PYTH

Alert

Funding spread now, next payment 16:00 UTC−0.0168%/8h

next payment, per $10,000−$0.21paid, last 24h−0.001%paid, last 5 days−0.004%to open and closeno order book

Long on Coinbase International Short on dYdX

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PYTH-PERP-INTX	0.06648	0.0176	pay 0.0022% / 1h	20m 28s	$41K	$10K	25x
Short	dYdX PYTH-USD	0.06534	0.0008	get 0.0001% / 1h	20m 28s	$194K	$19	5x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee dYdXbpOrdersRate

Funding earned: −$35.2
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$55.2
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; dYdX: live order book, 25 min ago. Net counts fees only.

Price risk

price view

Price gap now: −1.713%
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 Coinbase International no order-book sample	—	—	—	—	—
Sell dYdX live order book, 25 min ago	96.96 bp	102.0 bp −$102	208.5 bp −$2,085	275.3 bp −$27.5K	727.7 bp −$363.8K

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PYTH_USDT	+0.0006%	4h	$1.2M	$451K	75x	as long as short
dYdX PYTH-USDshort	+0.0008%	1h	$194K	$19	5x
Injective PYTH/USDC PERP	+0.0033%	1h	$577	$46K	5.5x	as long as short
Lighter PYTH	+0.0096%	1h	$198K	$192K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0097%	8h	$3K	$56	10x	as long as short
BloFin PYTH-USDT	+0.0097%	4h	$452K	$141K	75x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.8M	$1.4M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	$24K	$30K	10x	as long as short
Binance PYTHUSDT	+0.0100%	4h	$9.6M	$15.4M	75x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	$7.9M	$4.4M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.1M	$3.4M	50x	as long as short
MEXC PYTH_USDT	+0.0100%	4h	$9.6M	$2.8M	125x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.5M	$376K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	$2.6M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	—	$2.9M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	$47K	$14K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	$3K	$814	10x	as long as short
Aevo PYTH-PERP	+0.0104%	1h	$23K	—	3x	as long as short
Coinbase International PYTH-PERP-INTXlong	+0.0176%	1h	$41K	$10K	25x
Deribit PYTH_USDC-PERPETUAL	+0.0208%	1h	$11K	$10K	10x	as long as short
Backpack PYTH_USDC_PERP	+0.0276%	1h	$36K	$85K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0351%	1h	$403K	$223K	25x	as long as short