data as of
Settings8H · net · $10k
Funding arb /

PYTH

all PYTH markets
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Funding spread now, next payment 18:00 UTC−0.0477%/8h
paid, last 24h+0.028%paid, last 3 days+0.203%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit PYTH_USDC-PERPETUAL0.064260.0529pay 0.0066% / 1h39m 54s$10K$10K10x
ShortGate PYTH_USDT0.064130.0052get 0.0026% / 4h2h 39m$1.1M$457K75x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
−$100.1
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$122.1
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; Gate: live order book, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.202%
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 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell Gate live order book, 4 min ago5.46 bp30.6 bp −$31doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX PYTH-USD0.0000%1h$190K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h$577$46K5.5xas long as short
Gate PYTH_USDTshort+0.0052%4h$1.1M$457K75x
BloFin PYTH-USDT+0.0084%4h$440K$142K75xas long as short
Lighter PYTH+0.0096%1h$196K$194K5xas long as short
Paradex PYTH-USD-PERP+0.0097%8h$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h$21K$34K10xas long as short
Binance PYTHUSDT+0.0100%4h$9.3M$15.8M75xas long as short
Bybit PYTHUSDT+0.0100%4h$7.8M$4.4M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX PYTH-USDT-SWAP+0.0100%4h$2.1M$3.5M50xas long as short
MEXC PYTH_USDT+0.0100%4h$9.4M$2.7M125xas long as short
KuCoin PYTHUSDTM+0.0100%4h$1.5M$374K50xas long as short
Bitget PYTHUSDT+0.0100%4h$2.6M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h$2.9Mas long as short
Variational Omni PYTH+0.0100%4h$46K$15Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h$3K$1K10xas long as short
Aevo PYTH-PERP+0.0104%1h$23K3xas long as short
Backpack PYTH_USDC_PERP+0.0151%1h$36K$86K10xas long as short
Kraken Futures PF_PYTHUSD+0.0179%1h$388K$226K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h20xas long as short
Coinbase International PYTH-PERP-INTX+0.0304%1h$41K$10K25xas long as short
Deribit PYTH_USDC-PERPETUALlong+0.0529%1h$10K$10K10x