PYTH

Alert

Funding spread now, next payment 16:00 UTC+0.0362%/8h

next payment, per $10,000+$0.45paid, last 24h−0.002%paid, last 2 days−0.033%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 2 days it paid -0.033% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 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	0.06547	0	get 0.0000% / 1h	20m 41s	$194K	$19	5x
Short	Deribit PYTH_USDC-PERPETUAL	0.06535	0.0362	get 0.0045% / 1h	20m 41s	$11K	$10K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee DeribitbpOrdersRate

Funding earned: $76.12
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $59.12
Break-even: 1.6 days

Slippage unknown: dYdX: live order book, 30 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.190%
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, 30 min ago	43.24 bp	48.2 bp −$48	128.3 bp −$1,283	147.0 bp −$14.7K	510.8 bp −$255.4K
Sell Deribit no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PYTH/USDC PERP	−0.0184%	1h	$577	$80K	5.5x	as long as short
dYdX PYTH-USDlong	0.0000%	1h	$194K	$19	5x
Coinbase International PYTH-PERP-INTX	+0.0056%	1h	$41K	$11K	25x	as long as short
MEXC PYTH_USDT	+0.0088%	4h	$9.7M	$2.9M	125x	as long as short
Binance PYTHUSDT	+0.0089%	4h	$9.4M	$15.0M	75x	as long as short
Paradex PYTH-USD-PERP	+0.0095%	8h	$3K	$56	10x	as long as short
Lighter PYTH	+0.0096%	1h	$200K	$190K	5x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.8M	$1.3M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	$24K	$31K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	$8.0M	$4.4M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.1M	$3.4M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	$1.2M	$453K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.5M	$388K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	$2.7M	$1.8M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	$47K	$16K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	$3K	$798	10x	as long as short
Aevo PYTH-PERP	+0.0104%	1h	$23K	—	3x	as long as short
Backpack PYTH_USDC_PERP	+0.0121%	1h	$29K	$79K	10x	as long as short
Kraken Futures PF_PYTHUSD	+0.0269%	1h	$401K	$219K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short
BloFin PYTH-USDT	+0.0329%	4h	$447K	$125K	75x	as long as short
Deribit PYTH_USDC-PERPETUALshort	+0.0362%	1h	$11K	$10K	10x