PYTH

Alert

Funding spread now, next payment 18:00 UTC+0.0352%/8h

next payment, per $10,000+$0.44paid, last 24h+0.007%paid, last 5 days+0.013%to open and closeno order book

Long on dYdX Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.013% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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	dYdX PYTH-USD	0.06381	0	get 0.0000% / 1h	41m 18s	$189K	$19	5x
Short	Coinbase International PYTH-PERP-INTX	0.06404	0.0352	get 0.0044% / 1h	41m 18s	$40K	$10K	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee Coinbase InternationalbpOrdersRate

Funding earned: $73.92
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $53.92
Break-even: 1.9 days

Slippage unknown: dYdX: live order book, 59 min ago; Coinbase International: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.359%
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 dYdX live order book, 59 min ago	96.58 bp	101.6 bp −$102	105.5 bp −$1,055	127.9 bp −$12.8K	357.5 bp −$178.7K
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Kraken Futures PF_PYTHUSD	−0.0489%	1h	$385K	$228K	25x	as long as short
Gate PYTH_USDT	−0.0078%	4h	$1.1M	$524K	75x	as long as short
dYdX PYTH-USDlong	0.0000%	1h	$189K	$19	5x
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	$10K	$10K	10x	as long as short
Bybit PYTHUSDT	+0.0024%	4h	$7.5M	$4.9M	50x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	$577	$46K	5.5x	as long as short
BloFin PYTH-USDT	+0.0087%	4h	$432K	$128K	75x	as long as short
Paradex PYTH-USD-PERP	+0.0094%	8h	$3K	$56	10x	as long as short
Lighter PYTH	+0.0096%	1h	$197K	$203K	5x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.7M	$1.5M	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	$9.2M	$15.9M	75x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.0M	$3.6M	50x	as long as short
MEXC PYTH_USDT	+0.0100%	4h	$9.7M	$2.6M	125x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.5M	$360K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	$2.6M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	—	$2.9M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	$39K	$92K	10x	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
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short
Coinbase International PYTH-PERP-INTXshort	+0.0352%	1h	$40K	$10K	25x