PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0126%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.025%

Price spread now: Kraken Futures against Coinbase International−0.317%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 Kraken Futures

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Kraken Futures is 0.317% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.317% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 8.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PYTH-PERP-INTX	0.06369	0.0176	pay 0.0022% / 1h	58m 33s	$39K	$18K	25x
Short	Kraken Futures PF_PYTHUSD	0.06349	0.0302	get 0.0038% / 1h	58m 33s	$388K	$291K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.317%Rate

Funding earned: $26.36
Price spread: −0.317% → 0.000%: −$31.67
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$25.3
Costs to cover: 0.200%
Break-even: 13.7 days

Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago	11.02 bp	22.8 bp −$23	133.4 bp −$1,334	doesn't fit	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 22 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	−0.0372%	1h	0.06348	−0.325%	$39K	$92K	10x	as long as short
Gate PYTH_USDT	−0.0122%	4h	0.06335	−0.534%	$1.0M	$495K	75x	as long as short
Binance PYTHUSDT	−0.0054%	4h	0.06339	−0.471%	$9.1M	$17.7M	75x	as long as short
MEXC PYTH_USDT	−0.0052%	4h	0.06344	−0.393%	$9.6M	$2.3M	125x	as long as short
Aster PYTHUSDT	−0.0002%	4h	0.06350	−0.298%	$20K	$46K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06352	−0.268%	$189K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.711%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0072%	1h	0.06345	−0.377%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06351	−0.283%	$191K	$204K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06339	−0.475%	$3K	—	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PYTH	+0.0100%	1h	0.06353	−0.251%	$2.0M	$1.7M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06340	−0.455%	$7.5M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06336	−0.518%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06347	−0.345%	$1.5M	$341K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06346	−0.361%	$2.7M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06340	−0.455%	—	$2.7M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06342	−0.418%	$38K	$26K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06341	−0.447%	$3K	$2K	10x	as long as short
Coinbase International PYTH-PERP-INTXlong	+0.0176%	1h	0.06369	long leg	$39K	$18K	25x
Kraken Futures PF_PYTHUSDshort	+0.0302%	1h	0.06349	−0.317%	$388K	$291K	25x
Reya PYTHRUSDPERP	+0.0302%	1h	0.06338	−0.480%	—	—	20x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0537%	1h	0.06356	−0.204%	$10K	$10K	10x	as long as short