PYTH

Alert

Funding spread now, next payment 20:00 UTC+0.0307%/8h

next payment, per $10,000+$1.53paid, last 24h0.000%paid, last 5 days−0.012%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.012% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PYTHUSDT	0.06354	−0.0207	get 0.0103% / 4h	56m 29s	$7.5M	$4.8M	50x
Short	Orderly PERP_PYTH_USDC_mythos	0.06371	0.0100	get 0.0050% / 4h	56m 29s	$3K	$1K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OrderlybpOrdersRate

Funding earned: $64.4
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $47.4
Break-even: 1.8 days

Slippage unknown: Bybit: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.266%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	3.92 bp	19.0 bp −$19	195.9 bp −$1,959	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PYTH/USDC PERP	−0.0507%	1h	$564	$94K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0248%	1h	$384K	$228K	25x	as long as short
Bybit PYTHUSDTlong	−0.0207%	4h	$7.5M	$4.8M	50x
Gate PYTH_USDT	−0.0168%	4h	$1.1M	$518K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	$189K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	$10K	$10K	10x	as long as short
BloFin PYTH-USDT	+0.0067%	4h	$432K	$128K	75x	as long as short
Paradex PYTH-USD-PERP	+0.0091%	8h	$3K	$56	10x	as long as short
Lighter PYTH	+0.0096%	1h	$197K	$201K	5x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.7M	$1.4M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0100%	4h	$21K	$34K	10x	as long as short
Binance PYTHUSDT	+0.0100%	4h	$9.1M	$15.8M	75x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.0M	$3.5M	50x	as long as short
MEXC PYTH_USDT	+0.0100%	4h	$9.7M	$2.5M	125x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.5M	$346K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	$44K	$17K	—	as long as short
Orderly PERP_PYTH_USDC_mythosshort	+0.0100%	4h	$3K	$1K	10x
Aevo PYTH-PERP	+0.0104%	1h	$23K	—	3x	as long as short
Backpack PYTH_USDC_PERP	+0.0210%	1h	$39K	$90K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0232%	1h	$39K	$9K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short