Funding you earn now, next payment 03:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.008%
Price spread now: BloFin against Coinbase International−0.095%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.095% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PYTH-PERP-INTX | 0.06324 | 0.0104 | pay 0.0013% / 1h | 42m 25s | $39K | $18K | 25x |
| Short | BloFin PYTH-USDT | 0.06318 | 0.0015 | get 0.0008% / 4h | 42m 25s | $352K | $81K | 75x |
Coinbase International PYTH-PERP-INTX
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- −$18.68
- Price spread: −0.095% → 0.000%
- −$9.49
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$50.17
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; BloFin: live order book, 58 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 58 min ago | 5.54 bp | 14.3 bp −$14 | 24.2 bp −$242 | 106.6 bp −$10.7K | doesn't fit |
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 | −0.0395% | 1h | 0.06311 | −0.202% | $38K | $59K | 10x | as long as short |
| Gate PYTH_USDT | −0.0182% | 4h | 0.06300 | −0.380% | $1.0M | $506K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06305 | −0.305% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06310 | −0.221% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDTshort | +0.0015% | 4h | 0.06318 | −0.095% | $352K | $81K | 75x | |
| MEXC PYTH_USDT | +0.0032% | 4h | 0.06300 | −0.380% | $10.0M | $2.5M | 125x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.012% | $553 | $220K | 5.5x | as long as short |
| Aster PYTHUSDT | +0.0034% | 4h | 0.06308 | −0.253% | $20K | $44K | 10x | as long as short |
| Binance PYTHUSDT | +0.0039% | 4h | 0.06300 | −0.372% | $9.0M | $17.9M | 75x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06310 | −0.221% | $23K | — | 3x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
Injective PYTH/USDC PERP
Aster PYTHUSDT
Binance PYTHUSDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06309 | −0.237% | $190K | $207K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06301 | −0.358% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06310 | −0.213% | $2.0M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06302 | −0.348% | $7.5M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06301 | −0.364% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06304 | −0.316% | $1.5M | $345K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06307 | −0.269% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06299 | −0.395% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06314 | −0.161% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06303 | −0.329% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTXlong | +0.0104% | 1h | 0.06324 | long leg | $39K | $18K | 25x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06301 | −0.357% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0415% | 1h | 0.06309 | −0.242% | $385K | $293K | 25x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD