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Funding arb /

PYTH

all PYTH markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 17:00 UTC−0.1177%/8h
paid, last 24h+0.031%paid, last 3 days+0.237%to open and closeno order book
Long on DeribitShort on KuCoin
The current rate is far above what this pair has been paying: over the last 3 days it paid 0.237% in total (about 34.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit PYTH_USDC-PERPETUAL0.065610.1277pay 0.0160% / 1h57m 56s$11K$10K10x
ShortKuCoin PYTHUSDTM0.065330.0100get 0.0050% / 4h3h 57m$1.5M$384K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$247.14
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$266.14
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.427%
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 KuCoin live order book, 4 min ago9.17 bp107.5 bp −$107569.2 bp −$5,692doesn'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$194K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h$577$46K5.5xas long as short
BloFin PYTH-USDT+0.0067%4h$453K$135K75xas long as short
Lighter PYTH+0.0096%1h$199K$189K5xas long as short
Paradex PYTH-USD-PERP+0.0096%8h$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h$1.8M$1.4M5xas long as short
Aster PYTHUSDT+0.0100%4h$24K$31K10xas long as short
Binance PYTHUSDT+0.0100%4h$9.5M$15.2M75xas long as short
Bybit PYTHUSDT+0.0100%4h$8.0M$4.4M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h$2.1M$3.3M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PYTH_USDT+0.0100%4h$1.2M$443K75xas long as short
MEXC PYTH_USDT+0.0100%4h$9.7M$2.7M125xas long as short
KuCoin PYTHUSDTMshort+0.0100%4h$1.5M$384K50x
Bitget PYTHUSDT+0.0100%4h$2.6M$2.1M75xas long as short
BingX PYTH-USDT+0.0100%4h—$2.8M—as long as short
Backpack PYTH_USDC_PERP+0.0100%1h$26K$80K10xas long as short
Variational Omni PYTH+0.0100%4h$47K$16K—as long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h$3K$81410xas long as short
Aevo PYTH-PERP+0.0104%1h$23K—3xas long as short
Coinbase International PYTH-PERP-INTX+0.0176%1h$41K$10K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h——20xas long as short
Kraken Futures PF_PYTHUSD+0.0351%1h$402K$222K25xas long as short
Deribit PYTH_USDC-PERPETUALlong+0.1277%1h$11K$10K10x