Funding you earn now, next payment 06:00 UTC+0.0161%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h −0.010%
Price spread now: Lighter against Deribit+0.205%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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.205% dearer against Deribit than usual: you sell high and buy low: +$21 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 | 0.06339 | −0.0065 | get 0.0008% / 1h | 52m 29s | $10K | $10K | 10x |
| Short | Lighter PYTH | 0.06352 | 0.0096 | get 0.0012% / 1h | 52m 29s | $194K | $206K | 5x |
Deribit PYTH_USDC-PERPETUAL
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $33.9
- Price spread: +0.205% → 0.000%
- $20.51
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $47.4
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 43 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 Lighter live order book, 43 min ago | 3.13 bp | 11.2 bp −$11 | 93.1 bp −$931 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0406% | 1h | 0.06348 | +0.142% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0068% | 4h | 0.06336 | −0.047% | $1.0M | $518K | 75x | as long as short |
| Deribit PYTH_USDC-PERPETUALlong | −0.0065% | 1h | 0.06339 | long leg | $10K | $10K | 10x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06347 | +0.125% | $188K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0022% | 4h | 0.06327 | −0.189% | $425K | $76K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.246% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0046% | 4h | 0.06349 | +0.158% | $10.7M | $2.6M | 125x | as long as short |
| Binance PYTHUSDT | +0.0048% | 4h | 0.06348 | +0.135% | $9.1M | $18.5M | 75x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06352 | +0.205% | $194K | $206K | 5x | |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06339 | −0.005% | $23K | — | 3x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
BloFin PYTH-USDT
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06347 | +0.123% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06355 | +0.256% | $2.3M | $1.8M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06351 | +0.191% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06348 | +0.142% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06347 | +0.126% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06341 | +0.032% | $1.5M | $348K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06349 | +0.158% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06348 | +0.142% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06348 | +0.148% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06336 | −0.043% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0235% | 1h | 0.06346 | +0.103% | $387K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06334 | −0.079% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +2.429% | $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