Funding you earn now, next payment 02:00 UTC+0.0375%/8h= +41.0% APRnext payment +$0.47 per $10,000 · paid last 24h +0.047%
Price spread now: Kraken Futures against dYdX+0.257%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$258as in the Funding arb table
Net, price: spread back to 7d avg − costs−$303as in the Price arb table
costs, in and out, $10k−$3243.240% of the position
Funding, last 7 days+0.660%+$66 on $10k
+Price spread, last 3 days (all we have)−0.283%−$28 · spread now +0.257%, 7d avg +0.052%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.205% dearer against dYdX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.052%.
| 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 | 42m 27s | $189K | $19 | 5x |
| Short | Kraken Futures PF_PYTHUSD | 0.06397 | 0.0375 | get 0.0047% / 1h | 42m 27s | $392K | $292K | 25x |
dYdX PYTH-USD
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $78.67
- Price spread: +0.257% → +0.052%
- $20.5
- Slippage, 4 orders
- −$303.95
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$224.78
- Costs to cover
- 3.240%
- Break-even
- 27.0 days
Slippage from dYdX: live order book, 27 min ago; Kraken Futures: live order book, 25 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, 27 min ago | 45.53 bp | 71.4 bp −$71 | 172.5 bp −$1,725 | 196.0 bp −$19.6K | 878.0 bp −$439.0K |
| Sell Kraken Futures live order book, 25 min ago | 20.08 bp | 44.9 bp −$45 | 205.3 bp −$2,053 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDT | −0.0143% | 4h | 0.06394 | +0.204% | $428K | $113K | 75x | as long as short |
| Binance PYTHUSDT | −0.0100% | 4h | 0.06364 | −0.266% | $9.1M | $17.8M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0100% | 4h | 0.06371 | −0.156% | $9.6M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06418 | +0.580% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USDlong | 0.0000% | 1h | 0.06381 | long leg | $189K | $19 | 5x | |
| Aster PYTHUSDT | +0.0004% | 4h | 0.06369 | −0.188% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.896% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0056% | 1h | 0.06370 | −0.172% | $23K | — | 3x | as long as short |
| Gate PYTH_USDT | +0.0060% | 4h | 0.06365 | −0.250% | $1.0M | $493K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06377 | −0.062% | $190K | $205K | 5x | as long as short |
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Gate PYTH_USDT
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06363 | −0.274% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06379 | −0.028% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06370 | −0.172% | $7.6M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06364 | −0.266% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06374 | −0.109% | $1.5M | $336K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06368 | −0.203% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06369 | −0.188% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06395 | +0.220% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06367 | −0.218% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06371 | −0.156% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSDshort | +0.0375% | 1h | 0.06397 | +0.257% | $392K | $292K | 25x | |
| Deribit PYTH_USDC-PERPETUAL | +0.0531% | 1h | 0.06406 | +0.392% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0716% | 1h | 0.06396 | +0.237% | $38K | $93K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP