PYTH

Alert

Funding spread now, next payment 19:00 UTC−0.0136%/8h

next payment, per $10,000−$0.17paid, last 24h+0.021%paid, last 5 days+0.183%to open and closeno order book

Long on Coinbase International Short on Lighter

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PYTH-PERP-INTX	0.06399	0.0232	pay 0.0029% / 1h	55m 00s	$39K	$9K	25x
Short	Lighter PYTH	0.06360	0.0096	get 0.0012% / 1h	55m 00s	$197K	$201K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee LighterbpOrdersRate

Funding earned: −$28.56
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$38.56
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 31 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.609%
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 Lighter live order book, 31 min ago	3.93 bp	5.3 bp −$5	60.2 bp −$602	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 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	−0.0249%	1h	$383K	$228K	25x	as long as short
Bybit PYTHUSDT	−0.0211%	4h	$7.5M	$4.8M	50x	as long as short
Gate PYTH_USDT	−0.0172%	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
Paradex PYTH-USD-PERP	+0.0091%	8h	$3K	$56	10x	as long as short
Lighter PYTHshort	+0.0096%	1h	$197K	$201K	5x
Hyperliquid PYTH	+0.0100%	1h	$1.7M	$1.5M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	$21K	$34K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
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	$9.6M	$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
Backpack PYTH_USDC_PERP	+0.0100%	1h	$38K	$90K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	$44K	$17K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	$3K	$1K	10x	as long as short
Aevo PYTH-PERP	+0.0104%	1h	$23K	—	3x	as long as short
BloFin PYTH-USDT	+0.0133%	4h	$432K	$128K	75x	as long as short
Coinbase International PYTH-PERP-INTXlong	+0.0232%	1h	$39K	$9K	25x
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short