
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago | 0.80 bp | 22.6 bp −$23 | 81.8 bp −$818 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.59 bp | 14.5 bp −$15 | 81.2 bp −$812 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −0.382% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06280 | −0.061% | $382K | $252K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0067% | 4h | 0.06289 | +0.080% | $422K | $114K | 75x | as long as short |
| Binance PYTHUSDT | −0.0054% | 4h | 0.06276 | −0.123% | $9.0M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0044% | 4h | 0.06281 | −0.048% | $9.1M | $2.3M | 125x | as long as short |
| Bybit PYTHUSDTlong | −0.0042% | 4h | 0.06284 | long leg | $7.4M | $5.1M | 50x | |
| Gate PYTH_USDT | −0.0026% | 4h | 0.06282 | −0.032% | $1.1M | $480K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06289 | +0.081% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06281 | −0.048% | $10K | $10K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06278 | −0.099% | $22K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.339% | $40K | $6K | 25x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06289 | +0.080% | $196K | $210K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06275 | −0.149% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06286 | +0.027% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06281 | −0.048% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAPshort | +0.0100% | 4h | 0.06281 | −0.048% | $2.1M | $3.4M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06290 | +0.095% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06283 | −0.016% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06283 | −0.016% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06284 | +0.003% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06291 | +0.115% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06284 | +0.005% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06281 | −0.049% | — | — | 20x | as long as short |
Coinbase International PYTH-PERP-INTX
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP