PYTH

Alert

Funding spread now, next payment 20:00 UTC−0.0507%/8h

next payment, per $10,000−$0.63paid, last 24h+0.003%paid, last 3 days+0.016%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.016% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PYTH_USDC-PERPETUAL	0.06370	0	get 0.0000% / 1h	57m 04s	$10K	$10K	10x
Short	Injective PYTH/USDC PERP	0.06376	−0.0507	pay 0.0063% / 1h	57m 04s	$564	$94K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee InjectivebpOrdersRate

Funding earned: −$106.42
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$113.44
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.094%
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 Injective no order-book sample	—	—	—	—	—

Deribit and Injective: 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 PERPshort	−0.0507%	1h	$564	$94K	5.5x
Kraken Futures PF_PYTHUSD	−0.0248%	1h	$384K	$228K	25x	as long as short
Bybit PYTHUSDT	−0.0203%	4h	$7.5M	$4.8M	50x	as long as short
Gate PYTH_USDT	−0.0160%	4h	$1.1M	$517K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	$190K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUALlong	0.0000%	1h	$10K	$10K	10x
BloFin PYTH-USDT	+0.0067%	4h	$432K	$128K	75x	as long as short
Paradex PYTH-USD-PERP	+0.0092%	8h	$3K	$56	10x	as long as short
Lighter PYTH	+0.0096%	1h	$197K	$201K	5x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.7M	$1.4M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0100%	4h	$21K	$34K	10x	as long as short
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	$9.7M	$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-USDT	+0.0100%	4h	—	$2.8M	—	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
Backpack PYTH_USDC_PERP	+0.0210%	1h	$39K	$90K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0232%	1h	$39K	$9K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short