PYTH

Alert

Funding spread now, next payment 20:00 UTC+0.0476%/8h

paid, last 24h+0.026%paid, last 3 days+0.227%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PYTH_USDC-PERPETUAL	0.06387	−0.0376	get 0.0047% / 1h	58m 41s	$10K	$10K	10x
Short	BingX PYTH-USDT	0.06382	0.0100	get 0.0050% / 4h	58m 41s	—	$2.8M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BingXbpOrdersRate

Funding earned: $99.93
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $82.93
Break-even: 1.2 days

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 13 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.078%
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 Deribit no order-book sample	—	—	—	—	—
Sell BingX live order book, 13 min ago	4.71 bp	19.2 bp −$19	38.8 bp −$388	135.6 bp −$13.6K	433.9 bp −$216.9K

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PYTH/USDC PERP	−0.0507%	1h	$564	$94K	5.5x	as long as short
Deribit PYTH_USDC-PERPETUALlong	−0.0376%	1h	$10K	$10K	10x
Kraken Futures PF_PYTHUSD	−0.0248%	1h	$385K	$228K	25x	as long as short
Bybit PYTHUSDT	−0.0190%	4h	$7.5M	$4.8M	50x	as long as short
Gate PYTH_USDT	−0.0156%	4h	$1.1M	$517K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	$190K	$19	5x	as long as short
Paradex PYTH-USD-PERP	+0.0092%	8h	$3K	$56	10x	as long as short
Lighter PYTH	+0.0096%	1h	$198K	$201K	5x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.7M	$1.4M	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	$9.2M	$15.7M	75x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.1M	$3.5M	50x	as long as short
MEXC PYTH_USDT	+0.0100%	4h	$9.7M	$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-USDTshort	+0.0100%	4h	—	$2.8M	—
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	+0.0159%	4h	$433K	$128K	75x	as long as short
Backpack PYTH_USDC_PERP	+0.0182%	1h	$39K	$90K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0232%	1h	$39K	$10K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short