Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.029%
Price spread now: Hyperliquid against dYdX0.000%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$2082.077% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now 0.000%, 7d avg −0.039%
=Together, before fees+0.185%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.040% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PYTH-USD | 0.06340 | 0 | get 0.0000% / 1h | 32m 11s | $188K | $19 | 5x |
| Short | Hyperliquid PYTH | 0.06340 | 0.0100 | get 0.0013% / 1h | 32m 11s | $1.7M | $1.5M | 5x |
dYdX PYTH-USD
Hyperliquid PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against dYdX. 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
- $21
- Price spread: 0.000% → −0.039%
- $3.98
- Slippage, 4 orders
- −$188.68
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$182.71
- Costs to cover
- 2.077%
- Break-even
- 67.9 days
Slippage from dYdX: live order book, 57 min ago; Hyperliquid: live order book, 9 min ago.
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, 57 min ago | 79.27 bp | 93.8 bp −$94 | 102.0 bp −$1,020 | 126.6 bp −$12.7K | 604.6 bp −$302.3K |
| Sell Hyperliquid live order book, 9 min ago | 2.36 bp | 13.4 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0586% | 1h | 0.06350 | +0.163% | $561 | $180K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0223% | 1h | 0.06339 | −0.011% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06339 | −0.003% | $384K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0090% | 4h | 0.06332 | −0.121% | $1.1M | $465K | 75x | as long as short |
| Bybit PYTHUSDT | −0.0087% | 4h | 0.06335 | −0.074% | $7.4M | $4.9M | 50x | as long as short |
| BloFin PYTH-USDT | −0.0032% | 4h | 0.06347 | +0.115% | $425K | $121K | 75x | as long as short |
| MEXC PYTH_USDT | −0.0018% | 4h | 0.06331 | −0.137% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0013% | 4h | 0.06331 | −0.142% | $9.1M | $15.9M | 75x | as long as short |
| dYdX PYTH-USDlong | 0.0000% | 1h | 0.06340 | long leg | $188K | $19 | 5x | |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.440% | $40K | $6K | 25x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
Bybit PYTHUSDT
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06330 | −0.153% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06341 | +0.021% | $196K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06330 | −0.160% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTHshort | +0.0100% | 1h | 0.06340 | 0.000% | $1.7M | $1.5M | 5x | |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06337 | −0.042% | $20K | $24K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06334 | −0.090% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06341 | +0.021% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06342 | +0.037% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06334 | −0.090% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06342 | +0.041% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06335 | −0.077% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0280% | 1h | 0.06341 | +0.018% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06333 | −0.105% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP