Funding you earn now, next payment 06:00 UTC+0.0229%/8h= +25.1% APRnext payment +$0.29 per $10,000 · paid last 24h −0.039%
Price spread now: dYdX against Deribit+0.351%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and dYdX is 0.351% dearer against Deribit than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PYTH_USDC-PERPETUAL | 0.06258 | −0.0229 | get 0.0029% / 1h | 34m 23s | $10K | $10K | 10x |
| Short | dYdX PYTH-USD | 0.06280 | 0 | get 0.0000% / 1h | 34m 23s | $186K | $19 | 5x |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $48.12
- Price spread: +0.351% → 0.000%
- $35.15
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $66.27
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; dYdX: live order book, 15 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 Deribit no order-book sample | — | — | — | — | — |
| Sell dYdX live order book, 15 min ago | 40.12 bp | 45.1 bp −$45 | 158.2 bp −$1,582 | 209.9 bp −$21.0K | 502.8 bp −$251.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0414% | 1h | 0.06296 | +0.609% | $38K | $63K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUALlong | −0.0229% | 1h | 0.06258 | long leg | $10K | $10K | 10x | |
| Gate PYTH_USDT | −0.0094% | 4h | 0.06253 | −0.080% | $1.0M | $528K | 75x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06280 | +0.351% | $186K | $19 | 5x | |
| BloFin PYTH-USDT | +0.0030% | 4h | 0.06271 | +0.208% | $425K | $75K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | +0.032% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0042% | 4h | 0.06258 | 0.000% | $10.5M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0042% | 4h | 0.06254 | −0.064% | $8.9M | $18.8M | 75x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06255 | −0.048% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06277 | +0.304% | $192K | $208K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06264 | +0.103% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06266 | +0.123% | $2.1M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06260 | +0.028% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06255 | −0.048% | $7.4M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06256 | −0.032% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06275 | +0.272% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06251 | −0.112% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06255 | −0.048% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06277 | +0.304% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06263 | +0.072% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0236% | 1h | 0.06302 | +0.707% | $384K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06258 | −0.003% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +3.755% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX