PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0377%/8h= −41.2% APRnext payment −$0.47 per $10,000 · paid last 24h +0.016%

Price spread now: Deribit against Coinbase International−2.695%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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 −$11 a day on $10k at the current rate, and Deribit is 2.695% cheaper against Coinbase International than usual: you would sell low and buy high (−$270 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	0.06493	0.0152	pay 0.0019% / 1h	1m 23s	$40K	$19K	25x
Short	Deribit PYTH_USDC-PERPETUAL	0.06318	−0.0225	pay 0.0028% / 1h	1m 23s	$10K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −2.695%Rate

Funding earned: −$79.09
Price spread: −2.695% → 0.000%: −$269.52
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$365.61
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Deribit: 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Coinbase International and Deribit: 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
Deribit PYTH_USDC-PERPETUALshort	−0.0225%	1h	0.06318	−2.695%	$10K	$10K	10x
Backpack PYTH_USDC_PERP	−0.0141%	1h	0.06325	−2.590%	$38K	$63K	10x	as long as short
Gate PYTH_USDT	−0.0046%	4h	0.06311	−2.803%	$1.0M	$522K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06323	−2.620%	$188K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−3.588%	$553	$220K	5.5x	as long as short
BloFin PYTH-USDT	+0.0038%	4h	0.06322	−2.634%	$425K	$76K	75x	as long as short
MEXC PYTH_USDT	+0.0040%	4h	0.06318	−2.695%	$10.6M	$2.9M	125x	as long as short
Binance PYTHUSDT	+0.0040%	4h	0.06314	−2.761%	$9.0M	$18.4M	75x	as long as short
Aevo PYTH-PERP	+0.0088%	1h	0.06315	−2.737%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06328	−2.541%	$193K	$212K	5x	as long as short

Show 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	−2.724%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06324	−2.597%	$2.3M	$1.8M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06324	−2.598%	$20K	$45K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06315	−2.741%	$7.4M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06313	−2.772%	$2.1M	$3.5M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06319	−2.680%	$1.5M	$347K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06317	−2.711%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06313	−2.772%	—	$2.7M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06342	−2.320%	$38K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06313	−2.777%	$2K	$2K	10x	as long as short
Coinbase International PYTH-PERP-INTXlong	+0.0152%	1h	0.06493	long leg	$40K	$19K	25x
Kraken Futures PF_PYTHUSD	+0.0301%	1h	0.06320	−2.665%	$385K	$302K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06315	−2.746%	—	—	20x	as long as short