Funding you earn now, next payment 00:00 UTC−0.0399%/8h= −43.7% APRnext payment −$0.50 per $10,000 · paid last 24h +0.061%
Price spread now: Kraken Futures against Deribit+0.005%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PYTH_USDC-PERPETUAL | 0.06321 | 0 | get 0.0000% / 1h | 22m 56s | $10K | $10K | 10x |
| Short | Kraken Futures PF_PYTHUSD | 0.06321 | −0.0399 | pay 0.0050% / 1h | 22m 56s | $376K | $264K | 25x |
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$83.79
- Price spread: +0.005% → 0.000%
- $0.47
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$100.32
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 55 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 Kraken Futures live order book, 55 min ago | 9.55 bp | 36.1 bp −$36 | 167.9 bp −$1,679 | doesn't fit | doesn'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: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSDshort | −0.0399% | 1h | 0.06321 | +0.005% | $376K | $264K | 25x | |
| Binance PYTHUSDT | −0.0177% | 4h | 0.06314 | −0.111% | $9.0M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0176% | 4h | 0.06314 | −0.111% | $9.4M | $2.4M | 125x | as long as short |
| BloFin PYTH-USDT | −0.0171% | 4h | 0.06305 | −0.253% | $421K | $114K | 75x | as long as short |
| Aster PYTHUSDT | −0.0017% | 4h | 0.06317 | −0.065% | $22K | $44K | 10x | as long as short |
| Bybit PYTHUSDT | −0.0008% | 4h | 0.06319 | −0.032% | $7.5M | $4.8M | 50x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06316 | −0.080% | $188K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUALlong | 0.0000% | 1h | 0.06321 | long leg | $10K | $10K | 10x | |
| Gate PYTH_USDT | +0.0026% | 4h | 0.06304 | −0.269% | $1.1M | $475K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.965% | $553 | $220K | 5.5x | as long as short |
Binance PYTHUSDT
MEXC PYTH_USDT
BloFin PYTH-USDT
Aster PYTHUSDT
Bybit PYTHUSDT
dYdX PYTH-USD
Gate PYTH_USDT
Injective PYTH/USDC PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0040% | 1h | 0.06315 | −0.095% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06320 | −0.016% | $200K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06301 | −0.310% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06322 | +0.016% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06316 | −0.079% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06317 | −0.063% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06318 | −0.047% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06314 | −0.111% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06325 | +0.060% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06311 | −0.153% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06328 | +0.111% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06309 | −0.185% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0507% | 1h | 0.06323 | +0.035% | $36K | $89K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP